JSW Infrastructure Ltd, India’s second biggest private port operator, reported an 8.86 percent decline in net profit at Rs292.44 crores for the April-June quarter from Rs320.89 crores a year earlier.
The port’s unit of the JSW Group said its revenue grew by 15 percent to Rs1,009.77 crores during the first quarter of FY25 from Rs 878.10 crores a year ago.
During the quarter, the port operator handled 27.8 million tonnes (mt) of cargo, 9 percent more than the same period last year, on the back of incremental volumes from recently acquired assets and increased capacity utilisation at the Paradip Iron Ore and Coal Terminal.The third-party volumes handled by the Company during the first quarter reached 13.8 mt, posting a growth of 48 percent Year on Year. The share of third-party cargo in the overall volumes has thus increased to 50 percent compared to 37 percent a year earlier.
