JSW Infrastructure Ltd, part of the JSW Group, announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), reporting a 26.4% year-on-year rise in revenue but a slight decline in profitability due to higher operating costs and margin compression.
Revenue Growth Driven by Business Expansion
The company’s revenue from operations stood at ₹1,265.6 crore, up from ₹1,001.4 crore in the same quarter last year, reflecting continued business expansion and stronger cargo volumes across its ports and terminals. The growth highlights JSW Infrastructure’s ongoing capacity additions and diversified service portfolio in India’s fast-growing logistics and port management sector.
Net Profit Declines Amid Cost Pressures
Despite higher revenues, net profit fell 2.8% year-on-year to ₹361.2 crore, compared to ₹371.5 crore in Q2 FY25.
The decline was attributed to rising operational costs, including higher fuel, logistics, and maintenance expenses, which offset gains from higher throughput and improved asset utilisation.
EBITDA and Margins Show Contraction
At the operating level, the company’s EBITDA dropped 24% year-on-year to ₹513.6 crore, down from ₹676 crore in the corresponding quarter of the previous fiscal.
The EBITDA margin fell sharply to 40.6%, compared to 67.5% a year earlier — indicating that cost inflation and operational inefficiencies weighed on profitability despite strong revenue performance.
Management Outlook
Analysts note that while JSW Infrastructure continues to deliver healthy revenue growth supported by strong cargo handling and port operations, the margin contraction underscores the need for cost optimisation and improved operational leverage. The company is expected to focus on efficiency-driven initiatives and capacity utilisation improvements in the coming quarters to restore profitability levels.
Summary
- Revenue (Q2 FY26): ₹1,265.6 crore (↑26.4% YoY)
- Net Profit: ₹361.2 crore (↓2.8% YoY)
- EBITDA: ₹513.6 crore (↓24% YoY)
- EBITDA Margin: 40.6% (vs 67.5% YoY)
JSW Infrastructure delivered solid revenue growth in Q2 FY26 but faced pressure on margins, reflecting a challenging cost environment even as operational expansion continues across key business verticals.
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