Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended 30 September 2026 (Q2 FY27, H1 FY27)
Nature of Filing / Announcement: Regulatory filing pursuant to SEBI Listing Regulations 30 and 33
Audit Opinion:
The Limited Review Report by Shah Gupta & Co. provides an unmodified conclusion. However, it contains important qualifications:
- The unaudited financial results of five subsidiaries (with total assets of ₹6,764.09 crores as at September 30, 2026) were reviewed by other auditors
- The unaudited financial results of nineteen subsidiaries (with total assets of ₹5,083.55 crores as at September 30, 2026) were not reviewed by their auditors and were provided by management
- The auditors state these nineteen subsidiaries are not material to the Group according to management
Key Financial Highlights [₹ crore]
Consolidated Results:
Quarter Ended 30 September 2026 (Q2 FY27):
- Revenue from Operations: ₹1,480.92 crore (17.0% YoY increase from ₹1,265.59 crore in Q2 FY26)
- Total Income: ₹1,669.47 crore
- EBITDA: Not explicitly disclosed
- Net Profit: ₹328.23 crore (11.0% YoY decrease from ₹368.81 crore in Q2 FY26)
- EPS: ₹1.35 (Basic and Diluted)
- Other Equity: ₹17,540.03 crore (as at 30 September 2026)
- Cash and Cash Equivalents: ₹1,024.13 crore (as at 30 September 2026)
- Debt: Total Borrowings ₹7,292.17 crore (Non-current ₹6,865.83 crore + Current ₹426.34 crore)
Half Year Ended 30 September 2026 (H1 FY27):
- Revenue from Operations: ₹2,925.75 crore (17.5% YoY increase from ₹2,489.44 crore in H1 FY26)
- Total Income: ₹3,171.10 crore
- Net Profit: ₹685.83 crore (9.6% YoY decrease from ₹758.38 crore in H1 FY26)
- EPS: ₹3.00 (Basic and Diluted)
Year Ended 31 March 2026 (FY26):
- Revenue from Operations: ₹5,361.44 crore
- Net Profit: ₹1,546.90 crore
- EPS: ₹7.32 (Basic), ₹7.28 (Diluted)
Standalone Results:
Quarter Ended 30 September 2026 (Q2 FY27):
- Revenue from Operations: ₹163.86 crore
- Total Income: ₹540.04 crore
- Net Profit: ₹279.13 crore
- EPS: ₹1.24 (Basic and Diluted)
- Other Equity: ₹11,385.43 crore (as at 30 September 2026)
- Cash and Cash Equivalents: ₹333.56 crore (as at 30 September 2026)
- Debt: Total Borrowings ₹4,900.38 crore (Non-current ₹4,776.63 crore + Current ₹123.75 crore)
Half Year Ended 30 September 2026 (H1 FY27):
- Revenue from Operations: ₹327.45 crore
- Total Income: ₹781.84 crore
- Net Profit: ₹354.30 crore
- EPS: ₹1.60 (Basic and Diluted)
Segment-wise Performance [₹ crore]:
The Group operates in two segments:
Port Operation Segment:
- Q2 FY27 Revenue: ₹1,201.60 crore
- Q2 FY27 Segment Results: ₹484.71 crore
- H1 FY27 Revenue: ₹2,409.20 crore
- H1 FY27 Segment Results: ₹947.04 crore
Logistic Operation Segment:
- Q2 FY27 Revenue: ₹279.32 crore
- Q2 FY27 Segment Results: ₹58.24 crore
- H1 FY27 Revenue: ₹516.55 crore
- H1 FY27 Segment Results: ₹108.97 crore
Corporate Actions:
- The company raised ₹6,555 crore through Qualified Institutions Placement (QIP) on June 26, 2026, by allotting 23,00,00,000 Equity Shares of ₹2 each at an issue price of ₹285 per share
- Paid-up equity share capital increased to ₹465.23 crore as of 30 September 2026 from ₹417.04 crore as of 31 March 2026
- Dividend paid during H1 FY27: ₹188.91 crore
Other Significant Information:
- Total Assets: ₹29,120.49 crore (Consolidated) and ₹17,476.19 crore (Standalone) as at 30 September 2026
- Capital Work-in-Progress: ₹4,070.96 crore (Consolidated) and ₹2,295.15 crore (Standalone)
- Investments in Subsidiaries: ₹3,406.38 crore (Standalone)
- Loans to Related Parties: ₹3,533.15 crore (Standalone)
- The company has designated foreign currency forecasted revenue as hedge item and foreign currency borrowing as hedging instrument under cash flow hedge relationship effective from 1 April 2022
Entities Included in Consolidation:
The consolidated results include JSW Infrastructure Limited (Parent) and 30 subsidiaries including JSW Jaigarh Port Limited, South West Port Limited, JSW Tuticorin Multipurpose Terminal Private Limited, Navkar Corporation Limited, and recently acquired NCR Rail Infrastructure Limited and AMD Business Support Services Private Limited.