JSW Infrastructure Limited — PPTs, 28-01-2025: Investor Presentation

**Financial Highlights:** In Q3 FY25, JSW Infrastructure reported robust financial performance, with total revenue of ₹1,265 crore, reflecting a 24% year-over-year increase. EBITDA rose to ₹670 crore, up 20% YoY, while PAT surged by 32% to ₹336 crore. For the nine-month period, total revenue reached ₹3,457 crore, an increase of 22% year-over-year, with PAT of ₹1,006 crore, up 21%.

**Strategic Initiatives and Growth Drivers:** The company handled a total cargo of 29.4 MT in Q3 FY25, marking an 11% YoY growth for the nine months. Notably, third-party customer volume increased to 49%, from 39% the previous year. Strong performance was attributed to increased capacity utilization, especially at the Paradip coal terminal. Interim operations at JNPA Liquid Terminal commenced, and expansions at various ports are underway.

**Business Developments:** Key expansions include the Mangalore Coal Terminal's capacity increase to 8.1 MTPA and PNP Port to 8 MTPA. Several projects are scheduled for completion between 2026-2029, paving the way for future growth.

**Market Position and Competitive Advantage:** JSW Infrastructure stands out as the second-largest private port operator in India with a market capitalization of approximately US$7 billion, leveraging strategically located assets and a diversified service portfolio.

**Investor Implications:** The company's solid financials, ongoing expansions, and positive customer mix indicate a favorable outlook. With significant cash reserves of ₹4,845 crore against a net debt of ₹827 crore, investors may view this as a potential growth opportunity.