Q2 Results: JSW Infrastructure Reports Dip in Profit Despite Higher Revenue

JSW Infrastructure Ltd reported its second-quarter results for the fiscal year ending September 30, 2025, showing a mixed performance. The company’s revenue from operations rose 26.4% year-on-year to ₹1,265.6 crore, up from ₹1,001.4 crore in the same period last year. This increase highlights continued business expansion and improved order inflows across key segments.

Net Profit Declines

Despite higher revenue, net profit for Q2 fell 2.8% year-on-year to ₹361.2 crore, compared to ₹371.5 crore in the previous fiscal’s corresponding quarter. The decline in profit was primarily due to higher operating expenses and a contraction in margins, reflecting challenges in maintaining cost efficiency despite growing top-line performance.

Operating Performance and Margins

At the operating level, JSW Infrastructure’s EBITDA for the quarter decreased by 24% to ₹513.6 crore from ₹676 crore in Q2 of the previous fiscal. The EBITDA margin fell significantly to 40.6% from 67.5% a year earlier, indicating pressure on profitability despite robust revenue growth. The results underline the impact of rising input costs and operational expenses on the company’s overall performance.

Market Reaction on JSW Infrastructure Share Price

Following the announcement, shares of JSW Infrastructure ended the trading session marginally lower. As of 3:59 p.m. on 16 October, JSW Infrastructure share price stood at ₹309, reflecting a 0.11% decline for the day. The stock’s market capitalisation was recorded at ₹64,869 crore, with the session’s trading range between ₹218 and ₹349.

The stock currently trades at a P/E ratio of 40.7 and a book value of ₹46.2. Investors receive a dividend yield of 0.26%, while the company reports a Return on Capital Employed (ROCE) of 13.9% and a Return on Equity (ROE) of 16.2%. The face value of each share is ₹2.00. 

Read More:JSW Paints launches ₹2,997 crore open offer to acquire 26% stake in Akzo Nobel India

Conclusion

JSW Infrastructure’s Q2 results reflect a scenario where revenue growth did not fully translate into higher profitability. While the company continues to expand operations, margin pressures and rising costs have impacted earnings. The performance emphasises the importance of monitoring both top-line and operating efficiency to gauge future financial health.

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