The company said the profit figure is before considering an exceptional item of ₹68 crore related to an estimated loss from a fire incident at the Fujairah Liquid Terminal, ₹5 crore (adjusted for tax) towards employee costs arising from the implementation of the new Labour Code, and an unrealised forex loss of ₹43 crore (adjusted for tax).
Revenue for the quarter rose 18.6% to ₹1,522.3 crore from ₹1,283.2 crore a year earlier. EBITDA increased 19.9% year-on-year to ₹768.8 crore against ₹641 crore in the year-ago period. EBITDA margin stood at 50.5% for the quarter, compared with 50% in the corresponding quarter last year.
Cargo handled volumes during the quarter stood at 31.6 million tonnes, up 1% from a year ago. The growth was driven by higher volumes at South West Port, Dharamtar Port and Jaigarh Port due to increased cargo from anchor customers, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.
Also Read: JSW Infrastructure reports damage to one tank at Fujairah Terminal after drone debris
The company said growth was partly offset by lower volumes at its Fujairah facility amid disruptions linked to the ongoing Middle East conflict, as well as cargo deferments at Indian operations during March due to lower vessel availability and higher freight costs. It added that vessel availability and operations have improved from April 2026 onwards.
Port segment operational revenue rose 12% year-on-year to ₹1,295 crore in Q4 FY26 from ₹1,152 crore a year earlier, aided by higher realisations, growth in cargo volumes, increased ancillary services such as storage and transportation, and rupee depreciation. Operational EBITDA for the segment rose 13% to ₹705 crore.
Navkar Corporation reported growth in both EXIM and domestic cargo volumes during the quarter. EXIM cargo volumes rose 14% year-on-year to 86,000 TEUs, while domestic cargo volumes increased 56% to 427,000 metric tonnes.
Also Read: Here’s why shares of JSW Infra are surging despite a near-term guidance cutFY26
For FY26, revenue from operations for the year rose 20% to ₹5,361 crore, operating EBITDA increased 15% to ₹2,604 crore, and adjusted PAT rose 12% to ₹1,644 crore. The company’s net debt to operating EBITDA ratio stood at 1.2x at the end of FY26. Gross debt stood at ₹6,410 crore, while cash and bank balance were ₹3,309 crore.
JSW Infrastructure handled cargo volumes of 122 million tonnes, up 4% year-on-year, driven by strong performance at South West Port, Dharamtar Port and Jaigarh Port, along with interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.
Volume growth was partly offset by subdued performance at Paradip Iron Ore Terminal, which declined by 4.2 million tonnes year-on-year, and lower volumes at Fujairah Terminal due to the impact of Middle East conflicts. Third-party volumes stood at 58.8 million tonnes, rising 3% year-on-year. The share of third-party volumes in overall cargo stood at 48%.
Higher volumes across ports and Navkar Corporation, along with the consolidation of rail rake operations from February 2026, led to a 20% rise in revenue from operations to ₹5,361 crore. EBITDA increased 15% year-on-year to ₹2,604 crore, supported by higher revenue, operating leverage and cost control. Adjusted profit after tax rose 12% to ₹1,644 crore.
Also Read: JSW Infrastructure board to discuss fundraising proposals on February 20
Under its growth strategy, the company is targeting consolidated operating revenue of ₹6,850 crore and operating EBITDA of ₹3,000 crore for FY2027. It expects EBITDA to grow by around 15% in FY2027 on the FY2026 base and nearly double by FY2028.
The board recommended a dividend of ₹0.90 per equity share of face value ₹2 each for FY26, subject to shareholder approval. Shares of JSW Infrastructure Ltd ended at ₹283.55, up by ₹2.10, or 0.75%, on the BSE.
