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 , a key player in India's port infrastructure sector, announced that its subsidiary Ennore Coal Terminal Private Limited (ECTPL) has received a Goods and Services Tax (GST) show cause notice amounting to ₹96.58 crore from the Chennai tax authorities.

Details of the Notice

The notice, issued by the Joint Commissioner, Office of The Commissioner of GST and Central Excise, Audit - II Commissionerate, Chennai, Tamil Nadu, alleges tax contraventions during the period from April 2019 to March 2024. ECTPL has been given 30 days to respond and show cause as to why the GST amount, along with applicable interest and penalty, should not be demanded.

Company's Response

JSW Infrastructure has stated that the notice has no material impact on the company's financial, operational, or other activities. The company maintains that it has strong legal and factual grounds to contest the proceedings.

In an official statement, JSW Infrastructure said, "The Company firmly believes that it maintains strong legal and factual grounds and is fully prepared to address and contest the aforesaid SCN for any future proceedings, should they be initiated by the Authorities against the Company."

Market Reaction

The news of the GST notice appears to have had a minimal impact on JSW Infrastructure's stock price. As of the latest trading session, JSW Infrastructure shares closed at ₹322.65 on the Bombay Stock Exchange (BSE), down by a marginal 0.06%.

Implications and Next Steps

While the company asserts that the notice will not materially affect its operations, the substantial amount involved (₹96.58 crore) underscores the importance of the matter. ECTPL will need to present its case within the 30-day window provided by the tax authorities.

The outcome of this case could have implications for other companies in the infrastructure and port operations sector, particularly regarding GST compliance and interpretation of tax laws in the context of port services.

Investors and industry observers will be closely watching how JSW Infrastructure and its subsidiary handle this tax issue, as it could set a precedent for similar cases in the future.