JSW Infra posted its earnings for the quarter ended September on Monday evening.

What Happened: The company’s consolidated net profit for the quarter came in at ₹371.51 crore, up 46% from the ₹254 crore profit posted in the same quarter last year.

Revenue from operations stood at ₹1,001.36 crore, an 18% increase from the ₹848 crore posted in the corresponding quarter of the previous year. EBITDA for the quarter came in at ₹608 crore, a 21% jump from the ₹500 crore posted in the same quarter last year.

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During the quarter, the company handled cargo volumes of 27.5 million tonnes which is higher by 16% over the last year.

Earlier in the month, JSW Infra received a Letter of Intent (LOI) from the Maharashtra Maritime Board (MMB) to develop, operate, manage, and maintain a multipurpose port in Palghar district, Maharashtra.

Price Action: JSW Infra’s share price was up 2.22% to close at ₹287.35 on Monday.

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