Quarterly revenue increased by 18.6% to ₹1,522.3 crore, compared to ₹1,283.2 crore a year ago. EBITDA rose by 19.9% year-on-year to ₹768.8 crore from ₹641 crore in the previous year. The EBITDA margin for the quarter was 50.5%, slightly up from 50% in the corresponding quarter last year.
Cargo volumes handled during the quarter reached 31.6 million tonnes, reflecting a 1% increase from the previous year. This growth was attributed to higher volumes at South West Port, Dharamtar Port, and Jaigarh Port, boosted by increased cargo from anchor customers, alongside contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.
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The company noted that growth was somewhat tempered by reduced volumes at its Fujairah facility due to disruptions related to the ongoing Middle East conflict, as well as cargo deferments at Indian operations in March caused by decreased vessel availability and heightened freight costs. The availability of vessels and operations improved from April 2026 onward.
Port segment operational revenue climbed 12% year-on-year to ₹1,295 crore in Q4 FY26, up from ₹1,152 crore the previous year, driven by better realisations, growth in cargo volumes, increased ancillary services like storage and transportation, and rupee depreciation. Operational EBITDA for the segment increased by 13% to ₹705 crore.
Also Read: Here’s why shares of JSW Infra are surging despite a near-term guidance cutNavkar Corporation witnessed an increase in both EXIM and domestic cargo volumes for the quarter. EXIM cargo volumes surged by 14% year-on-year to 86,000 TEUs, while domestic cargo volumes grew by 56% to 427,000 metric tonnes.
For FY26, cargo handled volumes rose by 4% year-on-year to 122 million tonnes, while third-party volumes increased by 3% to 58.8 million tonnes. Revenue from operations for the year grew by 20% to ₹5,361 crore, operating EBITDA rose by 15% to ₹2,604 crore, and adjusted PAT increased by 12% to ₹1,644 crore.
The company’s net debt to operating EBITDA ratio was recorded at 1.2x at the close of FY26. Gross debt stood at ₹6,410 crore, while cash and bank balances totaled ₹3,309 crore.
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The board has proposed a dividend of ₹0.90 per equity share with a face value of ₹2 for FY26, pending shareholder approval. Shares of JSW Infrastructure Ltd closed at ₹283.55, up by ₹2.10, or 0.75%, on the BSE.
