Conference Call with J Kumar Infraprojects Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company J Kumar Infraprojects announced standalone Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations for Q4FY24 grew by 26% to Rs 1,425 crore as compared to Rs 1,134 crore in Q4FY23. EBITDA for Q4FY24 grew by 27% to Rs 203 crore as compared to Rs 159 crore in Q4FY23. EBITDA margin for Q4FY24 stood at 14.3% as compared to 14.1% in Q4FY23. PBT for Q4FY24 grew by 34% to Rs 134 crore as compared to Rs 100 crore in Q4FY23. PBT margin for Q4FY24 stood at 9.4% as compared to 8.8% in Q4FY23. PAT for Q4FY24 grew by 35% to Rs 100 crore as compared to Rs 74 crore in Q4FY23. PAT margin for Q4FY24 stood at 7.0% as compared to 6.5% in Q4FY23. FY24 Financial Highlights: Revenue from Operations for FY24 grew by 16% to Rs 4,879 crore as compared to Rs 4,203 crore in FY23. EBITDA for FY24 grew by 18% to Rs 704 crore as compared to Rs 597 crore in Q4FY23. EBITDA margin for FY24 stood at 14.4% as compared to 14.2% in FY23. PBT for FY24 grew by 18% to Rs 441 crore as compared to Rs 374 crore in FY23. PBT margin for FY24 stood at 9.0% as compared to 8.9% in FY23. PAT for FY24 grew by 20% to Rs 329 crore as compared to Rs 274 crore in FY23. PAT margin for FY24 stood at 6.7% as compared to 6.5% in FY23. Total Order book as on March 31, 2024 stood at record high level Rs 21,011 crore. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 27%, Elevated Corridors / Flyovers, contributing to ~39%, Roads & Road Tunnels projects contributes ~ 24% and others contributing ~11%. The Company has received order worth Rs 11,810 crore during FY24. On the performance Kamal J. Gupta, Managing Director commented, “As we conclude FY24, we are pleased to report a period marked by significant achievements including the largest accretion in our order book, substantial revenue growth alongside margin expansion. The working capital cycle has also seen an improvement on back of substantial reduction in receivable days. On back of record order book and our execution prowess, we are confident of setting up new performance benchmarks in the years to come. Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help improve our margins. We at JKIL always work towards successful execution of continuing projects with a scope to scale up further. The Company will continue its focus on working capital management and quality of order book. We believe that India will emerge as one of the fastest growing infrastructure drivers in the world, marked by an unprecedented investment going into virtually every part of its transforming infrastructure story – whether it is airports, ports, railway stations, metro, expressways, water treatment projects or ropeways. On the other hand, we believe that a sectorial shakeout, higher construction benchmarks, and rising prequalification standards have led to an industry wide consolidation. This trend favours larger companies with robust Balance Sheets, enabling them to address even bigger opportunities and strengthen their market position.” Result PDF