JSW Infrastructure Ltd

Q4 FY26Transport Infrastructure

JSW Infrastructure Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹364

Market cap₹81.1K Cr

P/E52.3

Updated23 Sept 2026

Read4 min read

The short version

JSW Infrastructure targets scaling cargo handling capacity to 400 million tonnes by FY2030. JSW Infrastructure targets a 25% CAGR growth post-FY30, continuing expansion in existing and new ports.

From JSW Infrastructure Ltd's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

JSW Infrastructure targets scaling cargo handling capacity to 400 million tonnes by FY2030.
Ports capacity expansion: Dolvi (10 to 15 million tonnes), Dharamtar (24 to 38 million tonnes), Jaigarh (20-21 to ~33-34 million tonnes).
Post 2030, plans to add 20-30 million tonnes capacity at Keni and further expansions at existing ports.
Logistics segment aims for INR8,000 crores top line by FY2030 with EBITDA of INR700 crores in FY28.
Expect 25% CAGR growth, continuing beyond FY2030 through expansions and acquisitions.
In FY27 and FY28, INR16,500 crores capex planned (INR13,000 crores for ports, INR3,500 crores logistics).

2 more points management made on revenue & sales performance

Profitability & Margins

JSW Infrastructure targets a 25% CAGR growth post-FY30, continuing expansion in existing and new ports.
Consolidated operating EBITDA is expected to grow 15% to INR3,000 crores in FY27 and nearly double to INR5,000 crores in FY28.
Revenue CAGR between FY26-FY28 projected at 42%, EBITDA CAGR at 39%.
Logistics EBITDA guidance: INR400 crores in FY27 and INR700 crores in FY28, with improved margins.
INR8,000 crores top-line target for logistics by FY30.
NAVKAR turnaround indicates capacity utilization increase and EBITDA growth.
Plans for adding 20-30 million tonnes capacity at ports like Keni and expansions at existing terminals post-2030.

2 more points management made on profitability & margins

See what JSW Infrastructure Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

JSW Infrastructure plans to invest approximately INR 16,500 crores during FY '27 and FY '28.
Of this, around INR 13,000 crores are allocated for the ports business.
INR 3,500 crores are earmarked for the logistics segment.
The capex split is expected to be 40% in FY '27 and 60% in FY '28.
Investment includes a mix of greenfield, brownfield, and merger & acquisition (M&A) opportunities, especially in the logistics space.
The company continues to bid for new terminals beyond its existing 400 million tonnes capacity guidance.
Significant projects include expansions at Dolvi, Dharamtar, Jaigarh, Jatadhar, and potential new developments like Oman port (pending concession agreement).

2 more points management made on capital expenditure plans

Top-ranked in Transport Infrastructure

Ranked on what management guided this quarter

5x potential

1Guj Pipavav Port₹7.9K Cr

Rev 2Mar 3

2Anantam Highways₹2.3K Cr

Rev 2Mar 3

3₹338 Cr

Rev 3Mar 1

4₹4.1L Cr

Rev 3Mar 3

5₹21.0K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

As of March 2026, JSW Infrastructure Limited has a strong balance sheet with net debt of INR3,100 crores and a net debt to operating EBITDA ratio of 1.2x, considered one of the strongest in the sector.
The company indicated plans to invest approximately INR16,500 crores over FY27 and FY28, split as INR13,000 crores for ports and INR3,500 crores for logistics.
While no explicit mention was made of new equity or debt fundraising in the transcript, the strong balance sheet position and steady cash flows position the company well to pursue its growth plans.

2 more points management made on fundraising & capital structure

See what JSW Infrastructure Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

JSW Infrastructure plans to invest approximately INR 16,500 crores over FY '27 and FY '28.
Of this, INR 13,000 crores is allocated to ports, and INR 3,500 crores to the logistics segment.
Capex split: 40% expected in FY '27 and 60% in FY '28.
They are actively pursuing acquisitions primarily in the logistics space, considering greenfield, brownfield, and M&A opportunities.
The company continues to bid for new terminals not included in their 400 million tonnes capacity guidance.
The balance sheet has headroom with a net debt to EBITDA ratio well below their threshold (around 1.2x vs. 2.5x limit), enabling aggressive growth plans.

2 more points management made on order book & pipeline

JSW Infrastructure Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹424 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What JSW Infrast's management said in earlier quarters

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Frequently Asked Questions

What were JSW Infrastructure Ltd Q4 FY26 results?

JSW Infrastructure targets scaling cargo handling capacity to 400 million tonnes by FY2030. JSW Infrastructure targets a 25% CAGR growth post-FY30, continuing expansion in existing and new ports.

What is JSW Infrastructure Ltd share price analysis?

JSW Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 52.3 with a market cap of ₹81,142 Cr. Investors should review the full earnings analysis for detailed insights.

Is JSW Infrastructure Ltd planning capital expenditure?

JSW Infrastructure plans to invest approximately INR 16,500 crores during FY '27 and FY '28.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.