Q3 2026 JSW Infrastructure Ltd Earnings Call Transcript
Key Points
- JSW Infrastructure Ltd (BOM:543994) reported a 20% year-on-year growth in operating revenue for the nine months of FY26, reaching INR3,839 crores.
- The company successfully completed construction at the JNPA liquid terminal, awaiting the final commissioning certificate.
- JSW Infrastructure Ltd (BOM:543994) expanded its logistics segment by acquiring 100% equity in three entities, providing immediate access to Indian Railways GPWIS and LSFTO schemes.
- The logistics segment, primarily Navkar, delivered a standout performance with a 23% year-on-year growth in EXIM cargo volumes and a 35% increase in domestic cargo volumes.
- The company has a strong balance sheet with a net debt to operating EBITDA ratio of 0.76, positioning it well for future growth plans.
- Cargo volumes at the Paradip Iron Ore Terminal declined by approximately 3.9 million tonnes due to challenging macroeconomic conditions.
- The company's volume growth guidance was reduced to 8% to 10% due to lower volumes at Paradip ports.
- There was a YoY decline in port EBITDA margins, partly due to lower-margin terminals at JNPT and Tuticorin.
- The company recognized a ForEx loss of INR14 crores due to USD-INR exchange rate fluctuations.
- CapEx for FY26 was reduced from earlier guidance, with deferred payouts due to bank guarantees and LCs.
Ladies and gentlemen, good day, and welcome to JSW Infrastructure Limited Q3 FY26 earnings conference call hosted by Motilal Oswal Financial Services Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Alok Deora from Motilal Oswal Financial Services. Thank you, and over to you, sir.
Thank you, and good evening, everyone, and welcome to the 3Q FY26 earnings call of JSW Infra. We have with us today, Mr. Rinkesh Roy, Joint Managing Director and CEO; Mr. Lalit Singhvi, Strategic Adviser and Board Member; Mr. Nagarajan J., Chief Financial Officer; and Mr. Vishesh Pachnanda, Head of Investor Relations.
I would now hand over the call to the management to provide some opening remarks, and then we can proceed to the Q&A. Thank you, and over to you, sir.
Thank you, Alok. Happy
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