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Edge23 Jan 2026
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JSW Infrastructure
JSW Infrastructure (JSWINFRA) investor relations material
JSW Infrastructure Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary16 Jan, 2026
Executive summary
Q3 FY2026 saw strong operational and financial performance, with total cargo handled reaching 31.7 million tons (+8% YoY) and 90 million tons in 9M FY26 (+5% YoY), driven by key ports, logistics, and overseas operations.
Consolidated revenue from operations for Q3 FY26 was ₹1,350 crore (+14% YoY), with net profit at ₹365 crore (+9% YoY), and 9M FY26 revenue at ₹3,839 crore (+20% YoY), net profit at ₹1,123 crore (+12% YoY).
Logistics, especially Navkar, delivered robust growth, with Q3 EXIM volume up 19% YoY, domestic volume up 45% YoY, and 9M FY26 EXIM up 23% YoY, domestic up 35% YoY.
Net debt as of December 2025 was ₹1,888 crore, with net debt/Op EBITDA at 0.76x and a strong cash position.
Financial results were reviewed and approved by the Audit Committee and Board on January 16, 2026.
Financial highlights
Q3 FY26 consolidated operating revenue was ₹1,350 crore (+14% YoY), operating EBITDA at ₹644 crore (+10% YoY), and PAT at ₹365 crore (+9% YoY).
9M FY26 operating EBITDA was ₹1,835 crore (+13% YoY), with an EBITDA margin of 54.5%.
Navkar's Q3 revenue was ₹186 crore, EBITDA ₹33 crore, and net profit ₹9 crore, reversing a prior loss.
Profit before tax for Q3 was ₹439.17 crore, up from ₹275.91 crore YoY.
Net worth increased 15% YoY to ₹10,192 crore as of Dec 2025; ROCE improved to 15.4% (TTM).
Outlook and guidance
FY2026 revenue guidance is ₹5,400 crore with operating EBITDA of ₹2,600 crore.
Ports segment targets revenue of ₹8,000 crore and EBITDA of ₹4,300 crore by FY28E, with a CAGR of 30%+ from FY25-28.
Logistics segment targets revenue of ₹3,650 crore and EBITDA of ₹700 crore by FY28E, with a CAGR of 38% from FY25-28.
Cargo volume target for FY2026 is 123 million tons, with 6%-7% growth expected in FY2027 and a ramp-up to 165-175 million tons by FY2028.
EBITDA is expected to grow ~15% in FY2027 and double by FY2028 from FY2026 levels.
Detail the 4 key projects driving FY28 port EBITDA
Explain logistics EBITDA margin changes FY27-FY30
Future acquisition strategy for capacity growth
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Next JSW Infrastructure earnings date
Q4 25/2630 Apr, 2026
JSW Infrastructure
Next JSW Infrastructure earnings date
Q4 25/2630 Apr, 2026
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Frequently asked questions
JSW Infrastructure Limited, a subsidiary of the JSW Group, is an infrastructure company in India with a focus on developing and operating port facilities. Established in 1999, it has grown to become the second-largest private port operator in the country, with a significant cargo handling capacity of 170 million tonnes per annum (MTPA). The company operates ten port and terminal concessions along the strategic locations of the East and West coasts of India, offering efficient and environmentally friendly port facilities. Its ports and terminals are equipped to handle a diverse range of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers, utilizing a largely mechanized cargo handling system. The company is headquartered in Mumbai, Maharashtra, and its shares are listed on the Bombay Stock Exchange Limited.
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