Shares of JSW Infrastructure fell nearly 7 percent after the company reported an annual decline in its consolidated net profit for the quarter ended June, driven by higher expenses.
At 1:15 PM, JSW Infrastructure's shares were trading 6 percent lower at Rs 315. The company's shares have gained over 48 percent in the past six months, significantly outperforming the Nifty 50, which gained over 13 percent during the same period.
For the June quarter, JSW Infrastructure's net profit fell 9 percent year-on-year to Rs 292.4 crore, while total expenses surged 40 percent year-on-year to Rs 712.1 crore.
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Meanwhile, revenue from operations rose 15 percent year-on-year to Rs 1,009.8 crore. "Revenue growth is driven by an increase in cargo volume and a change in the realization mix," the company said in an investor presentation. The total cargo handled by JSW Infrastructure rose 9 percent year-on-year to 27.8 million tonnes in Q1 FY25.
Boosted by the increased revenue, the company's EBITDA also rose 24 percent year-on-year to Rs 609 crore in Q1 FY25. The EBITDA margin expanded to 55.1 percent in Q1 FY25 from 53.5 percent in the same period last year.
JSW Infrastructure operates and manages ports and terminals, handling various types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers. The company also offers cargo handling, end-to-end logistics, and storage solutions.
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