JSWINFRA

** Shares of JSW Infrastructure Ltd JSWN.NS rise as much as 3.2% to 327.2 rupees

** Co reports a 31.5% y/y rise in first-quarter consol net profit to 3.85 billion rupees ($44.6 million), and revenue up 21.2%

** Motilal Oswal expects stronger market dominance for co and rising logistics revenue to drive 13% volume and 22% revenue CAGR over FY25–27; In line qtr, project expansion underway

** In Q1, co handled 29.4mt of cargo (+6% YoY) helped by new terminals of Tuticorin and JNPT - ICICI Securities

** Jefferies says Q1 EBITDA was in line with estimates; believes, on a small base JSWN's EBITDA growth will be 20%+ from current levels with group volumes giving comfort on utilisation; maintain BUY

** Mean rating of stock is "buy"; their median PT is 362.5 rupees - data compiled by LSEG

($1 = 86.3880 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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July 22 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JUNE-QUARTER CONSOL NET PROFIT 3.85 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.24 BILLION RUPEES

Source text: ID:nBSE25KFRB

Further company coverage: JSWN.NS

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** Shares of JSW Infrastructure JSWN.NS rise 1.7% to 310.20 rupees, set to snap four session losing streak

** Port operator gets letter of award from Syama Prasad Mookerjee Port Authority for reconstruction of berth-8 and mechanization of berth-7 and berth-8 at Netaji Subhas Dock in Kolkata

** Estimated capex of 7.4 bln rupees ($86.4 mln) and construction timeline of two years

** Project comes with 30‐year concession period

** JSWN down ~2% YTD

($1 = 85.6825 Indian rupees)

(Reporting by Vijay Malkar)

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July 7 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• RECEIVED LOA FOR RECONSTRUCTION FROM SYAMA PRASAD MOOKERJEE PORT AUTHORITY

• LOA TO DEVELOP CONTAINER BERTHS AT KOLKATA PORT

• ESTIMATED CAPEX OF 7.4 BILLION RUPEES, CONSTRUCTION TIMELINE OF TWO YEARS

• PROJECT COMES WITH A 30‐YEAR CONCESSION PERIOD

Source text: [ID:]

Further company coverage: JSWN.NS

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June 19 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• SIGNING OF MEMORANDUM OF UNDERSTANDING WITH KONKAN RAILWAY CORPORATION

• PROJECT TO ESTABLISH RAILWAY ACCESS TO JAIGARH PORT

Source text: ID:nBSE5y9DzP

Further company coverage: JSWN.NS

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May 20 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• SAJJAN JINDAL FAMILY TRUST SOLD 42 MILLION SHARES OF CO

• PROMOTER GROUP TRIMS STAKE IN CO FROM 85.62% TO 83.62%

Source text: ID:nBSE9w0jpG

Further company coverage: JSWN.NS

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Recasts with company forecast

May 1 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS issued a higher year-on-year revenue growth forecast for fiscal 2026 on Thursday, citing strong port volumes, after posting a better-than-expected quarterly profit.

The country's top private port operator said it expects revenue to grow in the range of 15.8%-22.2% for the fiscal year that started on April 1. Its revenue grew 16% last fiscal.

For fiscal 2025, the firm's revenue from its ports business, its biggest, climbed 12%, while its logistics business jumped 39%, led by higher container and bulk cargo volumes, the company said.

It added that it expects revenue from its third-biggest marine services division, which surged 82% to 11.44 billion rupees in fiscal 2025, to treble in two years.

Private port operators including Adani Ports and smaller rival JSW Infrastructure JSWN.NS have benefited from steady cargo movement across Indian borders, especially during the fourth quarter, which typically sees increased construction activity due to favorable weather.

However, U.S. President Trump's erratic tariff policies have threatened to disrupt trade and pile additional risks on India's slowing economy.

On Wednesday, JSW Infrastructure reported a higher quarterly profit and shrugged off concerns over U.S. tariff-led trade uncertainties.

Adani Ports reported a consolidated net profit of 30.14 billion rupees ($356 million) for the quarter ended March 31, beating analysts' average estimate of 25.71 billion rupees, as per data compiled by LSEG.

Cargo volumes rose 8% to 118 million metric tonnes in the reported quarter, driving overall revenue nearly 24% higher to 84.88 billion rupees.

The company also forecast its earnings before interest, tax, depreciation and amortization (EBITDA) in the range of 210 billion-220 billion rupees for fiscal 2026.

($1 = 84.6740 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

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April 30 (Reuters) - India's JSW Infrastructure JSWN.NS reported a 54% rise in fourth-quarter profit on Wednesday, boosted by volume growth in coal - one of its key cargo.

Consolidated net profit for the company, which is India's second-largest private port operator, rose to 5.09 billion rupees ($60.2 million) in the January-March period from 3.30 billion rupees last year.

Private port operators, such as JSW Infra and larger rival Adani Ports APSE.NS have reaped the benefits of steady cargo movement across Indian borders, until U.S. President Trump's erratic tariff policy threatened to disrupt trade and pile additional risks on a slowing economy.

However, analysts at Jefferies said that JSW's higher exposure to bulk cargo like iron ore and coal, which are more domestic-leaning, makes it relatively insulated from rising global trade risks than container-heavy Adani Ports.

Cargo volumes increased 5% on-year, and lifted revenue by 17% to 12.83 billion rupees.

"The volume increase was mainly due to robust performance at the coal terminals in Mangalore, Ennore, and Paradip...partially offset by reduced cargo volumes at the Iron Ore terminal in Paradip," the company said in a statement.

The increase in cargo volume underperformed growth of 9% in the same period a year ago. However, it was unchanged from the previous quarter and was also in-line with the 5% estimated by brokerage Elara Securities.

The company's shares ended 2.3% lower ahead of earnings. Adani Ports is scheduled to report results on Thursday.

($1 = 84.5050 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng)

(([email protected]; X: @MukherjeeHritam;))

April 16 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRASTRUCTURE LTD - ISSUES 10 BILLION RUPEES COMMERCIAL PAPER

Further company coverage: JSWN.NS

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Rewrites throughout with share moves, details and company forecast

Jan 30 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS missed third-quarter profit estimates on Thursday, as growth in cargo volumes slackened amid a slowdown in the world's fifth-largest economy, sending its shares 6% lower in the afternoon trade.

Consolidated net profit for the country's top private port operator jumped 14% to 25.20 billion rupees ($291.1 million) for the October-December period, but fell short of analysts' average estimate of 26.08 billion rupees, as per data compiled by LSEG.

Adani Ports' stock was among the top losers on the benchmark Nifty 50 index .NSEI.

Adani Ports kept intact its fiscal 2025 cargo volumes forecast in the range of 460 million metric tons to 480 million tons, after logging a 4% volume growth to 113 million tons in the reported quarter.

India's slowing economic growth has curbed cargo volumes at port operators including Adani Ports and smaller rival JSW Infrastructure JSWN.NS, analysts at ElaraCapital said in a note earlier this month.

Adani Ports also said it now expects fiscal 2025 core profit to be in a range of 188 billion rupees to 189 billion rupees, up from its earlier forecast of 170 billion rupees to 180 billion rupees.

($1 = 86.5620 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)

(([email protected]; X: @MukherjeeHritam;))

Jan 28 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• Q3 CONSOL NET PROFIT 3.3 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 11.82 BILLION RUPEES

Source text: [ID:]

Further company coverage: JSWN.NS

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Jan 21 (Reuters) - Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles, batteries, steel, and green energy sectors.

The ports-to-cement JSW conglomerate and the government of the western Indian state of Maharashtra - home to the country's financial hub of Mumbai - signed an agreement on the sidelines of the World Economic Forum, in Davos, Switzerland.

The investment will fund facilities for electric vehicle and lithium-ion battery production, steel manufacturing expansion, and renewable energy projects, including solar modules.

State chief minister Devendra Fadnavis, in a post on social media platform X, said that the investment would create 10,000 jobs and provide a "huge boost to Maharashtra's industrial environment."

The Maharashtra government will offer fiscal incentives and expedite clearances for the group's projects as part of the agreement, JSW said.

($1 = 86.5400 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Tasim Zahid)

(([email protected]; X: @MukherjeeHritam;))

Jan 3 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - ENTERED INTO CONCESSION AGREEMENT WITH RAILWAY ADMINISTRATION

Source text: ID:nBSE65Szmb

Further company coverage: JSWN.NS

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** Shares of JSW Infrastructure JSWN.NS rise as much as 3.1% to 319.2 rupees

** Brokerage firm Motilal Oswal increases PT to 375 rupees, 21% higher than the last close; reiterates "buy" rating

** Co's capacity expansion to aid growth and is well-positioned to gain higher market share, surpass FY25 guidance - Brokerage

** Average rating of 11 analysts covering the stock is "buy" and median PT is 375 rupees, ~18% higher than current price - LSEG data

** Stock has more than doubled since listing on Oct. 3, 2023

** JSWN last up 2.8%, extending YTD gains to ~53%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

Dec 19 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - AIMS TO EXPAND ITS CARGO-HANDLING CAPACITY TO 400 MTPA BY FY30

• JSW INFRASTRUCTURE - CAPEX ESTIMATED AT 300 BILLION RUPEES FOR FY25-30

Source text: ID:nBSE2ZQ0L

Further company coverage: JSWN.NS

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Oct 28 (Reuters) - Indian JSW Infrastructure JSWN.NS on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes.

The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year.

The company handled 27.5 million metric tonnes of cargo, 16% higher over the last year, said JSW Infrastructure, which operates ten ports and terminals along the Indian coastline.

Higher cargo volumes was driven by increased capacity utilisation at its coal terminals, the company said in an earnings release, leading to higher third-party volumes growth of 48% year-on-year.

Revenue from operations rose by 18% to 10.01 billion rupees.

Total expenses, meanwhile, fell nearly 6% to 5.34 billion rupees, helping boost its margins to 55.8% from 54% a year ago.

Additionally, the company said it plans to enhance its overall cargo handling capacity to 400 million tonnes per annum (MTPA) by 2030 from 170 MTPA currently.

JSW Infra's bigger rival, Adani Ports and Special Economic Zone APSE.NS, is due to report second-quarter earnings on Tuesday.

($1 = 84.0470 Indian rupees)

(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Editing by Varun H K)

(([email protected]; X: @MukherjeeHritam;))

Oct 15 (Reuters) - An alert on JSW Infra JSWN.NS shares rising 2.3% after the company received a letter of intent for a port development contract has been withdrawn as the news is dated.

There will be no replacement alert.

Story number: nFWN3LQ176

Story date: Oct 15, 2024

Story time: 0348 GMT

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Oct 9 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - GOT LETTER OF INTENT FROM MAHARASHTRA MARITIME BOARD

• JSW INFRA - LETTER OF INTENT FOR DEVELOPMENT OF ALL WEATHER, MULTIPURPOSE PORT

• JSW INFRA - ROYALTY PAYABLE BASED ON PER METRIC TON TO BE ESCALATED IN BLOCK PERIOD OF 5 YEARS

Further company coverage: JSWN.NS

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Oct 8 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• ARUN MAHESHWARI STEPPED DOWN AS JOINT MD, CEO

• RINKESH ROY NAMED AS JOINT MD, CEO

Source text for Eikon: ID:nBSE2b313Q

Further company coverage: JSWN.NS

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Sept 23 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - TAKES DELIVERY OF DREDGER TO SUPPORT ITS EXPANSION PLANS

Source text for Eikon: ID:nBSEmqfGp

Further company coverage: JSWN.NS

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Sept 16 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• EXPECTS 2.4X INCREASE IN OVERALL CAPACITY BY FY30

Source text for Eikon: [ID:]

Further company coverage: JSWN.NS

(Reporting by VijayDattaram Malkar)

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Sept 11 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• CLARIFICATION ON REPORT “JSW INFRA TO RAISE IN EXCESS 50 BILLION RUPEES VIA QIP"

• NO PROPOSAL FOR QIP PLACED FOR DISCUSSION BEFORE BOARD

Further company coverage: JSWN.NS

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Updates with details of the deal, context throughout

BENGALURU, Aug 30 (Reuters) - Adani Ports and Special Economic Zone APSE.NS said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.

Astro Offshore, in which Adani Ports will buy an 80% stake, owns a fleet of 26 vessels including barges and workboats, counting miner NMDC NMDC.NS and construction bellwether Larsen and Toubro LART.NS as its customers.

"Astro will add... to our current fleet of 142 tugs and dredgers... (and) the acquisition will also give us access to an impressive roster of tier-1 customers," Adani Ports CEO Ashwani Gupta said in a statement.

The deal comes as India's largest private port operator aims to grow its presence beyond its mainstay port operations to maintain its sector lead against smaller rivals JSW Infrastructure JSWN.NS and Gujarat Pipavav GPPL.NS.

The acquisition is expected to close within a month with no requirement of regulatory approvals, Adani Ports added.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

(([email protected]; X: @MukherjeeHritam;))

Adds details and background throughout

BENGALURU, Aug 1 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS reported a 47% jump in quarterly profit on Thursday, as strong commercial activity in the world's fifth-largest economy lifted cargo volumes.

Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 .NSEI gained 0.2%.

India's largest private port operator by volumes, Adani Ports said its consolidated net profit rose to 31.13 billion rupees (nearly $372 million) in its fiscal first quarter ended June, from 21.15 billion rupees a year earlier.

Revenue increased by more than 11% to 69.56 billion rupees. This excludes the 6.03 billion rupees received from the divestment of the Ennore terminal in Tamil Nadu state.

Port operators have benefited from sustained cargo movement in and out of India, supported by healthy domestic demand and sturdy commercial activity in Asia's third-largest economy .

Cargo volumes handled by Adani Ports rose 7.5% in the June quarter to 109 million metric tons (MMT), despite a loss of 6 million metric tons (MMT) in April and May due to the shutdown of its Gangavaram port in Andhra Pradesh state.

Adani Ports had declared a force majeure at its Gangavaram port in April after agitation by certain section of employees disrupted cargo handling and other associated cargo operations.

The company, which is a part of billionaire Gautam Adani's ports-to-power conglomerate, operates 13 ports and terminals in India, including the country's largest container handling port in Mundra in the western state of Gujarat.

The Mundra port handled 17.6 MMT cargo in May, a record monthly volume for any Indian port.

Last month, smaller rival JSW Infrastructure JSWN.NS posted a lower quarterly profit due to higher expenses.

($1 = 83.7155 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Subhranshu Sahu)

(([email protected]; X: @MukherjeeHritam;))

July 29 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• TO ENHANCE CARGO HANDLING CAPACITY TO 400MTPA BY FY2030 OR EARLIER

Source text for Eikon: [ID:]

Further company coverage: JSWN.NS

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** Shares of JSW Infrastructure JSWN.NS fall 3.8% to 323 rupees; set for worst day in over a month

** Port operator reports a ~9% decline in June-quarter consol net profit on higher expenses that jumped ~41%

** JSWN on track for third straight session of losses

** Avg rating of five analysts at "buy"; larger rival Adani Ports APSE.NS also rated "buy" on avg

** JSWN median PT at 282 rupees

** Stock up ~55% YTD compared with a ~45% rise in APSE

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

BENGALURU, July 18 (Reuters) - JSW Infrastructure JSWN.NS, India's second-largest private port operator in terms of cargo handled, reported a nearly 9% fall in first-quarter profit on Thursday, hurt by higher expenses.

Its consolidated net profit fell to 2.92 billion rupees (about $35 million) in the quarter ended June 30 from 3.21 billion rupees in the year-ago period.

Port operators, including JSW Infra's larger rival Adani Ports APSE.NS, have been benefiting from cargo movement across their ports with improved commercial activity in the country.

JSW Infrastructure, part of steel-to-power conglomerate JSW Group, said its cargo volume grew 9% year-on-year to 27.8 million tons, which helped revenue from operations rise 15%.

However, its total expenses jumped 41%, with operational expenses rising 23% year-on-year and eating into its profit.

JSW Infrastructure currently operates 10 ports along the country's coastline.

In June, the company acquired a majority stake in Navkar Corporation NAVR.NS through its unit JSW Port Logistics, entering the logistics sector.

JSW Infrastructure's shares closed 1.3% lower on Thursday, ahead of the results.

($1 = 83.6316 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru; Editing by Janane Venkatraman )

(([email protected];))

JSW Infrastructure Ltd JSWN.NS:

• JSW INFRASTRUCTURE LTD- CONCESSION AGREEMENT WITH V.O. CHIDAMBARANAR PORT AUTHORITY

• JSW INFRASTRUCTURE LTD- AGREEMENT FOR DEVELOPMENT MECHANIZATION OF NORTH CARGO BERTH-III

Source text for Eikon: ID:nBSE31DZzx

Further company coverage: JSWN.NS

June 27 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• UNIT JSW PORT WILL ACQUIRE EQUITY SHARES OF NAVKAR CORPORATION AT 95.61 RUPEES PER SHARE

Further company coverage: JSWN.NS

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June 20 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• INCORPORATED JSW PORT LOGISTICS

Source text for Eikon: ID:nBSE89J2y8

Further company coverage: JSWN.NS

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