JSW Infrastructure Share Price Surges After Q4 Results

JSW Infrastructure Ltd.'s share price spiked 3.51% following the announcement of its fourth-quarter results.

The company's revenue increased by 17% to Rs 1,283 crore, surpassing the previous year's Rs 1,096 crore and slightly exceeding Bloomberg's estimate of Rs 1,267 crore.

Additionally, JSW Infrastructure's earnings before interest, tax, amortisation and depreciation rose by 10% to Rs 641 crore, compared to Rs 582 crore in the previous year, and slightly above Bloomberg's estimate of Rs 637 crore.

Meanwhile, the company's margin expanded to 50%, compared to 53% in the previous year, aligning closely with Bloomberg's estimate of 50.3%, indicating a stable cost structure and effective management.

Furthermore, JSW Infrastructure's net profit surged by 54% to Rs 509 crore, significantly higher than the previous year's Rs 330 crore and well above Bloomberg's estimate of Rs 364 crore.

JSW Infrastructure is an infrastructure development company based in Mumbai, India. Founded in 1999, the company specialises in operating commercial ports both domestically and internationally. Its activities encompass developing, operating, and maintaining port services, as well as ports-related infrastructure projects.

The scrip rose as much as 3.51% to Rs 303.95 apiece. It pared gains to trade 1.57% higher at Rs 298.25 apiece, as of 09:27 a.m. This compares to a 0.47% advance in the NSE Nifty 50 Index.

It has risen 15.92% in the last 12 months. The relative strength index was at 50.

Out of 14 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold', and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.7%.