India's 2nd Largest Port Operator Secures Order from Southern Railway for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal in Chennai

The company’s shares have delivered an impressive return of over 160 per cent compared to its IPO issue price.

Incorporated in 2006, JSW Infrastructure Limited specializes in maritime services such as cargo handling, storage solutions, and logistics.

Recently, the company announced that it has received a Letter of Acceptance from Southern Railway, Chennai Division, for the "Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT)" at Arakkonam, Chennai, Tamil Nadu. According to the terms, JSW Infrastructure will begin construction within three months of receiving approval and complete it within eighteen months thereafter. The agreement grants the company a 35-year license for the Railway land. The specific financial details of the contract were not disclosed.

Share Performance:

On Thursday JSW Infrastructure Limited shares closed the day at Rs 319.05 per share. The company’s current market capitalization stands at Rs 67000 crore. The stock has delivered a return of over 50 per cent in the past 6 months and a multibagger return of around 168 per cent compared to its final IPO issue price of Rs 119 each.

Financial performance:

According to the Quarterly Results, in Q4 FY24, JSW Infrastructure Limited reported a revenue of Rs 1096 crore and an operating profit of Rs 581 crore. The operating profit margin for the quarter stands at 53 per cent. The company’s net profit stood at Rs 329 crore. In FY24, the company reported a revenue of Rs 3763 crore compared to Rs 3195 crore and a net profit of Rs 1161 crore, compared to a profit of Rs 750 crore in the previous year.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.