JSW Infrastructure’s full-year PAT up 55% YoY
JSW Infrastructure Limited, part of the JSW Group and India’s second-largest private commercial port operator, has announced its results for the fourth quarter and year ended 31st March 2024.
Q4 FY2024 - Key
Highlights
* Cargo handled volumes of 29.3 million tonnes, up 9% YoY
* Revenue increased by 23% YoY to Rs 1,200 crore
* EBITDA of Rs 685 crore an increase of 29% YoY and EBITDA margin of 57.1%
* Profit Before Tax (PBT) of Rs 417 crore up 41% YoY
* PAT of Rs 329 crore up 9% YoY
FY2024 - Key Highlights
* Cargo handled volumes of 106 million tonnes, up 15% YoY:
• Third Party Share increased to 40% from 33% last year
* Revenue increased by 20% YoY to Rs 4,032 crore
* EBITDA of Rs 2,234 crore an increase of 24% YoY and EBITDA margin of 55.4%
* Profit Before Tax (PBT) of Rs 1,465 crore up 81% YoY
* PAT of Rs 1,161 crore up 55% YoY
* The Board has recommended a dividend of Rs 0.55/share
* Strong Balance Sheet:
• Net Debt/EBITDA of 0.03x
• Cash and bank balance of Rs 4,316 crore
FY2024 - A Year of
Delivering Promises
* Successful equity listing in October 2023
* Acquisition of 465,000 cubic meter liquid storage terminal at Fujairah, UAE
* Acquired majority stake in PNP port
* Concession agreement signed with Karnataka Maritime Board for development of a 30 mtpa greenfield port at Keni, Karnataka
* Emerged as a winner in bid for a 7 mtpa dry bulk terminal in Tuticorin through PPP mode
* Signed a concession agreement with Jawaharlal Nehru Port Authority for the two liquid berths of 4.5 mtpa
* Jaigarh Port, the flagship port of the company, recognised with a five-star rating by the British Safety Council
Growth Strategy
The company has embarked on a growth plan to enhance its cargo handling capacity by 2.4 times, to 400 mtpa by FY 2030 or earlier from the existing 170 mtpa. This represents a compounded annual growth rate (CAGR) of 15%. The company is actively pursuing and exploring various project development opportunities, leading to a robust project pipeline. Moreover, privatisation bids of terminals/berths in the Major Ports and the inorganic opportunities in the areas of port and port-related infrastructure are the additional levers to accelerate the growth.
The company has a strong balance sheet and is well-positioned to pursue organic and inorganic growth without compromising on its leverage ratios, emphasised a release.
Source: Exim News Service: Mumbai, May 6