Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JSW Infrastructure Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 915 | 878 | 848 | 940 | 1,096 | 1,010 | 1,001 | 1,182 | 1,283 | 1,224 | 1,266 | 1,350 | 1,522 |
| Expenses + | 444 | 427 | 396 | 460 | 515 | 495 | 481 | 596 | 642 | 643 | 656 | 706 | 753 |
| Operating Profit | 472 | 451 | 452 | 480 | 581 | 515 | 521 | 586 | 641 | 581 | 610 | 644 | 769 |
| OPM % | 52% | 51% | 53% | 51% | 53% | 51% | 52% | 50% | 50% | 47% | 48% | 48% | 51% |
| Other Income + | 58 | 40 | 47 | 78 | 104 | 94 | 87 | 83 | 89 | 90 | 107 | 52 | 17 |
| Interest | 136 | -16 | 71 | 143 | 134 | 82 | -80 | 256 | 8 | 55 | 105 | 93 | 130 |
| Depreciation | 98 | 95 | 101 | 108 | 134 | 135 | 134 | 138 | 140 | 143 | 149 | 164 | 158 |
| Profit before tax | 295 | 412 | 328 | 307 | 417 | 392 | 554 | 276 | 581 | 473 | 463 | 439 | 498 |
| Tax % | -2% | 22% | 22% | 17% | 21% | 24% | 33% | -22% | 11% | 18% | 20% | 17% | 15% |
| Net Profit + | 302 | 322 | 256 | 254 | 329 | 297 | 374 | 336 | 516 | 390 | 369 | 365 | 424 |
| EPS in Rs | 1.61 | 1.72 | 1.21 | 1.19 | 1.57 | 1.39 | 1.77 | 1.57 | 2.43 | 1.83 | 1.72 | 1.71 | 1.99 |
Financials of JSW Infrastructure Ltd
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 888 | 998 | 1,080 | 1,143 | 1,604 | 2,273 | 3,195 | 3,763 | 4,476 | 5,361 |
| Expenses + | 377 | 410 | 550 | 524 | 787 | 1,164 | 1,572 | 1,795 | 2,214 | 2,758 |
| Operating Profit | 511 | 588 | 530 | 619 | 816 | 1,109 | 1,623 | 1,968 | 2,262 | 2,604 |
| OPM % | 58% | 59% | 49% | 54% | 51% | 49% | 51% | 52% | 51% | 49% |
| Other Income + | 57 | 77 | 101 | 94 | 75 | 106 | 176 | 266 | 353 | 266 |
| Interest | 90 | 130 | 177 | 277 | 228 | 420 | 596 | 332 | 266 | 383 |
| Depreciation | 82 | 157 | 171 | 202 | 271 | 370 | 391 | 436 | 547 | 614 |
| Profit before tax | 396 | 377 | 284 | 234 | 393 | 426 | 811 | 1,465 | 1,803 | 1,873 |
| Tax % | 22% | 26% | 4% | 16% | 28% | 22% | 8% | 21% | 16% | 17% |
| Net Profit + | 310 | 281 | 272 | 197 | 285 | 330 | 750 | 1,161 | 1,521 | 1,547 |
| EPS in Rs | 54.60 | 44.09 | 43.93 | 31.37 | 48.00 | 54.02 | 3.97 | 5.50 | 7.16 | 7.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 11% | 12% |
Financials of JSW Infrastructure Ltd
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 56 | 60 | 60 | 60 | 60 | 60 | 360 | 410 | 415 | 417 |
| Reserves | 1,798 | 2,553 | 2,827 | 2,488 | 2,831 | 3,212 | 3,635 | 7,616 | 9,282 | 10,460 |
| Borrowings + | 1,599 | 1,732 | 2,051 | 3,103 | 3,946 | 4,740 | 4,568 | 4,758 | 5,042 | 6,899 |
| Other Liabilities + | 628 | 840 | 762 | 1,085 | 1,286 | 1,165 | 750 | 909 | 2,068 | 2,582 |
| Total Liabilities | 4,082 | 5,185 | 5,701 | 6,736 | 8,123 | 9,177 | 9,312 | 13,694 | 16,807 | 20,358 |
| Fixed Assets + | 2,730 | 3,186 | 3,256 | 3,948 | 4,924 | 6,134 | 5,975 | 7,757 | 9,523 | 10,568 |
| CWIP | 380 | 633 | 862 | 752 | 1,125 | 80 | 46 | 132 | 2,020 | 3,147 |
| Investments | 95 | 28 | 230 | 376 | 296 | 283 | 307 | 244 | 183 | 25 |
| Other Assets + | 877 | 1,338 | 1,352 | 1,660 | 1,779 | 2,681 | 2,985 | 5,560 | 5,081 | 6,618 |
| Total Assets | 4,082 | 5,185 | 5,701 | 6,736 | 8,123 | 9,177 | 9,312 | 13,694 | 16,807 | 20,358 |
Financials of JSW Infrastructure Ltd
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 616 | 600 | 328 | 259 | 990 | 1,176 | 1,797 | 1,803 | 2,100 | 2,022 |
| Cash from Investing Activity + | -1,052 | -1,098 | -495 | -378 | -1,637 | -801 | -883 | -4,202 | -1,691 | -2,062 |
| Cash from Financing Activity + | 387 | 540 | 140 | 226 | 641 | 3 | -825 | 2,504 | -521 | 227 |
| Net Cash Flow | -49 | 41 | -27 | 107 | -6 | 377 | 90 | 105 | -112 | 186 |
| Free Cash Flow | -424 | -338 | -24 | -400 | -602 | 669 | 1,528 | 1,555 | 26 | -467 |
| CFO/OP | 137% | 119% | 67% | 48% | 129% | 117% | 122% | 104% | 105% | 91% |
Financials of JSW Infrastructure Ltd
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 108 | 104 | 160 | 94 | 97 | 46 | 66 | 66 | 72 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 82 | 108 | 104 | 160 | 94 | 97 | 46 | 66 | 66 | 72 |
| Working Capital Days | -169 | -27 | 181 | 122 | 52 | 63 | 16 | 34 | 10 | 11 |
| ROCE % | 12% | 9% | 9% | 10% | 11% | 17% | 16% | 14% | 14% |