JSW Infrastructure, a key player in India’s private port sector, has reported an impressive 40% increase in consolidated net profit, reaching Rs 373.73 crore for Q2. The profit growth, compared to Rs 266.87 crore during the same quarter last fiscal year, reflects the company’s strategic focus on improving income and operational efficiencies.
Total income climbed to Rs 1,088.19 crore, up from Rs 895.48 crore, while operating costs were streamlined, reducing total expenses to Rs 534 crore from Rs 567.32 crore. These efforts underscore JSW’s commitment to optimising costs while expanding its footprint across key ports and terminals. Notably, JSW handled a record cargo volume of 27.5 million tonnes, marking a 16% year-on-year increase. This surge was mainly due to higher capacity utilisation at terminals in Mangalore, Paradip, and Ennore, coupled with new acquisitions in the UAE and India. In a strategic expansion move, JSW recently won the bid to develop the Murbe port in Maharashtra. Designed to operate as a multi-cargo, all-weather facility, this port will benefit from proximity to major highways and railways, supporting seamless logistics and supply chain operations. JSW’s growth signals a boost for India’s shipping and logistics industry, with potential positive impacts on trade flows, job creation, and regional economic development.
