JSW Infra Q4 Results: Net Profit Jumps 10% To Rs 330 Crore

Port Operator, JSW Infrastructure on Friday reported its fourth-quarter results, showcasing a robust consolidated net profit surge to Rs 330 crore, marking a notable 10% increase compared to the corresponding quarter last year. This surge is a testament to the company's resilience and strategic prowess amidst a challenging economic landscape.

The company has announced a dividend of Rs. 0.55 per Equity Share of Rs. 2 (27.5%) for shareholders, to be declared at the upcoming Annual General Meeting.

Q4 2024:
The company witnessed a 9% year-on-year increase in cargo handled volumes, totaling 29.3 million tonnes. Revenue surged by an impressive 23% year-on-year, reaching Rs 1,200 crore.

Furthermore, EBITDA experienced substantial growth, rising by 29% year-on-year to Rs 685 crore, with an impressive EBITDA margin of 57.1%.

Profit Before Tax (PBT) soared by 41% year-on-year to Rs 417 crore, while Profit After Tax (PAT) saw a 9% increase, amounting to Rs 329 crore. This strong financial performance underscores JSW Infrastructure's resilience and strategic prowess in navigating evolving market dynamics.

FY 2024 Performance:
JSW Infrastructure has achieved impressive growth in various facets of its operations, with cargo handled volumes soaring to 106 million tonnes, marking a notable 15% increase year-on-year. Moreover, the third-party share has surged to 40%, up from 33% recorded last year. Financially, the company reported a substantial 20% year-on-year rise in revenue, totaling Rs 4,032 crore.

Additionally, its EBITDA saw a significant uptick of 24%, reaching Rs 2,234 crore, accompanied by an impressive EBITDA margin of 55.4%.
Profits also surged, with Profit Before Tax (PBT) soaring to Rs 1,465 crore, marking an 81% increase, while Profit After Tax (PAT) rose by 55% to Rs 1,161 crore. The Board has proposed a dividend of Rs 0.55 per share, underscoring the company's commitment to shareholder value.

Furthermore, JSW Infrastructure maintains a robust balance sheet, boasting a Net Debt/EBITDA ratio of 0.03x and a substantial cash and bank balance of Rs 4,316 crore, positioning it strongly for sustained growth and value creation.

One of the primary drivers behind this impressive performance was the heightened capacity utilisation at the Paradip and Mangalore coal terminals. By effectively leveraging its operational capabilities, JSW Infrastructure managed to bolster cargo volumes by 9%, reaching a commendable 29.3 million tonnes during the January-March period.

The surge in cargo volumes not only propelled the company's net profit but also contributed to a remarkable 20% increase in revenue from operations, which soared to Rs 1,096 crore.

However, it's worth noting that total expenses witnessed a 15.5% uptick, primarily driven by higher operational costs.

The buoyant commercial activity and robust domestic consumption served as additional catalysts, bolstering cargo movement in and out of the country. This positive market environment has been instrumental in fostering growth for port operators across the board, including JSW Infrastructure's larger rival, Adani Ports.

Adani Ports recently reported a staggering 76% surge in fourth-quarter profit, buoyed by record cargo traffic at its ports and terminals.

This reaffirms the overall optimism surrounding the maritime sector and underscores the pivotal role played by port operators in facilitating trade and commerce.

JSW Infrastructure's shares experienced a notable uptick, rising by as much as 2.6%. However, they later reverted to trade flat, reflecting the cautious market sentiment prevailing at the time.