Date: 27th October, 2026

Operational & Financial Performance Q2 FY2027

Volume Metrics

  • India cargo volumes grew by 8% YoY
  • Total cargo volumes stood at 29.4 Million Tonnes
  • Volume increase driven by improved capacity utilization at Paradip Coal, Ennore Bulk and Mangalore Coal terminals
  • Interim operations at Tuticorin Bulk Terminal and Kolkata Container Terminal contributed to growth
  • Growth partially offset by challenging operating environment at Fujairah Liquid Terminal and lower volumes at Jaigarh Port and Paradip Iron Ore Terminal

Financial Results

Revenue Performance:

  • Revenue from operations: ₹1,481 Crore, up 17% YoY from ₹1,266 Crore in Q2 FY2026
  • Port segment operational revenue: ₹1,202 Crore, up 9% YoY from ₹1,103 Crore
  • Logistics business revenue: ₹279 Crore, up 71% YoY from ₹163 Crore

Profitability Metrics:

  • Operating EBITDA: ₹674 Crore, up 11% YoY from ₹610 Crore
  • Port segment Operating EBITDA: ₹594 Crore, up 2% YoY
  • Logistics segment Operational EBITDA: ₹81 Crore, up 3.3x from ₹25 Crore
  • Logistics EBITDA margin: 28.9% (up from 15.2% in Q2 FY2026)
  • Profit Before Tax (PBT): ₹431 Crore (vs ₹463 Crore in Q2 FY2026)
  • Profit After Tax (PAT): ₹328 Crore (vs ₹369 Crore in Q2 FY2026)

Balance Sheet Position:

  • Net Cash: ₹1,693 Crore
  • Gross Debt: ₹7,292 Crore
  • Cash and Bank balance: ₹8,985 Crore

H1 FY2027 Performance

  • Cargo volumes: 60.5 million tonnes, up 4% YoY
  • India operations recorded 10% YoY growth
  • Operational revenue: ₹2,926 Crore, up 18% YoY
  • Operational EBITDA: ₹1,348 Crore, up 13% YoY
  • PAT: ₹686 Crore

Key Business Updates & Strategic Initiatives

Port Operations Expansion

  • Executed 30-year concession agreement for 13 MTPA Kolkata Outer Container Terminal
  • Commenced interim operations at 6.3 MTPA Kolkata Container Terminal (awarded July 2025)
  • Current total cargo-handling capacity: 186 Million Tonnes Per Annum (MTPA)
  • Expansion target: 400 MTPA by 2030

Logistics Business Growth

  • Successfully completed acquisition of NCR Rail Infrastructure Limited under NCLT-approved resolution plan
  • Secured Letter of Acceptance for development of Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam, Tamil Nadu
  • Rail rake fleet expanded from 42 to 78 rakes during the quarter
  • Target of 110 rakes by March 2027 (32 additional rakes expected in H2)
  • Pan-India logistics network now comprises 8 strategically located logistics assets across 5 states

Awards & Recognition

  • Honored at All India Maritime and Logistics Awards (MALA) 2026 for Expanding Footprint in Ports & Terminals
  • JSW Dharamtar Port won Smart Port Digital Transformation Award at Sustain Port India 2026 Awards

International Operations

  • International presence includes 465,000 cubic meter liquid tank storage terminal
  • Two O&M contracts for port terminals in UAE
  • Currently operates thirteen strategically located port concessions along India's west and east coasts

Performance Drivers & Challenges

Positive Drivers

  • Volume growth across multiple terminals
  • Increase in ancillary services
  • Rupee depreciation benefits
  • Growing contribution from rail logistics business
  • Improved operational efficiency

Challenges Impacting Results

  • Unrealized foreign exchange losses from INR depreciation
  • Higher depreciation charges from commissioning of growth projects
  • Challenging operating environment at Fujairah Liquid Terminal
  • Lower volumes at Jaigarh Port and Paradip Iron Ore Terminal

Company Overview

JSW Infrastructure Limited is India's second-largest private commercial port operator and fast-growing logistics platform, operating thirteen strategically located port concessions along India's west and east coasts with international presence in UAE. The company handles diverse cargo types and accommodates vessels up to Cape size with highly mechanized systems.