JSW Infrastructure , India's second-largest private port operator, has reported a robust performance for the second quarter, with significant growth in cargo handling and financial metrics.

Strong Operational Performance

JSW Infrastructure handled 28.9 million tonnes of cargo in Q2, marking a substantial 73% year-on-year growth. For the first half, the company reported a total cargo handling of 58.2 million tonnes, representing a 4.4% increase compared to the same period last year.

Financial Highlights

The company's financial performance for Q2 showed impressive growth:

For H1, the financial results were equally strong:

Robust Balance Sheet

JSW Infrastructure maintains a strong financial position with:

• Net debt of ₹1,810.00 crore
• Cash reserves of ₹3,088.00 crore
• Net Debt to Operating EBITDA ratio of 0.75x (on a trailing twelve-month basis)

The company has secured investment-grade ratings (BBB-/Stable) from S&P Global Ratings and Fitch Ratings, reflecting its financial stability.

Expansion Plans

JSW Infrastructure has outlined ambitious expansion plans to increase its capacity from the current 177 million tonnes per annum (mtpa) to 400 mtpa by FY30. Several projects are currently under construction, including:

• Terminals at Tuticorin
• JNPA (Jawaharlal Nehru Port Authority)
• Kolkata

The company has also signed concession agreements for new projects and completed public hearings for greenfield ports at Keni and Murbe.

Strategic Acquisitions and Developments

In a move to strengthen its logistics capabilities, JSW Infrastructure has:

• Acquired an 86-acre brownfield rail siding in Kudathini, Ballari (Karnataka)
• Plans to transform this site into a state-of-the-art Multi-Modal Logistics Park (MMLP)

Additionally, the company signed a 30-year Concession Agreement with Syama Prasad Mookerjee Port Authority, Kolkata for the reconstruction and mechanization of berths with a total capacity of 0.45 million TEUs (6.3 MTPA).

Awards and Recognition

JSW Infrastructure's commitment to excellence has been recognized with several awards:

• "Best Overall Sustainable Performance" at the CMO Asia Sustainability Leadership Awards
• "Best Brand in Ports Sector" at the 10th ETNow Infra Focus Summit & Awards
• Mangalore Coal Terminal awarded Uttama Suraksha Puraskara for excellence in safety practices by National Safety Council – Karnataka Chapter

As JSW Infrastructure continues to expand its operations and improve its financial performance, it remains well-positioned to capitalize on India's growing infrastructure needs and the government's focus on port-led development.

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:

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:

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:

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.