JSW Infrastructure Plans Rs 5,500 Crore Capex for FY26; Q2 Profit Declines 3.5%

JSW Infrastructure , a key player in India's port and logistics sector, has unveiled ambitious expansion plans for the fiscal year 2026 (FY26) while reporting a mixed financial performance for the second quarter of the current fiscal year.

Capex Plans

The company has announced a significant capital expenditure plan of Rs 5,500 crore for FY26:

Business Segment	Capex Allocation (in Rs crore)
Port Business	4,000
Logistics Operations	1,500

This substantial investment underscores JSW Infrastructure's commitment to strengthening its position in both port and logistics sectors.

Q2 Financial Performance

For the quarter ended September 30, JSW Infrastructure reported:

Metric	Q2 FY26 (in Rs crore)	YoY Change
Profit After Tax	369	-3.5%
Total Revenue	1,372	+26%
Consolidated EBITDA	716	+18%
Operational Revenue	1,266	+26%

The company attributes the revenue growth to higher port throughput and improved logistics performance.

H1 FY26 Highlights

Capital Expenditure: Approximately Rs 902 crore
Cargo Handled: 58.2 million tonnes (April-September period)
Cargo Growth: 4% year-on-year

It's worth noting that the company faced challenges in the iron ore export market, resulting in a shortfall of 3.4 million tonnes at one terminal.

Long-term Financial Position

The LODR data provides insights into JSW Infrastructure's financial position as of September 30:

Metric	Consolidated (in Rs crore)	Standalone (in Rs crore)
Net Worth	9,836.25	5,183.62
Reserves	9,787.67	4,767.52
Paid-up Equity Share Capital	416.28	416.28

These figures indicate a strong financial foundation, supporting the company's ambitious expansion plans.

JSW Infrastructure's strategic investments and consistent operational growth, despite challenges in certain market segments, reflect its resilience and long-term vision in the infrastructure sector. The company's ability to maintain revenue growth while planning significant capital expenditure demonstrates its confidence in future market opportunities and its capacity to leverage its strengths in the port and logistics domains.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.80%	-3.19%	-9.60%	-2.12%	-8.82%	+88.94%

JSW Infrastructure Limited , India's second-largest private commercial port operator, has unveiled ambitious targets for fiscal year 2030 (FY30), aiming to significantly expand its operations and financial performance.

Capacity and Revenue Targets

JSW Infrastructure has set its sights on achieving a cargo handling capacity of 400 million tonnes by FY30, a substantial increase from its current capacity. This expansion plan is part of the company's broader strategy to strengthen its position in the port and logistics sector.

In addition to capacity growth, JSW Infrastructure has outlined aggressive financial goals:

Logistics Revenue: ₹8,000.00 crore target for FY30
EBITDA Margin in Logistics: 25% target for FY30
Consolidated Margins: Expected to range between 45% to 50%

Near-Term Projections

For the more immediate future, JSW Infrastructure has provided guidance for fiscal year 2026 (FY26):

Cargo Volume Growth: Expected 8-10% increase, subject to iron ore market conditions
Logistics Business Revenue: Projected ₹7.00-8.00 billion
EBITDA Targets:
- Overall: ₹1.00 billion
- Navkar Subsidiary: ₹100.00 crore

Q2 FY2026 Performance Highlights

The company has also released its financial results for the second quarter of FY2026, demonstrating strong growth:

Metric	Q2 FY2026	YoY Change
Total Revenue	₹1,372.00 Crore	+26%
EBITDA	₹716.00 Crore	+18%
Cargo Handled	28.90 Million Tonnes	+3%

Strategic Developments

JSW Infrastructure has made several strategic moves to support its growth objectives:

Successful public hearings for proposed Greenfield ports at Keni (Karnataka) and Murbe (Maharashtra).
Acquisition of an 86-acre brownfield rail siding in Kudathini, Ballari (Karnataka) for development into a Multi-Modal Logistics Park.
Signing of a 30-year Concession Agreement for reconstruction and mechanisation of berths at Syama Prasad Mookerjee Port, Kolkata.
Announcement of a new multi-modal logistics park in Kudathini, Karnataka, scheduled to open within 2-3 months.

Financial Position

The company reports a strong balance sheet with:

Net Debt: ₹1,810.00 Crore
Cash and Bank Balance: ₹3,088.00 Crore
Gross Debt: ₹4,898.00 Crore
Net Debt to Operating EBITDA ratio: 0.75x

JSW Infrastructure has also secured an Investment Grade Rating (BBB-/Stable) from S&P Global Ratings and Fitch Ratings, underscoring its financial stability and growth potential.

As JSW Infrastructure continues to expand its capacity and diversify its operations, the company appears well-positioned to capitalize on the growing demand in India's port and logistics sector.