Conference Call with J Kumar Infraprojects Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with J Kumar Infraprojects Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
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.