The shares of the infrastructure company jumped 2 percent after the company entered into a concession agreement with Karnataka Maritime Board, Government of Karnataka. The shares in just six months have delivered more than 30 percent returns to its shareholders. 

With a market capitalization of Rs. 44,300 crores, the shares of JSW Infrastructure Ltd started Thursday’s trading session on a higher note at Rs. 215 compared to its previous close at Rs. 210.75. The share hit a high of Rs. 220 making a gain of around 2 percent and currently trading at Rs. 209 apiece. 

Such a positive movement was observed after the company in an exchange filing mentioned that on November 29, 2023, they entered into a concession agreement with Karnataka Maritime Board, Government of Karnataka for the development of All- weather, deep water, greenfield port at Keni in Karnataka on Public Private Partnership basis model. 

Digging into the financial statements, the revenues marginally decreased by 3 percent from Rs. 878 crores during the June quarter to Rs. 848 in the September quarter. In addition, the net profit slipped by 20 percent from Rs. 322 crores to Rs. 256 crores keeping the timeframe the same. 

Coming on to important ratios, the return on equity (RoE) was reported at 20.63 percent during FY 22-23 and the return on capital employed (RoCE) was recorded at 17.68 percent during the same period. 

According to the latest shareholding pattern, Promoters of the company have an 85.61 percent stake in the company, FIIs have picked a 3.64 percent stake, DIIs have 4.41 percent shares and the remaining 6.61 percent holdings are with the Public or Retail Investors. 

Headquartered in Mumbai, JSW Infrastructure Ltd provides maritime-related services including, storage solutions, cargo handling, logistics services, and other value-added services to their customers, and is evolving into an end-to-end logistics solutions provider. The company develops and operates ports and port terminals under Port Concessions. 

Written By Vaibhav Patil


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