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Time of India
16-05-2025
- Business
- Time of India
jsw infrastructure: Government of Singapore buys 1.84 crore shares in JSW Infrastructure worth Rs 531 crore via block deal
ADVERTISEMENT The Government of Singapore on Friday bought over 1.84 crore shares of JSW Infrastructure worth Rs 531 crore via a block deal . The shares were bought at a price of Rs 288.1 which was at a discount of nearly 3% from the Thursday closing price of Rs Government of Singapore held 1.49% stake in the company at the end of March 31, 2025 ended of JSW Infrastructure have fallen 11% so far in 2025 while gaining by 11% over a 1-year period. It has been a market underperformer with headline index Nifty gaining 5.3% on the year-to-date basis while rising by 12% over a 12-month Infrastructure shares are now trading below their 50-day and 200-day simple moving averages (SMAs). It has traded with high volatility with a 1-year beta of company reported a profit after tax (PAT) of Rs 516 crore in Q4FY25 which was up 57% YoY while the full year PAT stood at Rs 1,521 crore, up 31% total revenue increased by 14% YoY to Rs 1,372 crore while for FY25, it increased by 20% YoY to Rs 4,829 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 730 crore which is an increase of 7% YoY. EBITDA for the full year was at Rs 2,615 crore which is an increase of 17% company handled cargo volumes of 31.2 million tonnes, which was up 5% YoY. The volume increase was mainly due to robust performance at the coal terminals in Mangalore, Ennore, and Paradip, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal. However, this growth was partially offset by reduced cargo volumes at the Iron Ore terminal in increase in the third-party volume was stronger with 11% year-on-year growth and the share of Third Party in the overall volumes stood at 50% vs 47% a year ago.
Time of India
16-05-2025
- Business
- Time of India
JSW Infrastructure promoter entity pares 2% stake for Rs 1,210 crore
New Delhi, Sajjan Jindal Family Trust , one of the promoters of JSW Infrastructure , on Friday divested a 2 per cent stake in the company for Rs 1,210 crore through an open market transaction. The latest transaction came as the promoter entity has to comply with market regulator Sebi's minimum public shareholding (MPS) norms. According to the bulk deal data available on the National Stock Exchange (NSE), Sajjan Jindal Family Trust (through its trustees Sajjan Jindal and Sangita Jindal) sold 4.2 crore shares, amounting to a 2 per cent stake in Mumbai-based JSW Infrastructure . Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo The shares were offloaded at an average price of Rs 288.21 apiece, taking the transaction value to Rs 1,210.48 crore. After the latest transaction, Sajjan Jindal Family Trust's holding in JSW Infra has declined to 78.72 per cent from 80.72 per cent. Also, the promoter and promoter group entities' stake has reduced to 83.62 per cent from 85.62 per cent in the company. Meanwhile, the Singapore government picked up an additional 1.84 crore shares or 0.9 per cent stake in JSW Infrastructure for Rs 531 crore. Live Events The shares were picked up at an average price of Rs 288.10 per piece, taking the deal value to Rs 531.47 crore. Details of the other buyers of JSW Infrastructure's shares could not be identified on the NSE. On Friday, shares of JSW Infrastructure slipped 2.93 per cent to close at Rs 288.35 apiece on the NSE. In a filing on May 9, Sajjan Jindal Family Trust said, "We intend to sell up to a maximum of 2 per cent of the total paid up equity share capital of the company, aggregating to 4.2 crore equity shares, in a single or multiple tranches, over a period beginning from May 13, 2025, or onwards till March 31, 2026, subject to any other permissible methods of meeting minimum public shareholding in terms of the applicable law". JSW Infrastructure, which made its stock market debut on October 3, 2023, has witnessed an 18 per cent increase in its share price over the past year. As per Sebi's norms, all listed companies are mandated to maintain a minimum public shareholding of 25 per cent within a stipulated time frame following their listing. Newly listed firms are typically granted a three-year window to meet this requirement. JSW Infrastructure is part of the Sajjan Jindal led-JSW Group and is the second largest private commercial port operator in India with a capacity of 177 million tonnes per annum (mtpa).
Economic Times
16-05-2025
- Business
- Economic Times
Government of Singapore buys 1.84 crore shares in JSW Infrastructure worth Rs 531 crore via block deal
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Government of Singapore on Friday bought over 1.84 crore shares of JSW Infrastructure worth Rs 531 crore via a block deal . The shares were bought at a price of Rs 288.1 which was at a discount of nearly 3% from the Thursday closing price of Rs Government of Singapore held 1.49% stake in the company at the end of March 31, 2025 ended of JSW Infrastructure have fallen 11% so far in 2025 while gaining by 11% over a 1-year period. It has been a market underperformer with headline index Nifty gaining 5.3% on the year-to-date basis while rising by 12% over a 12-month Infrastructure shares are now trading below their 50-day and 200-day simple moving averages (SMAs). It has traded with high volatility with a 1-year beta of company reported a profit after tax (PAT) of Rs 516 crore in Q4FY25 which was up 57% YoY while the full year PAT stood at Rs 1,521 crore, up 31% total revenue increased by 14% YoY to Rs 1,372 crore while for FY25, it increased by 20% YoY to Rs 4,829 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 730 crore which is an increase of 7% YoY. EBITDA for the full year was at Rs 2,615 crore which is an increase of 17% company handled cargo volumes of 31.2 million tonnes, which was up 5% YoY. The volume increase was mainly due to robust performance at the coal terminals in Mangalore, Ennore, and Paradip, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal. However, this growth was partially offset by reduced cargo volumes at the Iron Ore terminal in increase in the third-party volume was stronger with 11% year-on-year growth and the share of Third Party in the overall volumes stood at 50% vs 47% a year ago.
Time of India
16-05-2025
- Business
- Time of India
Government of Singapore buys 1.84 crore shares in JSW Infrastructure worth Rs 531 crore via block deal
The Government of Singapore on Friday bought over 1.84 crore shares of JSW Infrastructure worth Rs 531 crore via a block deal . The shares were bought at a price of Rs 288.1 which was at a discount of nearly 3% from the Thursday closing price of Rs 296.70. The Government of Singapore held 1.49% stake in the company at the end of March 31, 2025 ended quarter. Shares of JSW Infrastructure have fallen 11% so far in 2025 while gaining by 11% over a 1-year period. It has been a market underperformer with headline index Nifty gaining 5.3% on the year-to-date basis while rising by 12% over a 12-month period. JSW Infrastructure shares are now trading below their 50-day and 200-day simple moving averages (SMAs). It has traded with high volatility with a 1-year beta of 1.3. The company reported a profit after tax (PAT) of Rs 516 crore in Q4FY25 which was up 57% YoY while the full year PAT stood at Rs 1,521 crore, up 31% YoY. Company's total revenue increased by 14% YoY to Rs 1,372 crore while for FY25, it increased by 20% YoY to Rs 4,829 crore. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 730 crore which is an increase of 7% YoY. EBITDA for the full year was at Rs 2,615 crore which is an increase of 17% YoY. The company handled cargo volumes of 31.2 million tonnes, which was up 5% YoY. The volume increase was mainly due to robust performance at the coal terminals in Mangalore, Ennore, and Paradip, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal. However, this growth was partially offset by reduced cargo volumes at the Iron Ore terminal in Paradip. The increase in the third-party volume was stronger with 11% year-on-year growth and the share of Third Party in the overall volumes stood at 50% vs 47% a year ago.
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Business Standard
16-05-2025
- Business
- Business Standard
Adani Ports, JSW Infra make logistics anchor for cargo growth plans
Adani Ports and JSW Infrastructure, India's leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. 'With incrementally less availability of lucrative port assets that can drive cargo volumes, port operators have naturally shifted their focus on deriving value in the upstream integration, i.e., the logistics space. The synergies being derived through end-to-end service capability for importing or exporting cargo, along with handling of the domestic cargo, are driving port operators to invest in building hinterland assets,' said Varun Gogia, assistant vice-president & sector head, corporate ratings, Icra. Adani Ports and Special Economic Zone (APSEZ), India's top private port operator, has 12 multimodal logistics parks (MMLPs), 132 rakes, more than 3 million square feet of warehousing space, around 6,000 containers, and 937 trailers and tipper trucks. It has 18,250 hectares of industrial land and is building a bank of over 1,528 acres at various industrial clusters, which are integrated with hinterland logistics (like rail and road). APSEZ's management, in earnings' call for Q4 FY25, said it aims to become an integrated transport utility company. The company has a truck-management platform and a freight-forwarding business. 'These are capitalised businesses. They come with very high return on capital employed (ROCE),' said D Muthukumaran, chief financial officer (CFO) of APSEZ, adding that growth in logistics is likely to be inorganic (business growth from acquisitions). JSW Infrastructure (JSW Infra) acquired a majority stake in Navkar Corporation, a logistics firm, for Rs 1,644 crore in FY25. Lalit Singhvi, whole-time director and CFO of JSW Infra, told 'Business Standard' earlier the company is looking for more inorganic opportunities in logistics and has submitted bids to the National Company Law Tribunal for acquisitions. JSW Infra has two Gati Shakti Cargo Terminals (GCT) and plans to participate in more such opportunities to build a nationwide logistics network of 15-20 GCT centres in five years to have an 'industry-leading ROCE'. The company aims to use 100 acres of undeveloped land in Panvel, Maharashtra, and Morbi, Gujarat, for its logistics plans. It seeks a logistics revenue of Rs 8,000 crore and a 25 per cent ebitda margin by FY30, led by adopting an asset-light model via GCTs, synergies with the JSW Group, opportunities in the logistics sector, and major cleanup in accounts, said analysts at Ellara Capital in a note. (Ebitda stand for earnings before interest, taxes, depreciation, and amortisation) The logistics strategies of APSEZ and JSW Infra are a natural extension of their port businesses, according to experts. The companies seek to earn more from customers by offering 'end-to-end solutions', improved port efficiency, and more cargo volumes. Manish Goel, founder and managing director (MD) of Equentis Wealth Advisory Services, said, 'APSEZ benefits from scale, a pan-India port presence, and early investments in multi-modal connectivity and warehousing, making it one of the few players capable of offering genuine end-to-end solutions. Meanwhile, JSW Infra leverages the group's industrial backbone. With steady captive cargo and access to in-house infrastructure, it enjoys operational certainty and volume visibility—two critical ingredients in logistics.' APSEZ's FY25 logistics revenue grew 38.6 per cent to Rs 2,881 crore, while ebitda increased 18.9 per cent to Rs 642 crore. Margins declined to 22 per cent from 26 per cent in FY24. Expansion will reduce overall ebitda percentage but increase ROCE, the company said. It has guided trucking revenue, which was Rs 428 crore in FY25, to grow at least three-fold in FY26. JSW Infra reported a logistics revenue of Rs 250 crore and ebitda of Rs 41 crore in FY25. It has guided FY26 logistics revenue to grow 50 per cent, driven by rake additions, terminals, and GCT initiatives. The expansion plans of the two companies may have mixed financial implications as logistics is a low-margin business, experts said. According to Vijay Agrawal, MD - investment banking at Equirus Capital, ports give ebitda margins of 60-70 per cent and ROCE of 12-17 per cent. Logistics generates lower ebitda (15-25 per cent) and ROCE (12-15 per cent). 'For example, APSEZ's logistics contribute 12 per cent of revenue but only 4 per cent of ebitda. JSW Infra is better positioned with low leverage and a 54 per cent margin at the group level, though logistics returns are yet to materialise fully.' APSEZ plans a multi-year capital expenditure of Rs 20,000 crore to Rs 20,500 crore in land, new trucks, agriculture silos, trains, MMLPs, and warehouses. JSW Infra has earmarked Rs 9,000 crore for expanding its logistics business between FY25 and FY30. Goel believes that such huge capital outlays by operators is a risk. 'For APSEZ, logistics yields around 18 per cent ebitda margin — lower than core port operations. As capital intensity rises, this margin pressure could dilute overall profitability. The company's net debt-to-Ebitda ratio is also expected to increase, adding to financial strain.' There are challenges like a volatile trade environment, potential delays in land acquisition, regulatory clearances and scarcity of skilled human capital. However, the experts believe the two companies' logistics plans are worth it, as they are long-term investments with strategic methods of expansion. Pratik Mundhada, director at India Ratings & Research, said, most port operators follow an asset-light model for positive impact on ROCE. APSEZ and JSW Infra aim to use logistics for better cargo movement and eliminating middlemen and agents. Agrawal, of Equirus Capital, believes the companies' plans may dilute short-term returns, but are viable for the long term due to India's logistics demand and policy support. "These investments will yield results on an overall basis with increased throughput at the port, operational efficiencies, and top line."
