Latest news with #JSWInfrastructure
&w=3840&q=100)
Business Standard
23-07-2025
- Business
- Business Standard
JSW Infra shares gain 3% as Q1 profit growth meets estimates; details here
Shares of JSW Infrastructure rose over 3 per cent on Wednesday after the company posted a jump in its net profit for the June quarter of the current financial year (Q1FY26). The port and port services firm's stock rose as much as 3.56 per cent during the day to ₹328.5 per share. The stock pared gains to trade 1.8 per cent higher at ₹323 apiece, compared to a 0.44 per cent advance in Nifty 50 as of 12:21 PM. Shares of the company have risen for the third straight session, and at day's high, the stock was at the highest level since January 6 this year. The counter has risen 1.5 per cent this year, compared to a 6.2 per cent advance in the benchmark Nifty 50. JSW Infra has a total market capitalisation of ₹67,809.05 crore, according to BSE data. JSW Infra Q1 results The Sajjan Jindal-promoted firm reported a 31.54 per cent Y-o-Y rise in net profit for Q1FY26, coming in at ₹384.68 crore. The growth was supported by a 5 per cent increase in cargo volumes, which reached 29.4 million tonnes during the quarter. The company's revenue from operations for the quarter also grew by 21.2 per cent Y-o-Y on the back of higher volumes. On the back of revenue growth, the earnings before interest, taxes, depreciation, and amortisation (Ebitda) increased by 10 per cent YoY, to ₹671 crore. The cargo volume increase in the quarter was driven by the robust performance at the company's coal terminals, along with contributions from interim operations at the Tuticorin Terminal and the Jawaharlal Nehru Port Authority (JNPA) liquid terminal. The growth was partially offset by lower cargo volumes at the iron ore terminal in Paradip. In Q1 FY25, the cargo volumes handled by the company had grown by 9 per cent Y-o-Y. JM Financial on JSW Infra Q1 results The Q1 performance was largely in line with estimates, with the management maintaining its FY26 volume growth guidance of 10 per cent, which JM Financial considers achievable. The brokerage views the company as a strong proxy for India's steel demand and the rising coastal coal movement. In addition to the announced capex pipeline of ₹40,000 crore, JSW Infra is estimated to have capacity to incur annual capex of ₹3,000–4,000 crore while maintaining its net debt-to-Ebitda ratio below the target of 2.5x, JM Financial said. With the commissioning of key projects such as Jatadhar and Keni, along with ongoing capex, JM Financial projects Ebitda could reach ₹8,000-10,000 crore by FY30. The brokerage also notes that if a QIP is undertaken to reduce promoter stake, it could support an additional ₹25,000 crore of capex. This could potentially add ₹90-100 per share to the target price, the brokerage. It has a 'Buy' rating with a target price of ₹385 per share.
Economic Times
23-07-2025
- Business
- Economic Times
JSW Infra shares in focus after Q1 profit rises 31% YoY to Rs 390 crore; revenue up 21%
Shares of JSW Infrastructure will be in focus on Wednesday after the company reported strong year-on-year growth in both profit and revenue for the first quarter of FY26. ADVERTISEMENT In an exchange filing post-market hours, the company said its consolidated net profit rose 31% YoY to Rs 389.57 crore in the June quarter, up from Rs 296.55 crore in the same period last year. However, profit declined on a quarter-on-quarter (QoQ) basis from Rs 515.58 crore reported in Q4FY25. Revenue from operations grew 21% YoY to Rs 1,223.85 crore, compared to Rs 1,009.77 crore in Q1FY25. Sequentially, revenue was nearly flat against Rs 1,283.18 crore in the March quarter. On the operating front, EBITDA rose 13% YoY to Rs 581 crore for the quarter. Also Read: Paytm stock rallies 122% in one year but still 53% below issue price. Can it reclaim its IPO glory? JSW Infra Volume Update ADVERTISEMENT JSW Infra handled 29.4 million tonnes of cargo during the quarter, reflecting a 5% YoY increase, primarily driven by strong coal handling operations at Ennore, PNP, and support came from robust performance at South West Port and Dharamtar Port, as well as interim operations at the Tuticorin terminal and JNPA liquid terminal. However, the growth was partially offset by lower cargo volumes at the Iron Ore terminal in Paradip. ADVERTISEMENT Notably, third-party cargo volumes grew 8% YoY, with their share in total volumes rising to 52%, up from 50% a year ago. JSW Infra share price target According to Trendlyne, the average target price for JSW Infra stands at Rs 333, suggesting a potential upside of nearly 5% from current levels. Of the 10 analysts tracking the stock, the consensus rating remains 'Buy'. ADVERTISEMENT Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
22-07-2025
- Business
- Business Standard
JSW Infra's Q1FY26 results: Profit jumps 31% amid cargo volume growth
Sajjan Jindal-promoted JSW Infrastructure (JSW Infra) posted a year-on-year (YoY) increase of 31.54 per cent in its profit (attributable to the owners of the company) for Q1 FY26 amid a 5 per cent growth in the cargo volume handled by the company, helped by the integration of Navkar Corporation. The company's profit stood at Rs 384.68 crore, marginally missing the Bloomberg analysts' poll estimate of Rs 387 crore. Meanwhile, the cargo volumes handled by the company stood at 29.4 million tonnes. The cargo volume increase in the quarter was driven by the robust performance at the company's coal terminals, along with contributions from interim operations at the Tuticorin Terminal and the Jawaharlal Nehru Port Authority (JNPA) liquid terminal, which is estimated to be completed in Q2 FY26. However, this growth was partially offset by lower cargo volumes at the iron ore terminal in Paradip. In Q1 FY25, the cargo volumes handled by the company had grown by 9 per cent YoY. Rinkesh Roy, Joint Managing Director and Chief Executive Officer, during the company's earnings call on Tuesday (22 July), said, 'This growth aligns with our historical trends, where cargo volumes in the second half of the year typically exceed those in the first half. We remain on track to achieve the annual guidance of 10 per cent growth over the last year.' The company's revenue from operations for the quarter also grew by 21.2 per cent YoY on the back of higher volumes, a strong performance by Navkar Corp, and a change in the realisation mix. It stood at Rs 1,223.85 crore, topping the estimate of Rs 1,192.2 crore. JSW Infra, through its wholly owned subsidiary JSW Port Logistics, had acquired a 70.37 per cent stake in Navkar Corporation for Rs 1,012 crore in June 2024. The total expenses during the quarter increased by about 18.12 per cent YoY, to Rs 841.14 crore. On the back of revenue growth, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 10 per cent YoY, to Rs 671 crore, with a margin of 51.1 per cent. The EBITDA margin stood at 55.1 per cent in Q1 FY25. In Q1 FY26, third-party cargo handled by the company grew by 8 per cent YoY to 15.3 million tonnes (mt). Its share in the total cargo handled by the company stood at 52 per cent, against 50 per cent in Q1 FY25. In FY26, the company has planned a capex of Rs 4,000 crore for ports and Rs 1,500 crore for the logistics business. It is aiming for a 10 per cent growth in port volumes and a 50 per cent growth in logistics revenue. The company handled a cargo of 117 million tonnes in FY25, up 9 per cent YoY, while its logistics revenue stood at Rs 250 crore. It aims to expand its total capacity to 400 million tonnes per annum by FY30 or earlier with a capex plan of Rs 30,000 crore for ports and Rs 9,000 crore for the logistics business (FY25-FY30). JSW Infra's current cargo handling capacity is around 177 mtpa. JSW Infra's cash and bank balance is Rs 4,360 crore as of June 2025. Its net debt stands at around Rs 1,246 crore, and its net debt to operating EBITDA ratio is 0.54x. Sequentially, the company's revenue dipped by 4.62 per cent, while profit declined by 24.5 per cent. Its shares, listed on the Bombay Stock Exchange, closed at Rs 317.25 per equity share on Tuesday (22 July).
Business Standard
22-07-2025
- Business
- Business Standard
JSW Infrastructure consolidated net profit rises 31.54% in the June 2025 quarter
Sales rise 21.20% to Rs 1223.85 croreNet profit of JSW Infrastructure rose 31.54% to Rs 384.68 crore in the quarter ended June 2025 as against Rs 292.44 crore during the previous quarter ended June 2024. Sales rose 21.20% to Rs 1223.85 crore in the quarter ended June 2025 as against Rs 1009.77 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 21 OPM %47.4950.97 -PBDT616.02526.22 17 PBT472.56391.64 21 NP384.68292.44 32 Powered by Capital Market - Live News
&w=3840&q=100)
Business Standard
16-07-2025
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty down; Asia drops; Trump tariffs, TechM, ITC Hotels Q1 in focus
Sensex Today | Stock Market LIVE on Wednesday, July 16, 2025: Around 7:00 AM, GIFT Nifty futures were trading 88 points lower at 25,178, indicating a negative start for the bourses. 7:11 AM Stock Market LIVE Updates: JSW Infra likely to consider QIP, FPO to dilute promoters' stake Stock Market LIVE Updates: Sajjan Jindal-owned JSW Infrastructure (JSW Infra) may evaluate options such as qualified institutional placement (QIP) and follow-on public offering (FPO) to dilute the promoter's stake in the company in line with Securities and Exchange Board of India (Sebi) norms. Sajjan Jindal, chairman, non-executive director, and individual promoter of JSW Infra, said at the company's annual general meeting on Tuesday: 'We will evaluate options, including qualified institutional placement and follow-on public offering, based on the capital expenditure requirements, prevailing market conditions, and in alignment with the long-term interest of the shareholders.' READ MORE 7:10 AM Stock Market LIVE Updates: US inflation meets expectations, but that's not necessarily good Stock Market LIVE Updates: Expectations are a funny thing. When we say that something meets expectations, we tend to mean it in a positive way, suggesting that a hurdle has been cleared or the result is welcome. But what happens when we expect something bad, and the outcome meets expectations? The US consumer price index in June, as reported by the Bureau of Labor Statistics Tuesday, matched the Dow Jones consensus estimate. And there was even a pleasant surprise: Core inflation, which excludes volatile food and energy prices, rose 0.2 per cent on the month, which was 0.1 percentage points below expectations. That said, both the headline and core inflation numbers, on an annual basis, hit their highest since February. 7:08 AM Stock Market LIVE Updates: HDFC Life Q1 net profit rises 14% to ₹546 cr on premium growth Stock Market LIVE Updates: HDFC Life Insurance on Tuesday reported a 14.23 per cent year-on-year (Y-o-Y) increase in net profit to ₹546 crore in the April-June quarter of 2025-26 (Q1FY26), aided by growth in renewal premium. Its net profit stood at ₹478 crore in Q1FY25. The renewal premium of the insurer grew by 19 per cent Y-o-Y to ₹7,603 crore, with 15 per cent growth in back book profits. READ MORE 7:07 AM Stock Market LIVE Updates: U.S. President Donald Trump on Tuesday said letters notifying smaller countries of their US tariff rates would go out soon, adding that his administration would likely set a tariff of 'a little over 10 per cent' for those countries. Trump, speaking to reporters after his arrival from an event in Pittsburgh, said he was very happy with 'simple deals' already announced that set blanket tariff rates for more than 20 countries and would address tariffs for remaining countries soon. 'We'll be releasing a letter soon, talking about many countries that are much smaller,' he said. 'We'll probably set one tariff for all of them ... probably a little over 10 per cent.' 7:06 AM Stock Market LIVE Updates: Trump says Indonesia trade deal features 19% tariff; Jakarta yet to confirm Stock Market LIVE Updates: President Donald Trump on Tuesday said he reached a preliminary trade deal with Indonesia that will set a 19 per cent tariff on the southeast Asian country's US exports. 'We will pay no tariffs. So they are giving us access into Indonesia, which we never had,' Trump told reporters outside the White House. 'That's probably the biggest part of the deal. And the other part is they are going to pay 19 per cent,' he said. 7:05 AM Stock Market LIVE Updates: ACKO selected as preferred insurance partner for Tesla customers in India Stock Market LIVE Updates: ACKO on Tuesday said it has been selected as the preferred insurance partner for Tesla, which has made an entry into India by opening its first showroom in Mumbai's Bandra Kurla Complex (BKC). With this strategic collaboration, Tesla owners in India will have a fully integrated journey — quote to cover to claim — done digitally, the insurer said. 'At the heart of this association lies a common goal: to simplify car-ownership through intelligent technology. By embedding insurance directly into the car-buying experience, Tesla and ACKO aim to reduce complexity, enhance customer convenience, and accelerate the adoption of electric vehicles in India,' ACKO said in its press release. Tesla will roll out its Model Y electric car with a starting price of ₹60 lakh. It is the first product available in India under the Tesla brand. READ MORE 7:04 AM Stock Market LIVE Updates: DoT may stick to Trai's satellite spectrum pricing recommendations Stock Market LIVE Updates: The Department of Telecommunications (DoT) is not considering any changes to the satellite spectrum pricing recommendations by the Telecom Regulatory Authority of India (Trai), despite opposition from telecom operators, which argue that the proposed charges are 'unfair' and 'unjustifiably low', according to government officials in the know. Under the Trai recommendations, satellite communications (satcom) providers would be required to pay 4 per cent of their adjusted gross revenue (AGR), in addition to an annual fee of ₹3,500 per megahertz and ₹500 per urban subscriber. READ MORE 7:02 AM Stock Market LIVE Updates: RBI monetary policy: August rate cut hopes get a fillip, says BS poll Stock Market LIVE Updates: The prospects of a further easing in policy rates by the Reserve Bank of India's Monetary Policy Committee (MPC) have become brighter with the headline retail inflation plummeting to a 77-month low of 2.1 per cent in June. While most economists expect the next rate cut to be effected in October or December, the probability of a reduction as early as August has also heightened. Irrespective of the timing, the hopes of more rate cuts on top of the 100 basis points (bps) of reductions effected since February to bring the policy rate to 5.5 per cent, are also fueled by expectations that retail inflation through this financial year (FY2026) may undershoot the RBI's projection of an average 3.7 per cent uptick in the key price gauge. Most economists have lowered their FY26 retail price rise projection after June's Consumer Price Index (CPI) was released on Monday. READ MORE 6:59 AM Stock Market LIVE Updates: Wall Street ends mixed
