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The total income surged to Rs 1,018.30 crore in the third quarter from Rs 842.02 crore in the year-ago quarter. Its expenses were at Rs 711.25 crore in the third quarter against Rs 734.41 crore in the October-December quarter of last fiscal.
In a separate statement, the company said it handled cargo volumes of 28.1 million tonnes, registering a 17 per cent year-on-year growth.
The increase in volume is primarily on the back of increased capacity utilisation at the
“The higher volume translated to 21 per cent growth in the total revenue which stood at Rs 1,018 crore. Increased revenue, the benefit of operating leverage and cost control meant EBITDA of Rs 558 crore with a robust margin of 54.8 per cent,” the company said.
The company emerged as the winning bidder for the development of a greenfield port at Keni in Karnataka, further to which the concession agreement was signed with the Karnataka Maritime Board. The capex estimated for the project is Rs 4,119 crore with an initial capacity of 30 MTPA.
During the quarter, the JSW Group company also acquired the majority shareholding of
The acquisition of the liquid storage facility at the Fujairah port in the UAE, with a capacity of 465,000 cubic meters or 5 million tonnes per year, has been completed.
JSW Infrastructure shares rose by 3.03 per cent to close at Rs 224.25 on BSE on Friday.
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