JSW Infrastructure Limited , a key player in India's infrastructure sector, has released its financial results for the second quarter of fiscal year 2026. The company reported strong growth across various metrics, demonstrating its resilience and operational efficiency in the infrastructure sector.

Financial Highlights

JSW Infrastructure's Q2 FY2026 results showcase significant improvements:

• Total revenue reached ₹1,372.00 crore, marking a 26% year-on-year increase
• EBITDA grew by 18% to ₹716.00 crore
• Operational EBITDA increased by 17% to ₹610.00 crore
• Profit after tax stood at ₹369.00 crore

Operational Performance

The company demonstrated strong operational performance:

• Handled 28.90 million tonnes of cargo, representing a 3% increase
• Volume growth driven by strong performance at South West Port, Jaigarh Port, and Dharamtar Port
• Paradip Iron Ore terminal experienced a 2.10 million tonnes shortfall due to weak seaborne iron ore export conditions

Financial Stability

JSW Infrastructure maintains a robust financial position:

• Cash and cash equivalents of ₹3,088.00 crore
• Net debt to operating EBITDA ratio of 0.75x
• Received investment grade ratings of BBB-/Stable from S&P Global Ratings and Fitch Ratings

Subsidiary Performance

Navkar Corporation, a subsidiary, showed impressive growth:

• EXIM cargo volumes reached 79,000 TEUs, up 20%
• Domestic cargo volumes increased to 394,000 metric tonnes, up 46%

Strategic Developments

JSW Infrastructure continues to expand its operations:

• Completed public hearings for proposed Greenfield ports at Keni and Murbe
• Acquired an 86-acre rail siding in Ballari for ₹57.00 crore
• Signed a 30-year concession agreement for container berths at Netaji Subhas Dock, Kolkata

These results and developments underscore JSW Infrastructure's strong position in the market and its continued focus on growth and expansion in the infrastructure sector. The company's ability to maintain robust financial performance while pursuing strategic initiatives positions it well for future success in India's evolving infrastructure landscape.

JSW Infrastructure Limited announced that its subsidiary Ennore Coal Terminal Private Limited (ECTPL) has received a GST order demanding ₹96.58 crore from Chennai tax authorities. The development follows an earlier show cause notice issued in September 2025, with the matter now progressing to a formal order stage.

Order Details and Timeline

The order was received on December 30, 2025, at around 11:00 AM via speed post. It was dated December 22, 2025, and passed by the Additional Commissioner of Central Tax, Office of The Commissioner of GST and Central Excise, Chennai Outer, Tamil Nadu.

Nature of Allegations

The order alleges short payment of GST during the period from April 2019 to March 2024. The authorities have invoked provisions under Section 74 read with Section 122(2)(b) of the CGST Act, 2017/TNGST Act, 2017 read with Section 20 of IGST Act, 2017.

Company's Response Strategy

JSW Infrastructure has announced its intention to file an appeal against the order. The company maintains confidence in its legal position, stating it has strong legal and factual grounds to contest the order before appellate authorities.

Financial and Operational Impact

The company has clarified that there is no material impact on its financial, operational, or other activities, except for the payment of 10% of the tax demanded as a pre-deposit for filing the appeal. This pre-deposit requirement amounts to approximately ₹9.66 crore, which represents the only immediate financial obligation for the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and follows the SEBI Master Circular dated November 11, 2024. This represents a continuation of the company's earlier intimation dated September 29, 2025, regarding the initial show cause notice.