JSW Infra Profit Up 10%, Revenue Jumps 20%

JSW Infra shares were volatile on Friday as the company posted its earnings for the quarter ended March.

What Happened: JSW Infra’s net profit for the March quarter was at ₹330 crore, up around 10% from the ₹300 crore posted in the same quarter last year. Revenue from operations for the quarter was at ₹1,096 crore, up around 20% from the ₹915.30 crore posted in the year-ago period.

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The company attributed the growth in revenue to the increase in cargo volume. The company informed that the total cargo handled was 29.3 million tonnes in the January-March period, a growth of 9% YoY. The increase in cargo volumes was driven increase in capacity utilisation at the Paradip Coal Terminal and Ennore Coal Terminal. “Newly acquired assets (PNP and Liquid Terminal,UAE) also contributed to growth,” the company added.

EBITDA for the quarter was ₹685 crore, up 29% year-on-year. EBITDA margin was at 57.1%. The company also announced a ₹0.55 per share dividend.

Price Action: JSW Infra’s share price was up 0.12% to trade at ₹257.60 on Friday.

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