Revenue from operations grew 26% year-on-year to Rs 11.8 billion, while expenses surged to Rs 9.89 billion from Rs 7.11 billion a year ago. Ebitda increased 20% to Rs 6.7 billion, maintaining a 52.9% margin.

During the quarter, JSW Infra handled 29.4 million tonnes of cargo, marking a 5% rise. Revenue from port operations stood at Rs 10.63 billion, while the logistics segment contributed Rs 1.18 billion, a newly activated business for the company.

The company has outlined a Rs 300 billion capex plan for FY25-FY30 to boost cargo handling capacity to 400 million tonnes per annum through brownfield and greenfield expansions and logistics integration. However, lower cargo volumes at the Iron Ore terminal in Paradip partially offset the overall growth.

JSW Infrastructure currently operates 10 port concessions across India's coasts and has a liquid tank storage facility in Fujairah, UAE, with a 465,000 cubic meter capacity.