JSW Infrastructure, a part of the JSW Group, revealed a significant surge in its consolidated net profit in the fourth quarter, rising from Rs 300 crore to Rs 330 crore compared to the previous year. This growth was primarily fueled by a nearly 10% increase in cargo volumes, totaling 29.3 million tons during the January-March period.
The company operates 10 ports and terminals along the Indian coastline and credited the enhanced capacity utilization at its Paradip and Mangalore coal terminals for the surge in cargo volumes. This improved performance has contributed to JSW Infrastructure's overall positive financial results, showcasing a profitable fourth quarter. The positive momentum in cargo volumes also aligns with the buoyant commercial activities and robust domestic consumption trends benefiting port operators like JSW Infrastructure and Adani Ports.
The market reaction to JSW Infrastructure's financial results was reflected in its stock performance, initially rising by 2.6% post-announcement before stabilizing later in the trading session. The stock has indicated a consistent upward trend throughout the year, showcasing a 24% gain, in line with the performance of Adani Ports, which has surged by about 29% among the listed Adani group companies. This growth trajectory underlines the promising outlook for both JSW Infrastructure and the broader port operations sector in India.