JSW Infrastructure Reports Positive Financial Performance in Q1 FY2024, Net Sales and Operating Profit Reach Highest in Five Quarters

May 03 2024 06:00 PM IST
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JSW Infrastructure, a leading port industry player, has reported a positive financial performance in the quarter ended March 2024. With a strong growth in net sales and operating profit, the company has shown a positive trend in the near term. However, increased interest cost and non-operating income need to be monitored for sustainable growth.

JSW Infrastructure, a leading player in the port industry, has recently announced its financial results for the quarter ended March 2024. The company has shown a positive performance with a score of 7 out of 10, an improvement from the previous score of 5 in the last 3 months.

One of the key highlights of the financials is the increase in net sales, which has reached its highest at Rs 1,096.38 crore in the last five quarters. This shows a positive trend in the near term for the company. Additionally, the net sales have grown at a rate of 22.4% over the average net sales of the previous four quarters, indicating a strong growth trajectory.

The operating profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 581.18 crore in the last five quarters. This is a positive sign for the company and shows a positive trend in the near term.

The profit after tax (PAT) has also shown a positive trend, reaching its highest at Rs 330.01 crore in the last five quarters. This indicates a strong financial performance for the company in the near term.

However, there are some areas that need improvement for JSW Infrastructure. The interest cost has increased by 405.34% over the previous half-yearly period, which signifies increased borrowings. Additionally, the non-operating income has also increased, reaching its highest at Rs 103.92 crore in the last five quarters. This may not be sustainable as it comes from non-business activities.

Overall, JSW Infrastructure has shown a positive financial performance in the quarter ended March 2024. With a strong growth in net sales and operating profit, the company is on a positive trajectory. However, it is important for the company to keep a check on its interest cost and non-operating income to maintain a sustainable financial performance in the future. Based on these financials, MarketsMOJO has given a 'Hold' call for the stock of JSW Infrastructure.
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