JSW Infrastructure, India's second-largest private port operator, has released its latest investor presentation, showcasing robust financial performance for Q1 and outlining ambitious growth strategies for the future.

Financial Highlights

The company reported impressive year-on-year growth across key financial metrics:

• Total revenue increased by 19% to ₹1,314.00 crore
• Operating revenue rose by 21% to ₹1,224.00 crore
• EBITDA grew by 10% to ₹671.00 crore
• Profit After Tax (PAT) surged by 31% to ₹390.00 crore

Operational Performance

JSW Infrastructure handled a total cargo of 29.4 million tonnes (MT) in Q1, marking a 5% increase from the previous year. Notably, the share of third-party cargo volume expanded to 52%, up from 50% in the same quarter of the previous year, indicating the company's growing appeal to external customers.

Strategic Expansion and Future Outlook

The company has set an ambitious target to increase its port capacity from the current 177 million tonnes per annum (mtpa) to approximately 400 mtpa by FY30. This growth strategy includes:

1. Brownfield expansions of existing ports
2. Development of new greenfield ports
3. Strategic acquisitions
4. Participation in port privatization bids

Key ongoing projects include:

• Development of Jatadhar Port (30 mtpa capacity)
• Expansion at Tuticorin Port (7 mtpa capacity)
• Construction of liquid cargo berths at JNPA (4.5 mtpa capacity)
• Slurry pipeline project in Odisha (30 mtpa capacity)

Diversification into Logistics

JSW Infrastructure is also making significant strides in the logistics sector through its subsidiary, Navkar Corporation Ltd. The logistics segment showed strong growth in Q1:

• ICD (Inland Container Depot) volume increased by 31% to 19,000 TEUs
• CFS (Container Freight Station) volume grew by 11% to 275,000 TEUs

The company aims to achieve a revenue of ₹8,000.00 crore from its logistics business by FY30.

Sustainability Initiatives

JSW Infrastructure continues to focus on sustainability, reporting improvements in key environmental metrics:

• Reduced GHG emission intensity to 0.84 Kg CO2e/tch in Q1
• Increased waste recycling to 45.8% in Q1
• Generated 6,303 MWh of renewable energy in Q1

Conclusion

With its strong financial performance, strategic expansion plans, and focus on sustainability, JSW Infrastructure is well-positioned to capitalize on India's growing infrastructure needs and port sector opportunities. The company's diversification into logistics and commitment to increasing third-party cargo handling further strengthen its market position as a leading integrated port and logistics player in India.

Navkar Corporation Limited , a prominent player in the logistics sector, has announced the resumption of its warehousing operations following a recent order from the Commissioner of Customs. The company's Open Bonded Area, located in Ajivali Village, Raigad District, has had its suspension lifted, marking a significant development for the corporation's operational capabilities.

Penalty Imposed and Suspension Lifted

The Commissioner of Customs has revoked the suspension of warehousing operations at Navkar Corporation's Open Bonded Area. However, this decision comes with a financial repercussion for the company. A penalty of Rs. 1.50 lakh has been imposed under section 117 of the Customs Act, 1962.

Operational Impact

With the revocation of the suspension, Navkar Corporation is set to resume operational activities at its Open Bonded Area. This facility is strategically located at Yard II Survey No. 138/1 (Old Survey No. 137/1a/a), Ajivali Village, Old Mumbai - Pune NH 4, Taluka Panvel, District Raigad.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Navkar Corporation has promptly informed the stock exchanges about this development. The company's disclosure highlights its commitment to transparency and adherence to regulatory norms.

Previous Suspension

It's worth noting that this recent order follows a previous communication from the company, which had informed stakeholders about the initial suspension of operations at the same facility.

Financial Implications

While the resumption of operations is expected to positively impact the company's activities, the imposed penalty of Rs. 1.50 lakh represents a minor financial setback. However, the ability to restart warehousing operations at the Open Bonded Area is likely to outweigh this one-time penalty in terms of operational benefits.

Investors and stakeholders will be keenly watching how this development affects Navkar Corporation's performance in the coming quarters, as the resumption of warehousing operations could potentially contribute to the company's revenue streams and operational efficiency.