JSW Infrastructure Ltd Share Price – NSE /  BSE

Marine Port & Services, Mid Cap

JSW Infrastructure (JSWIL) announced plans to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30.

The Company has an estimated capex of Rs 30,000 crores for FY25-30 to achieve 400 million tonnes per annum capacity.

Key initiatives include:

• Brownfield projects: Capacity enhancements at Jaigarh, Dharamtar, and Goa.

• Greenfield developments: New ports at Jatadhar, Keni, and Murbe.

• Logistics integration: Acquisitions like Navkar Corporation and a slurry pipeline project to bolster its end-to-end logistics solutions.

While JSWIL continues to benefit from its association with JSW Group companies, it has made significant progress in diversifying its customer base. The share of third-party cargo increased from 5% in FY19 to 48% in 1HFY25. The company aims for an equal mix of group and third-party customers, enhancing operational stability and profitability.

In an effort to combat global warming and climate change, JSW Infrastructure has committed to curtail its direct GHG emissions and achieve net neutrality by 2050.

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The key equity barometers continued to trade with small losses in morning trade. The Nifty slipped below the 24,250 mark. Auto shares declined after advancing in the previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 331.17 points or 0.41% to 79,668.20. The Nifty 50 index declined 111.45 points or 0.46% to 24,227.70.

In the broader market, the S&P BSE Mid-Cap index shed 0.42% and the S&P BSE Small-Cap index fell 0.23%.

The market breadth was positive. On the BSE, 1,763 shares rose and 1,700 shares fell. A total of 166 shares were unchanged.

Result Today:

Maruti Suzuki India (down 2.01%), Cipla (down 2.85%), Adani Enterprises (up 1.11%), Adani Ports and Special Economic Zone (down 1.31%), Canara Bank (up 0.18%), SBI Cards and Payment Services (up 0.63%), Allied Blenders and Distillers (down 3.04%), Marico (up 0.79%), Container Corporation of India (up 0.76%), Deepak Fertilisers (up 0.50%), Edelweiss Financial Services (up 3.38%), Engineers India (down 0.28%), Five-Star Business Finance (up 0.37%), Genus Power Infrastructures (down 0.89%), Glaxosmithkline Pharma (up 0.17%), Godrej Agrovet (up 1.23%), HUDCO (up 0.26%), Laxmi Organic Industries (up 1.25%), MTAR Technologies (up 1.13%), Prestige Estates Projects (down 0.18%), Shriram Asset Management (down 0.51%), Star Health and Allied Insurance Company (down 0.25%), Symphony (up 0.58%), Voltas (up 1.85%) and Websol Energy System (up 1.25%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Auto index fell 1.94% to 23,499.45. The index rose 0.69% in the past trading session.

Bajaj Auto (down 3.21%), Tata Motors (down 2.77%), Mahindra & Mahindra (down 2.05%), Balkrishna Industries (down 1.91%), Hero MotoCorp (down 1.88%), Maruti Suzuki India (down 1.79%), Bosch (down 1.61%), Bharat Forge (down 1.45%), MRF (down 1.13%) and Samvardhana Motherson International (down 1.03%) edged lower.

Stocks in Spotlight:

JSW Infrastructure jumped 8.53% after the company’s consolidated net profit jumped 40.04% to Rs 373.37 crore on 18.04% increase in revenue from operations to Rs 1001.36 crore in Q2 FY25 over Q2 FY24.

Ideaforge Technology declined 7.53% after the company reported net loss of Rs 13.72 crore in Q2 FY25 as compared with net profit of Rs 0.89 crore in Q2 FY24. Revenue from operations increased 56.34% YoY to Rs 37.10 crore in Q2 FY25.

Dixon Technologies (India) added 1.45% after the company informed that it has entered into memorandum of understanding (MOU) with Cellecor Gadgets to manufacture washing machines and its related components for Cellecor.

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Profit before tax (PBT) rose 68.8% YoY to Rs 553.94 crore during the quarter ended 30 September 2024.

EBITDA stood at Rs 607 crore, registering the growth of 21.6% as compared with Rs 499 crore in Q2 FY24.

During the quarter, the company handled cargo volumes of 27.5 million tonnes which is higher by 16% over the last year. The volume increase was driven by the increased capacity utilisation at the coal terminals of Mangalore, Paradip and Ennore and the contribution from the acquisitions (PNP and Liquid Storage Terminal, UAE).

Notably, the increase in the thirdparty volume was even stronger with 48% year-on-year growth and the share of Third Party in the overall volumes stood at 46% in Q2 FY25 as against 36% a year ago.

Cash & cash equivalents was at Rs 4,501 crore during the quarter.

JSW Infrastructure a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions.

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Net profit of JSW Infrastructure rose 46.03% to Rs 371.51 crore in the quarter ended September 2024 as against Rs 254.40 crore during the previous quarter ended September 2023. Sales rose 18.04% to Rs 1001.36 crore in the quarter ended September 2024 as against Rs 848.31 crore during the previous quarter ended September 2023.

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