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
Highlights: Robust broad based growth momentum as revenue grew by 62% YoY in Q2 FY22 and 90% YoY in H1 FY22 Reduction in Gross Debt by Rs 233 mn in H1 FY22 Revenue from Operations for Q2 FY22 grew by 62% to Rs 7,720 mn as compared to Rs 4,774 mn in Q2 FY21. EBIDTA for Q2 FY22 stood at Rs 1,100 mn as compared to Rs 632 mn in Q2 FY21. EBIDTA margin for Q2 FY22 stood at 14.3% as compared to 13.2% in Q2 FY21. PBT for Q2 FY22 grew by 448% to Rs 543 mn as compared to Rs 99 mn in Q2 FY21. PBT margin for Q2 FY22 stood at 7.0% as compared to 2.1% in Q2 FY21. PAT for Q2 FY22 grew by 478% to Rs 411 mn as compared to Rs 71 mn in Q2 FY21. PAT margin for Q2 FY22 stood at 5.3% as compared to 1.5% in Q2 FY21. Revenue from Operations for H1 FY22 grew by 90% to Rs 14,470 mn as compared to Rs 7,626 mn in H1 FY21. EBIDTA for H1 FY22 stood at Rs 2,068 mn as compared to Rs 915 mn in H1 FY21. EBIDTA margin for H1 FY22 stood at 14.3% as compared to 12.0% in H1 FY21. PBT for H1 FY22 grew by 652% to Rs 970 mn as compared to Rs (176) mn in H1 FY21. PBT margin for H1 FY22 stood at 6.7% as compared to (2.3)% in H1 FY21. PAT for H1 FY22 grew by 634% to Rs 732 mn as compared to Rs (137) mn in H1 FY21. PAT margin for H1 FY22 stood at 5.1% as compared to (1.8)% in H1 FY21. On the performance Mr. Kamal Gupta, Managing Director commented, “I am pleased that we have delivered a resilient performance amidst challenging market conditions with unprecedented increase in commodity prices and logistics cost. Our ability to deliver revenue growth of 90% YoY and receive new orders of over Rs 1,540 Crores in first half of FY22, demonstrates the inherent strengths of our business and testament to our execution capabilities. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth. Our well diversified & strong order book of Rs 1,12,092 mn ensures sustainable growth momentum. The strong impetus from the Government on pushing infrastructure development projects in the recent budget announcement to kick start the economy 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. With our expertise and track record, we are hopeful of being awarded more such Urban Infra Projects across the country. With a comfortable debt equity ratio, we have sufficient headroom to capitalise on opportunities of huge Infrastructure development in country. We expect the tendering activities to intensify further in coming quarters. 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