ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25
JITFINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 6.8 pts more than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JITF Infralogistics submitted its 18th Annual Report for FY 2024-25. On a standalone basis, revenue from operations grew about 14% to Rs. 364.46 lakhs (vs Rs. 319.96 lakhs) and profit after tax rose to Rs. 28.47 lakhs (vs Rs. 17.19 lakhs). On a consolidated basis, revenue declined roughly 10.7% to Rs. 2,26,481 lakhs and the company swung to a loss of Rs. 2,443 lakhs against a profit of Rs. 4,703 lakhs in the previous year. A major highlight was the divestment of Jindal Rail Infrastructure Limited (JRIL) to Texmaco Rail & Engineering on 2 September 2024, with proceeds earmarked for expanding the Waste-to-Energy platform and reducing consolidated debt. Subsidiary JWIL Infra performed well, with PAT up 31.3% to Rs. 149.88 crore. No dividend was recommended and auditors gave a clean report with no qualifications.
Shareholders see a mixed picture: consolidated results turned to a loss and there is no dividend, but the JRIL sale sharpens the company's focus on the higher-growth Waste-to-Energy business and helps deleverage the balance sheet, which could be positive for the stock over the medium term.