JSW Infra Q1 FY26 profit jumps 31% YoY

JSW Infrastructure, India’s second-largest private port operator and part of the JSW Group, reported financial and operational performance for the first quarter of FY2026, with profit after tax (PAT) surging 31% year-on-year to ₹390 crore.

The company clocked operational revenue of ₹1,224 crore, up 21% from the same period last year, driven by a 5% rise in cargo volumes, which reached 29.4 million tonnes during the quarter. Operational EBITDA rose 13% YoY to ₹581 crore.

JSW Infrastructure handle a wide range of cargo types and vessel sizes by operating 12 port concessions across India and a large liquid terminal in Fujairah, UAE.

JSW Infrastructure’s volume growth was powered by strong coal handling operations at Ennore, PNP, and Paradip, and notable contributions from South West Port, Dharamtar Port, and interim operations at the Tuticorin and JNPA liquid terminals. However, a drop in iron ore cargo at Paradip tempered overall growth.

Third-party cargo volumes saw an 8% rise, now comprising 52% of the company’s total cargo, up from 50% last year.

Navkar Corporation, acquired last year, delivered a standout performance with EXIM cargo volumes growing 31% YoY to 81,000 TEUs and domestic cargo growing 11% to 275,000 metric tonnes.

JSW Infrastructure continues to pursue aggressive capacity expansion through public-private partnerships and strategic acquisitions:

Kolkata Port Redevelopment: The company received a Letter of Award from Syama Prasad Mookerjee Port Authority to redevelop and mechanize berths at Netaji Subhas Dock, Kolkata. The DBFOT-mode PPP project marks a key step in diversifying into container handling.

Rail Connectivity to Jaigarh Port: A binding MoU was signed with Konkan Railway Corporation for the Bhoke Railway Siding project in Ratnagiri, expected to significantly boost inland cargo movement and port connectivity.

Acquisition of NCR Rail Infrastructure: JSW Infra received a Letter of Intent for NCR Rail Infra under IBC proceedings. The asset includes a Private Freight Terminal in Khurja, UP, with six rail lines, two operational warehouses, and a 130-acre land bank—offering strategic proximity to New Delhi and Jewar Airport.

JSW Infrastructure reaffirmed its roadmap to expand cargo handling capacity to 400 million tonnes per annum (MTPA) by FY2030, up from the current 177 MTPA. The company has allocated ₹30,000 crore in capex for port capacity expansion and ₹9,000 crore to build out a robust logistics network anchored by Navkar Corporation.

It aims to scale its logistics segment to ₹8,000 crore in revenue with 25% EBITDA margins, targeting industry-leading returns on capital employed.