JSW Infrastructure Reports 18% Decline in Q4 Profit Amid One-Offs and Forex Loss
JSW Infra Q4 profit declines 18% to ₹418 crore amid one-offs, forex loss
Business Standard
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JSW Infrastructure, promoted by Sajjan Jindal, reported a 17% year-on-year decline in consolidated profit to ₹418 crore for Q4 FY26, falling short of analyst expectations. The decrease was impacted by one-off losses and a forex loss, despite an 18.63% rise in revenue to ₹1,522 crore driven by increased cargo volumes.
- 01JSW Infra's Q4 profit dropped 17% YoY to ₹418 crore.
- 02Revenue rose 18.63% YoY to ₹1,522 crore, exceeding estimates.
- 03One-off losses included ₹68 crore from a fire incident in the UAE.
- 04Cargo volumes increased by 1% YoY to 31.6 million tonnes.
- 05The company plans a ₹30,000 crore capital expenditure for port expansion by FY30.
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JSW Infrastructure (JSW Infra) reported a 17% year-on-year decline in consolidated profit to ₹418 crore for the fourth quarter of FY26, missing analyst estimates of ₹423.65 crore. The drop was attributed to one-off losses, including ₹68 crore from a fire incident at the Fujairah Liquid Terminal in the UAE, and a ₹43 crore unrealized forex loss. Despite these challenges, the company's revenue from operations grew by 18.63% YoY to ₹1,522 crore, driven by increased port volumes and the consolidation of a newly acquired rail rake business. Cargo volumes handled rose 1% YoY to 31.6 million tonnes, although lower volumes at the Fujairah facility due to the ongoing Middle East conflict partially offset this growth. JSW Infra's adjusted profit after tax for the quarter stood at ₹528 crore, up 15% YoY. The company aims to increase its cargo-handling capacity to 400 million tonnes per annum (mtpa) by FY30, supported by a ₹30,000 crore capital expenditure plan for the port segment. For FY27, JSW Infra targets consolidated operating revenue of ₹6,850 crore and operating EBITDA of ₹3,000 crore.
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The decline in profit and operational challenges could affect investor confidence and future funding for expansion projects, potentially impacting job creation and service availability.
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