JSW Infra posted its earnings for the quarter ended June on Thursday after market hours.
What Happened: The company’s net profit came in at ₹292 crore, down around 8% from the ₹320 crore posted in the same quarter last year. Revenue from operations for the April-June period stood at ₹1,009 crore, up around 15% from the ₹878 crore posted in the same period last year.
See Also: Infosys Reports 7% Jump In Net Profit At ₹6,368 Cr, Ups Guidance
EBITDA for the quarter went up around 24% year-on-year at ₹609 crore, with an EBITDA margin of 55%. During the quarter, the company handled cargo volumes of 27.8 million tonnes which is higher by 9% over the last year.
Shares of the company were under pressure ahead of the results. Shares of the JSW Group company have been on a roll ever since it was listed in the latter half of 2023. Since then, the stock has surged up over 100%.
Price Action: JSW Infra’s share price was down 1.32% to close at ₹336.10 on Thursday.
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