The share price of JSW Infrastructure jumped 8.5% in today’s trade to a high of Rs 279.50 on the National Stock Exchange, closing 5.65% higher at Rs 272.25. The rally in the stock price came after the company reported its quarterly earnings for Q3 FY26, following which the brokerage houses gave their positive reaction to the quarterly results.
Nuvama on JSW Infra
JSW Infrastructure delivered an in-line Q3FY26 performance with operational revenue and EBITDA and PAT growing 14% and 10% and 9% YoY, respectively. The brokerage house, Nuvama Institutional Equities, maintained a ‘Buy’ rating on the stock, with a target price of Rs 360, implying an upside of 40% from the current market price.
Cargo growth (8% YoY) was led by Dharamtar, South West Port and overseas terminals, along with contributions from JNPA liquid and Tuticorin, while being partly offset by weaker volumes at Paradip iron ore and coal terminals, said Nuvama. The logistics business (Navkar) continued its strong momentum, driven by robust EXIM and domestic volumes. JSW Infrastructure rolled out a strong annual guidance for FY26, FY27, and FY28 for both ports and logistics segments.
Motilal Oswal on JSW Infra
Motilal Oswal maintained its ‘Buy’ rating on the stock, with a target price of Rs 360, which implies an upside of over 40% from the current market price.
JSW Infra’s management expects its FY26 cargo volume to be 123MT. The long-term vision includes expanding port capacity to 400MTPA by FY30 and building a logistics platform delivering Rs 8,000 crore in revenue and a 25% EBITDA margin.
Motilal Oswal said that the company is backed by aggressive yet disciplined capex, customer diversification, and multimodal infrastructure expansion. JSW Infrastructure remains well-positioned for structural growth across India’s maritime and logistics value chain.
“We expect JSW Infrastructure to strengthen its market dominance, leading to a 13% volume CAGR over FY25-28. This, along with a sharp rise in logistics revenues, is expected to drive a 33% CAGR in revenue and a 28% CAGR in EBITDA over the same period,” said Motilal Oswal.
JSW Infrastructure Q3FY26
JSW Infrastructure posted an increase of 8.89% year-over-year in consolidated net profit, which came in at Rs 359.1 crore for the third quarter of the current financial year (Q3 FY26). The company’s revenue from operations grew 14.2% YoY to Rs 1,349 crore.
The company’s operational earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 10% YoY to Rs 644 crore for the quarter under review, while total expenses declined 2.67% to Rs 962.97 crore.
JSW Infrastructure share performance
The share price of JSW Infrastructure has risen 3% in the last five trading sessions. The stock has changed little over the last month and has dropped roughly 13% in the past six months. JSW Infrastructure’s stock price has fallen 6.7% in the past one year.
Disclaimer: This article provides factual analysis only and is not, and should not be construed as, an offer, solicitation, or recommendation to buy or sell securities. Investors must conduct their own independent due diligence and seek advice from a SEBI-registered financial advisor.