Navkar Corporation has published the transcript of its Q1FY27 earnings conference call, held on July 21, 2026, providing investors with a detailed written record of management’s commentary on the quarter’s financial performance. The document is now accessible on the company’s official website, ensuring transparency and ease of reference for stakeholders who prefer text-based analysis over audio recordings. This disclosure follows the earlier release of the audio recording and complements the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The conference call was conducted by JSW Infrastructure Limited, the ultimate holding company of Navkar Corporation Limited, and featured key management personnel, including the Joint Managing Director & CEO and the Chief Financial Officer. Deepa Gehani, Company Secretary & Compliance Officer, signed the disclosure letter dated July 27, 2026, confirming the availability of the transcript.

Access Details

Investors can access the full transcript via the link provided on Navkar Corporation’s website. The document captures the entire dialogue from the July 21 session, allowing for precise quote extraction and detailed analysis of operational highlights and strategic direction.

What This Means for Investors

The availability of the transcript enhances accessibility for investors who require specific quotes or detailed insights into management’s outlook for the remainder of FY27. It ensures that all stakeholders, regardless of their ability to listen to the audio recording, can engage with the company’s financial narrative. The transcript serves as a permanent record of the discussions held during the conference call, supporting informed decision-making for shareholders and analysts alike.

JSW Infrastructure Limited announced its financial results for the quarter ended June 30, 2026, reporting an 18% year-on-year increase in revenue from operations to ₹1,445 crore. Operating EBITDA grew 16% to ₹674 crore, supported by a 6% rise in cargo handling volumes to 31 million tonnes. Profit After Tax for the quarter stood at ₹358 crore. The company maintained a net cash position of ₹2,769 crore, with gross debt of ₹7,094 crore and a cash and bank balance of ₹9,863 crore.

The logistics segment, including Navkar Corporation , delivered strong growth with revenue rising to ₹237 crore from ₹138 crore in Q1 FY2026. Operational EBITDA for the segment surged to ₹73 crore, driven by operating leverage and an expanding fleet of rakes. The ports segment revenue increased 11% to ₹1,208 crore, led by volume growth and a favorable product mix. JSW Infrastructure completed a ₹7,503 crore Qualified Institutional Placement (QIP) to secure growth capital and comply with SEBI's Minimum Public Shareholding requirements. It also secured a Moody's Baa3 rating with a Stable Outlook.

Q1 FY2027 Financial Performance

The table below summarises the key financial metrics for the quarter:

Key Operational Updates

• Capacity Expansion: South West Port capacity increased to 12 MTPA; Mangalore Container Terminal to 6.0 MTPA.
• New Projects: Secured Environmental Clearance for Murbe Port rail connectivity; commenced operations at Kolkata Container Terminal and Arakkonam GCT.
• Fundraising: Completed ₹7,503 crore QIP; achieved Moody's Baa3 investment grade rating.

Management Guidance and Long-Term Targets

During the post-results concall, management provided detailed guidance across key business segments. The company expects to handle approximately 127 million tonnes of cargo for FY27, accounting for the loss of cargo handling at Fujairah. Management reaffirmed operating EBITDA guidance of approximately ₹3,000 crore for FY27 and ₹5,000 crore for FY28.

On the logistics front, the company aims to scale its fleet to approximately 110 rail rakes and 140 container rakes, totalling around 250 rakes, over the next 2 to 3 years. The long-term ambition is to expand cargo handling capacity from 186 million tonnes per annum to 300 million tonnes by FY28 and 400 million tonnes per annum by FY2030 or earlier. The company has also outlined a capital expenditure plan of ₹30,000 crore to support this capacity build-out, with an additional ₹9,000 crore earmarked for expanding the logistics segment.

The table below captures the key guidance parameters shared by management: