Conference Call with J Kumar Infraprojects Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with J Kumar Infraprojects Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company J Kumar Infraprojects announced FY23 results: Revenue from Operations for FY23 grew by 19% to Rs 4,203 crore as compared to Rs 3,527 crore in FY22 EBITDA for FY23 grew by 18% to Rs 597 crore as compared to Rs 505 crore in FY22. EBITDA margin for FY23 stood at 14.2%. PBT for FY23 grew by 32% to Rs 374 crore as compared to Rs 283 crore in FY22. PBT margin for FY23 stood at 8.9% as compared to 8.0% in FY22. PAT for FY23 grew by 33% to Rs 274 crore as compared to Rs 206 crore in FY22. PAT margin for FY23 stood at 6.5% as compared to 5.8% in FY22. Total Order book as on March 31, 2023, stood at Rs 11,854 crore. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 53%, while Flyovers, Bridges & Roads projects contribute ~36% and others contributing ~11%. On the performance Kamal J. Gupta, Managing Director commented, “The performance for FY 2023 has been remarkable as we continued to accelerate profitable growth and build our position as a leading urban infrastructure EPC company. With a strong foundation in place, we enhanced our capabilities to capitalise on the emerging opportunities. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year. During the quarter, Mumbai Metro Project Line 2A and 7, comprised of 35 Km of viaduct and 30 stations constructed in 2 Phases were dedicated to Mumbaikars by Honourable Prime Minister Shri Narendra Modi ji. The government enhanced focus on infrastructure development reinforces the importance of the sector and the crucial role it plays in the growth of the economy. It plays a multiplier effect being the second-largest employment-generating sector. At J. Kumar, we are committed to nation-building and fulfilling dreams of world-class infrastructure for a new India. We are in the process of constructing a further ~61 Km of Metro Rail network across India. Taking a cue from the budget announcements, we are confident that the project awarding should gain further momentum in the coming quarters. We were awarded projects worth Rs 2,652 crore during FY 23. We are aggressively targeting projects which we believe will help us to maintain our current growth and margin profile. We are confident of being awarded projects in excess of Rs 5,000 crore during FY 24. Our robust execution capabilities coupled with a strong repository of asset base enable efficient execution reflected in strong revenue growth. With strong financial and technical metrics, we envisage becoming a USD 1 billion revenue company by FY27. Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help keep our margins healthy. We at JKIL always work towards the successful execution of continuing projects with a scope to scale up further. With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects. The Company will continue its focus on working capital management and quality of order book.” Result PDF
Construction & engineering firm J Kumar Infraprojects announced Q3FY23 results: Q3FY23: Revenue from operations for Q3FY23 grew by 10% to Rs 1,062 crore as compared to Rs 966 crore in Q3FY22. EBITDA for Q3FY23 stood at Rs 152 crore as compared to Rs 139 crore in Q3FY22. EBITDA margin for Q3FY23 stood at 14.3% as compared to 14.3% in Q3FY22. PBT for Q3FY23 grew by 17% to Rs 97 crore as compared to Rs 82 crore in Q3FY22. PBT margin for Q3FY23 stood at 9.1% as compared to 8.5% in Q3FY22. PAT for Q3FY23 grew by 21% to Rs 71 crore as compared to Rs 59 crore in Q3FY22. PAT margin for Q3FY23 stood at 6.7% as compared to 6.1% in Q3FY22. 9MFY23 vs 9MFY22: Revenue from Operations for 9MFY23 grew by 27% to Rs 3,069 crore as compared to Rs 2,413 crore in 9MFY22. EBITDA for 9MFY23 stood at Rs 438 crore as compared to Rs 345 crore in 9MFY22. EBITDA margin for 9MFY23 stood at 14.3%. PBT for 9MFY23 grew by 53% to Rs 273 crore as compared to Rs 179 crore in 9MFY22. PBT margin for 9MFY23 stood at 8.9% as compared to 7.4% in 9MFY22. PAT for 9MFY23 grew by 52% to Rs 201 crore as compared to Rs 132 crore in 9MFY22. PAT margin for 9MFY23 stood at 6.5% as compared to 5.5% in 9MFY22. On the performance Mr. Kamal J. Gupta, Managing Director commented, “Our progress in the nine months of the year under review reflects our resilience amid a challenging macro-economic environment. With a strong foundation in place, we enhanced our capabilities to capitalize on emerging opportunities. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year. We are honored to have played our part in the EPC construction of Mumbai Metro Project Line 2A and 7, comprised of 35 Km of a viaduct and 30 stations constructed in 2 Phases. The project was recently dedicated to Mumbaikars by Honourable Prime Minister Shri Narendra Modi ji. The government enhanced focus on infrastructure development reinforces the importance of the sector and the crucial role it plays in the growth of the economy. It plays a multiplier effect being the second-largest employment-generating sector. At J. Kumar, we are committed to nation-building and fulfilling dreams of world-class infrastructure for a new India. We are in the process of constructing a further ~61 Km of Metro Rail network across India. Taking a cue from the budget announcements, we are confident that the project awarding momentum should gain further momentum in the coming quarters. We have so far been awarded projects worth Rs 1,688 crore during FY23 and are aggressively targeting to achieve our guided order booking. Our robust execution capabilities coupled with the strong repository of asset base enabling efficient execution are reflected in strong revenue growth. With strong financial and technical metrics, we envisage becoming a US$ 1 billion revenue company by FY27. Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help keep our margins healthy. We at JKIL always work towards the successful execution of continuing projects with a scope to scale up further. With the sustained order inflow and our expertise in executing and delivering projects on time, we are optimistic that we shall witness healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up the execution of existing projects. The Company will continue its focus on working capital management and quality of order book.” Result PDF
Construction & Engineering company J Kumar Infraprojects announced Q2FY23 results: Q2FY23: Revenue from Operations for Q2FY23 grew by 31% to Rs. 1,013 crore as compared to Rs. 772 crore in Q2FY22. EBITDA for Q2FY23 grew by 32% to Rs. 146 crore as compared to Rs. 110 crore in Q2FY22. EBITDA margin for Q2FY23 stood at 14.4% as compared to 14.3% in Q2FY22. PBT for Q2FY23 grew by 71% to Rs. 93 crore as compared to Rs. 54 crore in Q2FY22. PBT margin for Q2FY23 stood at 9.2% as compared to 7.0% in Q2FY22. PAT for Q2FY23 grew by 64% to Rs. 68 crore as compared to Rs. 41 crore in Q2FY22. PAT margin for Q2FY23 stood at 6.7% as compared to 5.3% in Q2FY22. H1FY23: Revenue from Operations for H1FY23 grew by 39% to Rs. 2,007 crore as compared to Rs. 1,447 crore in H1FY22. EBITDA for H1FY23 grew by 38% to Rs. 286 crore as compared to Rs. 207 crore in H1FY22. EBITDA margin for H1FY23 stood at 14.3%. PBT for H1FY23 grew by 82% to Rs. 177 crore as compared to Rs. 97 crore in H1FY22. PBT margin for H1FY23 stood at 8.8% as compared to 6.7% in H1FY22. PAT for H1FY23 grew by 77% to Rs. 129 crore as compared to Rs. 73 crore in H1FY22. PAT margin for H1FY23 stood at 6.5% as compared to 5.1% in H1FY22. Our Total Order book as on September 30, 2022 stood at Rs. 11,439 crore. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 55%, while Flyover, Bridges & Roads projects contributes ~33%. On the performance Mr. Kamal J. Gupta, Managing Director commented, “Our progress in the first half of the year under review reflects our resilience amid a challenging macro-economic environment. With a strong foundation in place, we enhanced our capabilities to capitalise on the emerging opportunities. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year. We believe, for any growing economy, infrastructure projects have always been critical. Thus, we are working with industry bodies and other partners to reinforce the importance of infrastructure in gaining greater access to economic opportunity. Additionally, the Government’s thrust towards strengthening India’s infrastructure and connectivity motivates us to further scale up our operations. The project awarding has seen an uptick and likely to gain further momentum in coming quarters. We have so far been awarded projects worth Rs 1,688 Crores during FY23 and are confident of achieving our guided order booking. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth. With strong financial and technical metrics, we envisage becoming a $1bn revenue company by FY27. Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help keep our margins healthy. With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects.” Result PDF
Conference Call with J Kumar Infraprojects Ltd Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering firm J Kumar Infraprojects announced Q1FY23 Result : Revenue grew by 47% YoY to Rs 994 crores EBIDTA grew by 45% YoY to Rs 140 crores PAT grew by 92% YoY to Rs 62 crores Revenue from Operations for Q1 FY23 grew by 47% to Rs 994 crores as compared to Rs 675 crores in Q1 FY22. EBIDTA for Q1 FY23 stood at Rs 140 crores as compared to Rs 97 crores in Q1 FY22 EBIDTA margin for Q1 FY23 stood at 14.1%. PBT for Q1 FY23 grew by 96% to Rs 84 crores as compared to Rs 43 crores in Q1 FY22. PBT margin for Q1 FY23 stood at 8.4% as compared to 6.3% in Q1 FY22. PAT for Q1 FY23 grew by 93% to Rs 62 crores as compared to Rs 32 crores in Q1 FY22. PAT margin for Q1 FY23 stood at 6.2% as compared to 4.8% in Q1 FY22. The Company continued its focus on working capital management and quality of order book. Our Total Order book as on June 30, 2022 stood at Rs 12,095 crores. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 57%, while Flyover, Bridges & Roads projects contribute ~35%. On the performance Mr. Kamal J. Gupta, Managing Director commented, “We are excited to deliver another quarter of healthy performance with stable EBIDTA margins and debt levels. We are witnessing strong execution momentum across our projects and are focussed to create value for all our stakeholders. We are witnessing pick up in new projects awarding. The year FY23 has started on a positive note with projects awarded to the tune of Rs 1,374 Crores. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth. The strong impetus from the Government on pushing infrastructure development projects in the recent budget announcement alongside pandemic induced incentives and favourable policies such as lowering of bank guarantee requirement, faster clearance of bills and speedier clearances/approvals are very positive for the sector and overall economy. With strong financial and technical metrics, we envisage becoming a $1bn revenue company by FY27. Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help keep our margins healthy. We at JKIL always work towards successful execution of continuing projects with a scope to scale up further With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects.” Result PDF
J Kumar Infraprojects declares Q4FY22 result: Robust Project Execution translating into highest ever revenue Revenue grew by 37% YoY in FY22 and 12% YoY in Q4 FY22 PAT grew by 222% YoY in FY22 and 126% YoY in Q4 FY22 Reduction in Gross Debt by Rs 100 cr in FY22 compared to FY21 Revenue from Operations for Q4 FY22 grew by 12% to Rs 1,114 crores as compared to Rs 992 crores in Q4 FY21. EBIDTA for Q4 FY22 stood at Rs 159 cr as compared to Rs 104 cr in Q4 FY21. EBIDTA margin for Q4 FY22 stood at 14.3% as compared to 10.5% in Q4 FY21. PBT for Q4 FY22 grew by 133% to Rs 103 cr as compared to Rs 44 cr in Q4 FY21. PBT margin for Q4 FY22 stood at 9.3% as compared to 4.5% in Q4 FY21. PAT for Q4 FY22 grew by 126% to Rs 74 cr as compared to Rs 33 cr in Q4 FY21. PAT margin for Q4 FY22 stood at 6.6% as compared to 3.3% in Q4 FY21. Revenue from Operations for FY22 grew by 37% to Rs 3,527 cr as compared to Rs 2,571 cr in FY21. EBIDTA for FY22 stood at Rs 505 cr as compared to Rs 311 cr in FY21. EBIDTA margin for FY22 stood at 14.3% as compared to 12.1% in FY21. PBT for FY22 grew by 219% to Rs 283 cr as compared to Rs 89 cr in FY21. PBT margin for FY22 stood at 8.0% as compared to 3.4% in FY21. PAT for FY22 grew by 222% to Rs 206 cr as compared to Rs 64 cr in FY21. PAT margin for FY22 stood at 5.8% as compared to 2.5% in FY21. The Company continued its focus on working capital management and quality of order book. The Company has been able to reduce its debt levels sequentially despite challenging external environment. Our Total Order book as on March 31, 2022 stood at Rs11,936 cr. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 61%, while Flyover, Bridges & Roads projects contributes ~39%. On the performance Dr. Nalin J. Gupta, Managing Director commented, “Despite the unprecedented headwinds due to geo-political uncertainties, rising commodity and logistics cost, JKIL has delivered a noteworthy performance on various fronts including record revenue, order inflows, notable decline in gross debt and improved profitability. We were able to garner new orders worth Rs 3,685 Crores in FY22. We believe the order award will intensify in FY23. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth. Our healthy order book of Rs 11,936 Crores ensures sustainable growth momentum. The strong impetus from the Government on pushing infrastructure development projects in the recent budget announcement alongside pandemic induced incentives and favourable policies such as lowering of bank guarantee requirement, faster clearance of bills and speedier clearances/approvals are very positive for the sector and overall economy. Companies with credible balance sheet and execution track record would be benefitting most from the same. At JKIL, we firmly believe that this is the beginning towards further improvement in return ratios. With a comfortable debt equity ratio, we have sufficient headroom to capitalise on opportunities of huge Infrastructure development in country. With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects.” Result PDF
Conference Call with J Kumar Infraprojects (JKIL) Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company J Kumar Infraprojects declares Q3FY22 result: Revenue grew by 18% YoY in Q3 FY22 and 53% YoY in 9M FY22 Reduction in Gross Debt by Rs 543 mn in 9M FY22 compared to FY21 Revenue from Operations for Q3 FY22 grew by 18% to Rs 9,657 mn as compared to Rs 8,162 mn in Q3 FY21. EBIDTA for Q3 FY22 stood at Rs 1,386 mn as compared to Rs 1,155 mn in Q3 FY21. EBIDTA margin for Q3 FY22 stood at 14.3% as compared to 14.1% in Q3 FY21. PBT for Q3 FY22 grew by 33% to Rs 823 mn as compared to Rs 617 mn in Q3 FY21. PBT margin for Q3 FY22 stood at 8.5% as compared to 7.6% in Q3 FY21. PAT for Q3 FY22 grew by 31% to Rs 587 mn as compared to Rs 449 mn in Q3 FY21. PAT margin for Q3 FY22 stood at 6.1% as compared to 5.5% in Q3 FY21. Revenue from Operations for 9M FY22 grew by 53% to Rs 24,127 mn as compared to Rs 15,789 mn in 9M FY21. EBIDTA for 9M FY22 stood at Rs 3,454 mn as compared to Rs 2,070 mn in 9M FY21. EBIDTA margin for 9M FY22 stood at 14.3% as compared to 13.1% in 9M FY21. PBT for 9M FY22 grew by 306% to Rs 1,793 mn as compared to Rs 441 mn in 9M FY21. PBT margin for 9M FY22 stood at 7.4% as compared to 2.8% in 9M FY21. PAT for 9M FY22 grew by 323% to Rs 1,319 mn as compared to Rs 312 mn in 9M FY21. PAT margin for 9M FY22 stood at 5.5% as compared to 2.0% in 9M FY21. On the performance Mr. Kamal Gupta, Managing Director commented, “I am pleased that we have delivered a strong performance for the quarter amidst challenging market conditions. Our margins performance improved despite commodity headwinds. The order award remained subdued in the first 9M FY22. We were able to garner new orders worth Rs 1,811 Crores in 9M FY22. We believe the order award will intensify in FY23. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth. Our healthy order book of Rs 1,06,363 mn ensures sustainable growth momentum. The strong impetus from the Government on pushing infrastructure development projects in the recent budget announcement alongside pandemic induced incentives and favourable policies such as lowering of bank guarantee requirement, faster clearance of bills and speedier clearances/approvals are very positive for the sector and overall economy. Companies with credible balance sheet and execution track record would be benefitting most from the same. At JKIL, we firmly believes that this is the beginning towards further improvement in return ratios. With a comfortable debt equity ratio, we have sufficient headroom to capitalise on opportunities of huge Infrastructure development in country. With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects.” Result PDF