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JSW Infrastructure Q4FY24 PAT grows 9% YoY to Rs 329 cr

JSW Infrastructure Q4FY24 PAT grows 9% YoY to Rs 329 cr

| @indiablooms | 03 May 2024, 10:04 pm

Mumbai: JSW Infrastructure Limited reported a Profit After Tax (PAT) of Rs 329 crore for the quarter ended March 31, up 9% YoY.

Cargo handled volumes during Q4FY24 reached 29.3 million tonnes, marking a notable increase of 9% year-on-year (YoY).

“The increase in the volume is primarily on the back of increased capacity utilisation at the Paradip Coal Terminal and Mangalore Coal Terminal. Newly acquired assets (PNP and Liquid Terminal,UAE) also contributed to the growth. The third-party volume grew by 35% year-on-year and the share of third-party in the overall volumes stood at 46% vs 37% a year ago,” JSW Infrastructure said.

JSW Infrastructure witnessed a substantial surge in revenue, which soared by 23% YoY, reaching Rs 1,200 crore during Q4FY24.

Increased revenue translated to EBITDA of Rs 685 crore (+29% yoy) with a strong margin of 57%.

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) witnessed a substantial increase, reaching Rs 685 crore in Q4FY24, reflecting a notable 29% YoY growth.

Furthermore, JSW Infrastructure achieved an impressive EBITDA margin of 57.1%, highlighting its ability to generate strong operational profits.

Profit Before Tax (PBT) for the quarter amounted to Rs 417 crore, marking a substantial increase of 41% YoY. This robust growth in PBT underscores JSW Infrastructure's efficient financial management and its ability to capitalize on market opportunities effectively.

During the year, the company handled cargo volumes of 106 million tonnes which is higher by 15% over the last year.

The increase in the volume is primarily on the back of increased capacity utilisation at the Iron ore and Coal terminals of Paradip and Mangalore Coal Terminal.

Also, volumes at the Mangalore Container terminal grew by 18%.

The third-party volume grew by 36% year-on-year and the share of third party in the overall volumes stood at 40% vs 33% a year ago.

The higher volume translated to 20% growth in the total revenue which stood at Rs 4,032 crore.

Increased revenue, the benefit of operating leverage and cost control meant EBITDA of Rs 2,234 crore (+24% YoY) with a strong margin of 55.4%.

As a result, PBT grew at 81% to Rs 1,465 crore, while PAT stood at Rs 1,161 crore representing a 55% year-on-year growth.

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