In the early trading hours of November 6, JSW Infrastructure witnessed an impressive surge of over 9 percent following the release of its Q2 earnings report, which showcased an outstanding 85 percent increase in profits.
The commercial ports operator disclosed a consolidated profit of Rs 255.87 crore in its first quarterly report after being listed on the bourses, marking a substantial rise from the previous year’s figure of Rs 138.29 crore, as announced on November 3.
During the July-September period, JSW Infrastructure’s income experienced significant growth, reaching Rs 895.48 crore compared to the previous fiscal year’s Rs 696.51 crore.
Notably, the company received board approval for the acquisition of Marine Oil Terminal Corp, including its Fujairah branch, by its subsidiary JSW Terminal (Middle East) FZE, from MPT Commodities, British Virgin Islands (Mercuria Group), according to the firm’s filing.
By 11:30 am, the stock was trading at ₹187.70 on the National Stock Exchange, reflecting a remarkable increase of 9.48 percent from the previous close.
