JSW Infra Q2 FY26 revenue up by 26%, but net profit sees 3% dip
The group's overall cargo handling volume grew by 6%, increasing from 14.8 MT to 15.7 MT YoY.;
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JSW Infrastructure, India’s second-largest private commercial port operator and an arm of the JSW Group, reported a 26% year-on-year (YoY) increase in its consolidated revenue from operations for the second quarter ended September 2025 (Q2 FY26).
The company's revenue climbed to ₹1,266 crore (₹12.66 billion), up from ₹1,001 crore (₹10.01 billion) in the corresponding period last year.
Despite the robust revenue growth, the company's net profit saw a slight decline. Consolidated net profit for Q2 FY26 was reported at ₹361.24 crore (₹3.6124 billion), a 3% drop from ₹371.51 crore (₹3.7151 billion) recorded in the previous year.
The group's overall cargo handling volume grew by 6%, increasing from 14.8 million tonnes (MT) to 15.7 MT YoY.
According to a press release, this volume growth was largely fueled by a strong operational performance across several key facilities, including South West Port, Jaigarh Port, and Dharamtar Port. The company also noted positive contributions from interim operations at its Tuticorin terminal and the JNPA liquid terminal.
However, the port operator faced a challenge at its Paradip Iron Ore terminal, which saw a 2.1 MT shortfall during the quarter. The company attributed this slowdown to weak seaborne iron ore export market conditions, which acted as a headwind against its overall performance.
“Without these headwinds, our overall growth would have been closer to 10%," the company said.
The operational efficiency of the company remained strong, with Earnings Before Tax, Depreciation, and Amortisation (EBITDA) rising by 17% to ₹609.68 crore (₹6 billion), compared to ₹520.54 crore (₹5 billion) a year ago.
Additionally, the share of group volume handled by JSW Infrastructure increased to 54% in Q2 FY26, up from 52% in the same quarter last year, indicating a growing reliance by the parent JSW Group on its infrastructure arm for cargo movement.
As of 17 October 12.34 pm, the share of the company was down by 4.22% to ₹295.90 per share.