New Delhi, India | January 30, 2025 – JITF Infralogistics Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting mixed performance across key financial indicators.
Key Financial Highlights (Standalone)
| Metric | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 79.67 | 113.42 | 80.92 | 276.86 | 244.33 | 319.96 |
| Total Income (₹ Cr) | 80.54 | 113.43 | 81.77 | 277.74 | 245.18 | 320.81 |
| EBITDA (₹ Cr) | 1.26 | 16.78 | 4.27 | 24.66 | 19.21 | 22.99 |
| Net Profit (₹ Cr) | 0.39 | 12.88 | 3.19 | 18.23 | 14.37 | 17.19 |
| Earnings per Share (₹) | 0.002 | 0.05 | 0.01 | 0.07 | 0.06 | 0.07 |
- Revenue from operations saw a sequential decline of 29.8% QoQ to ₹79.67 Cr but remained stable on a YoY basis.
- Net profit for the quarter stood at ₹0.39 Cr, significantly lower than the ₹12.88 Cr profit recorded in the previous quarter.
Key Financial Highlights (Consolidated)
| Metric | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 53,171.08 | 48,059.19 | 61,873.35 | 147,728.66 | 183,214.48 | 253,518.17 |
| Total Income (₹ Cr) | 54,420.22 | 49,138.41 | 62,395.36 | 150,832.19 | 190,008.47 | 258,613.56 |
| Net Profit (₹ Cr) | 436.90 | 11,330.64 | 3,060.06 | 14,079.47 | 4,987.12 | 9,082.33 |
| Earnings per Share (₹) | -3.10 | 31.22 | 5.32 | 31.38 | 1.11 | 13.73 |
- The company reported a significant drop in revenue by 14.1% YoY for Q3 FY25.
- Net profit from continuing operations stood at ₹111.35 Cr, but total profit, including discontinued operations, rose to ₹436.90 Cr.
Segment Performance
JITF Infralogistics operates in three primary segments:- Water Infrastructure: Revenue at ₹44,225.34 Cr (QoQ increase of 11.6%).
- Urban Infrastructure: ₹8,945.74 Cr in revenue (QoQ growth of 6%).
- Trading Activities: No revenue reported for Q3.
Management Commentary
Amarendra Kumar Sinha, Whole-Time Director, commented:"Despite macroeconomic challenges, our diversified operations helped us maintain stability. The sale of JRIL has strengthened our balance sheet, and we are now focused on scaling up our Water and Urban Infrastructure businesses."
Strategic Updates
- Disinvestment in JRIL: The company has exited the rail freight wagon business and will now focus on water and urban infrastructure.
- Legal Developments: Arbitration awards worth ₹204.44 Cr (Jalandhar) and ₹92.29 Cr (Ferozepur) are under legal review.
Outlook
- The company expects steady revenue growth in Water Infrastructure and legal resolution of pending arbitration cases.
- Debt reduction remains a key focus area, leveraging proceeds from the JRIL divestment.