JSW Infrastructure's net profit down 12% in Q2 at ₹318 crore
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- ✓JSW Infrastructure reported its net profit fell 12 per cent to ₹318 crore for the September quarter.
- ✓While profit dropped, revenue grew 17 per cent to ₹1,481 crore.
- ✓The company saw cargo volumes rise by 8 per cent, and EBITDA also went up 11 per cent to reach ₹674 crore today.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
EBITDA was up 11% at ₹674 crore and the company recorded net cash of ₹1,693 crore and gross debt of ₹7,292 crore
JSW Infrastructure reported that its net profit (attributable to owners) in September quarter was down 12 per cent at ₹318 crore (₹361 crore) while revenue was up 17 per cent at ₹1,481 crore (₹1,266 crore).
EBITDA was up 11 per cent at ₹674 crore. The company recorded net cash of ₹1,693 crore and gross debt of ₹7,292 crore.
During the quarter, the company's cargo volumes in India grew by 8 per cent to 29.4 million tonne.
Revenue for the ports segment increased by 9 per cent to ₹1,202 crore (₹1,103 crore) driven by volume growth, increase in the ancillary services and rupee depreciation.
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