The shares of the second-largest private port operator gained up to 10 percent after the company’s net profit and revenue zoomed by 47 percent and 18 percent, respectively in Q2FY25.
JSW Infrastructure Ltd has a market capitalization of Rs 65,436.05 crore, the shares were trading at Rs 311.60 per share, increasing around 9 percent as compared to the previous closing price of Rs 287.50 apiece.
Reason for Rise:-
Today, the company shares have seen positive movement after JSW Infrastructure Ltd announced its financial performance for Q2FY25 in which revenue jumped by 18 percent on year on year basis from Rs 848 crore in Q2FY24 to Rs 1,001 crore in Q2FY25, however, in Quarter a Quarter basis revenue zoomed by 1 percent from Rs 1,010 crore in Q1FY25 to Rs 1,001 crore Q2Y25.
Moreover, net profit is magnified by 47 percent on a yearly basis from Rs 256 crore in Q2FY24 to Rs 374 crore in Q2FY25, meanwhile on a quarter-on-quarter basis net profit also jumped by 26 percent from Rs 297 crore in Q1FY25 to Rs 374 crore in Q2FY25.
Key Projects:-
JSW Infrastructure has signed a concession agreement for the V.O. Chidambaranar Port in July 2024, with plans to construct a 7mtpa berth for dry bulk cargo at an estimated capex of ₹600 crore. Geotechnical investigations are complete, with dredging contracts under finalization, targeting completion by Q4 FY26.
At the JNPA, a concession agreement was signed in April 2024 for two liquid cargo berths with a total capacity of 4.5mtpa, with an estimated capex of ₹100 crore. Technical studies are completed, pipelines ordered, and a service order for fabrication is in place, aiming for completion by Q2 FY26.
In addition to the Jaigarh LPG terminal, which has a capacity of 2mtpa and an estimated capex of ₹900 crore, JSW is expanding capacity at Dharamtar and Jaigarh to 36mtpa. They are also working on a 30mtpa greenfield multi-cargo port at Keni, with commercial operations expected to commence by FY 2029.
Strategic Initiatives:-
JSW Infrastructure is actively pursuing new projects, including the construction of a Gati Shakti multi-model cargo Terminal in Arakkonam, Tamil Nadu, which will improve connectivity to major ports. The company also plans to drastically increase its overall capacity, targeting a 2.4x increase by FY30 through various approved and potential projects.
Company Overview:-
JSW Infrastructure Limited is primarily focused on developing, operating, and maintaining port services, ports-related infrastructure development activities, and the development of infrastructure. It offers port services that involve marine services, including the piloting of vessels using tugs, mooring, berthing, and others.
Written by:- Abhishek Singh
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