SYNOPSIS:
JSW Infrastructure reported Rs. 1,266 crore Q2 FY26 revenue (up 26 percent YoY), Rs. 369 crore profit, expanded logistics via Ballari acquisition, and outlined Rs. 30,000 crore capex to achieve 400 MTPA and logistics growth by FY30.
During Friday’s trading session, shares of a part of the JSW Group and India’s second-largest private commercial port operator are in focus on the stock exchanges, after the company reported Q2 FY26 results, with capex plans of Rs. 30,000 crores.
At 11:05 a.m., shares of JSW Infrastructure Limited were trading in red at Rs. 298.05 on BSE, down by around 4 percent, compared to its previous closing price of Rs. 309.05. The stock has delivered negative returns of around 8 percent in the last one year, and has fallen by over 9 percent in the last one month.
What’s the News
JSW Infrastructure Limited announced the financial results for the second quarter of FY26 on Thursday after market hours, as per the latest regulatory filings with the stock exchanges.
For Q2 FY26, the company reported a consolidated net revenue from operations of Rs. 1,266 crores, reflecting a sequential growth of around 3.4 percent QoQ compared to Rs. 1,224 crores in Q1 FY26, and a year-on-year increase of over 26 percent from Rs. 1,001 crores recorded in Q2 FY25.
However, during the same period, net profit stood at Rs. 369 crores, indicating a fall of around 5.4 percent QoQ from Rs. 390 crores in Q1 FY26, as well as a decline on a year-on-year basis by more than 1 percent from Rs. 374 crores reported in Q2 FY25.
For Q2 FY26, revenue from the Port Operation segment stood at Rs. 1,103 crores (87 percent) and the Logistic Operation segment at Rs. 162.7 crores (13 percent), resulting in a total revenue of Rs. 1,266 crores.
During the quarter, the company strengthened its logistics network through a strategic acquisition in Ballari, Karnataka. Its wholly owned subsidiary, JSW Port Logistics Pvt. Ltd., acquired an 86-acre brownfield rail siding in Kudathini, Ballari, from Hothur Ispat Pvt. Ltd. for Rs. 57 crore. Commercial operations are expected to commence in Q4 FY26, followed by a phased ramp-up, with a total project capex of Rs. 380 crore.
Management Guidance & Capex Plans
The company has embarked on an ambitious growth strategy to expand its cargo handling capacity from the current 177 Million Tonnes Per Annum (MTPA) to 400 MTPA by FY30 or earlier, representing a ~2.3x increase in overall capacity. To achieve this goal, it has outlined a comprehensive capex plan of Rs. 30,000 crore
Further, JSW Infra has outlined an ambitious roadmap to strengthen its logistics segment through strategic expansion and partnerships, targeting Rs. 8,000 crore in revenue, Rs. 2,000 crore in EBITDA, and a total capex investment of Rs. 9,000 crore by FY30.
JSW Infrastructure Limited is primarily engaged in the business of developing, operating and maintaining the port services, port-related Infrastructure development activities and development of infrastructure. It operates 12 strategically located port concessions along India’s west and east coasts, complemented by an international presence with a 465,000-cubic-meter liquid tank storage terminal in Fujairah, UAE.
Written by Shivani Singh
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