JSW Infrastructure reports strong H1 FY26 performance, expansion on track

JSW Infrastructure recorded total cargo handling of 28.9 million tonnes (MT) in Q2 FY26, a 3% year-on-year (YoY) increase, and 58.2 MT in H1 FY26, a 4% YoY growth. Revenue from operations for H1 FY26 rose by 23% YoY to ₹2,686 Crore, with EBITDA increasing by 14% YoY to ₹1,387 Crore. Profit After Tax (PAT) for H1 FY26 also saw a 13% YoY growth, reaching ₹758 Crore. The company maintains a strong balance sheet with a Net Debt of ₹1,810 Crore as of September 30, 2025, and a Net Debt/Operating EBITDA of 0.75x.

Key project updates include significant progress in its terminals, with the V.O. Chidambaranar Port's 7 MTPA berth construction being 60% complete, and the JNPA Liquid Terminal commencing commercial operations in December 2025. Brownfield expansion at Dharamtar and Jaigarh is targeting completion by March 2027, with a 36 MTPA capacity increase. Greenfield port developments, such as Keni Port (30 MTPA) and Jatadhar Port (30 MTPA), are also underway, with the latter targeting completion by March 2027.

The company aims for a total operational capacity of 400 MTPA by FY30, an increase from the current 177 MTPA. This growth strategy includes greenfield ICDs, participation in Gati Shakti Multi-Modal Cargo Terminal bids, inorganic acquisitions in CFS and ICD businesses, and strategic partnerships. JSW Infrastructure is also expanding internationally, with the Oman Greenfield Port adding 27 MTPA and targeting completion by H1CY29.