Construction company JMC Projects (India) announced Q2FY23 results: Q2FY23 (consolidated): Revenue at Rs 3,798 crore, up 7% YoY EBITDA at Rs 350 crore, growth of 16% YoY; EBITDA margins at 9.2% PBT (before exceptional) grew by 17% YoY to Rs 150 crores PBT (after exceptional) at Rs 144 crores with a margin of 3.8% Reported PAT at Rs 98 crore, growth of 18% YoY Net debt as on 30 Sep 2022 at Rs 2,905 crore H1FY23 (consolidated): Revenue at Rs 7,475 crore, increased by 11% YoY EBITDA at Rs 665 crore; EBITDA margins at 8.9% PBT (after exceptional) at Rs 271 crores, up by 42% YoY Reported PAT at Rs 186 crore, up by 16% YoY Revenue of LMG (Sweden) of Rs 522 crore and Fasttel (Brazil) of Rs 221 crore in H1FY23 Q2FY23 (standalone): Revenue at Rs 1,529 crore in Q2FY23 compared to Rs 1,618 crore in Q2 FY22 EBITDA at Rs 125 crore; EBITDA margins at 8.2% PBT (after exceptional) at Rs 86 crore, increased by 18% YoY Reported PAT at Rs 62 crore, growth of 68% YoY Net Debt as on 30 Sep 2022 at Rs 1,247 crore Manish Mohnot, MD & CEO, KPTL, said: “We have delivered notable growth in revenue, EBITDA and net profit in Q2 FY23 and H1 FY23, on the back of our resilient and diversified business model. Despite the ongoing volatility and disruptions in the global business environment, we continue to make significant strides with order wins in focused business segments and key markets. Our Order Book is at an all-time high of Rs 38,550 crore with YTD order wins of Rs 14,388 crore and L1 of over Rs 6,000 crore. We continue to progress on our key strategic priorities including the merger of JMC with KPTL, which will significantly enhance our market position. We will continue to prioritize divestment and restructuring of non-core businesses & assets. Looking ahead, we expect strong revenue growth, stable EBITDA margins and reduction in net debt in FY23.” Result PDF
JMC Projects (India) announced Q1FY23 Results: Consolidated KPTL: Revenue at Rs 3,677 crores, up 15% YoY EBITDA at Rs 315 crores, growth of 6% YoY; EBITDA margin at 8.6% PBT Before Exceptional Items grew by 10% YoY to Rs 139 crores Exceptional Items include expected loss on sale of certain Properties, Plant and Equipments by Shree Shubham Logistics Ltd.(SSL) PBT After Exceptional Items at Rs 127 crores with margin of 3.5% PAT at Rs 88 crores, growth of 13% YoY Net Debt as on 30 June 2022 at Rs 2,301 crores, declined by 22% YoY Standalone KPTL: Revenue at Rs 1,542 crores, declined by 3% YoY EBITDA at Rs 130 crores; EBITDA margin at 8.4% PBT at Rs 139 crores, up by 20% YoY PAT at Rs 113 crores, up by 49% YoY; PAT Margin at 7.3% Net Debt as on 30 June 2022 at Rs 929 crores, declined by 24% YoY Total orders received in FY23 till date is Rs 4,254 crores (Orders received in Q1FY23 is Rs 3,633 crores) Order book at Rs 17,570 crores as on 30 June 2022; Additional L1 of around Rs.4,200 crores Standalone: Revenue at Rs 1,620 crores, up by 44% YoY EBITDA at Rs 137 crores, up by 69% YoY; EBITDA margin at 8.4% PBT at Rs 69 crores, up by 255% YoY PAT grew by 212% YoY to Rs 51 crores Net Debt as on 30 June 2022 at Rs 574 crores, down by 20% YoY Total orders received in FY23 till date is Rs 3,698 crores (Orders received in Q1FY23 is Rs 3,288 crores) Order book at Rs 19,448 crores as on 30 June 2022; Additional L1 of around Rs.2,800 crores Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPTL said: “We have started the financial year on a good note with strong traction across all our businesses. We have delivered robust growth in consolidated revenue and PAT. We have maintained heathy EBITDA margin of 8.6% in Q1FY23. We are seeing margin pressure beginning to ease off during the current quarter with softening of commodity prices and we hope this reversal trend in inflated prices to continue. Our consolidated order inflows till date in FY23 is at Rs 7,952 Crores and additionally we are L1 in orders of around ? 7,000 Crores. This gives us good visibility to achieve the targeted growth going forward. Furthermore, we have made foray in high growth infrastructure businesses like elevated metro rail structures, airport, metro rail electrification and data centres, there by strengthening our market position in the EPC market. We continue to make progress on our key strategic priorities – Growth in core EPC Business, International Expansion, Further Strengthening of Balance sheet and Divestment of Non-core Businesses/ Assets. We are optimistic about business visibility across all our businesses and the company’s robust competitive and financial position in the sector.” Result PDF