JSW Infrastructure reports strong operational and financial results for Q2 and H1 FY26. Cargo volumes increased, driving revenue growth. The company is progressing on capacity expansion projects, including greenfield and brownfield developments, to reach 400 mtpa by FY30. JSW Infrastructure maintains a robust balance sheet and is positioned for future growth in the port sector.
Financial and Operational Highlights
JSW Infrastructure announced positive results for Q2 and H1 FY26, demonstrating continued growth. Key highlights include:
- Total cargo handled: Increased to 28.9 MT in Q2 FY26 and 58.2 MT in H1 FY26.
- Revenue: Grew by 26% to ₹1,372 Crore in Q2 FY26 and by 23% to ₹2,686 Crore in H1 FY26.
- EBITDA: Increased to ₹716 Crore (up 18%) in Q2 FY26 and ₹1,387 Crore (up 14%) in H1 FY26.
Key Strategic Updates
JSW Infrastructure is actively expanding its port capacity through various projects:
- Successfully concluded public hearings for greenfield ports at Keni (Karnataka) and Murbe (Maharashtra).
- Signed a 30-year concession agreement for berths in Kolkata.
- Acquired an 86-acre brownfield rail siding in Kudathini, Ballari to develop a multi-modal logistics park.
Expansion Projects Progress
The company is making significant progress on several expansion projects:
- V.O. Chidambaranar Port, Tuticorin: Construction of a 7mtpa berth is underway, expected completion by Q1 FY27.
- JNPA (Liquid Terminal): Commercial operations are expected to commence in November 2025.
- Jaigarh & Dharamtar: Capacity expansion of 36mtpa is targeted for completion by March 2027.
- Keni Port: A 30mtpa greenfield port is expected to commence operations in FY29.
- Slurry Pipeline Project: Construction is targeted for completion by March 2027.
Financial Position
JSW Infrastructure maintains a strong financial profile:
- Net Debt of ₹1,810 Crore.
- Secured Investment Grade Rating (BBB-/Stable) from S&P Global Ratings and Fitch Ratings.
Source: BSE