Cement and Construction company JMC Projects (India) announced Q3FY22 results: KTPL (Consolidated): Revenue grew by 11% YoY to Rs.3,889 crores on account of robust project execution EBITDA of Rs.362 crores in Q3FY22 with margin of 9.3% Exceptional Items in Q3FY22 include: Gain on sale of KMTL of Rs.262 Crores; Value of fixed assets of Shree Shubham Logistics Ltd. (SSLL) written down by Rs.22 Crores; An amount aggregating of Rs.86 Crores for shortfall in termination payment and expected credit loss provided for Kurukshetra Expressway Private Ltd. (KEPL) PBT Before ECL and Exceptional Items was Rs.194 crores in Q3FY22 compared to Rs.204 crores in Q3FY21 Net Debt declined to Rs.2,044 crores as on 31 Dec 2021 from Rs.2,343 crores over the same period last year Consolidated Order Book at Rs.31,702 crores as on 31 Dec 2021; L1 of over Rs.5,300 crores Order Inflows of Rs.14,348 crores till date in FY22 KTPL (Standalone): Revenue of Rs.1,848 crores in Q3FY22 compared to Rs.1,993 crores in Q3FY21 EBITDA of Rs.168 crores with margin of 9.1% in Q3FY22 Exceptional item pertains to gain from sale of KMTL of Rs.262 Crores (net of expenses) in Q3FY22 PBT before exceptional items of Rs.137 crores in Q3FY22 compared to Rs.174 crores in Q3FY21 PAT grew by 23% YoY to Rs.316 crores in Q3FY22 Received new orders of Rs.803 crores in Jan-22 and Feb-22; Total orders received till date in FY22 is Rs.4,364 crores Order book at Rs.12,646 crores as on 31 Dec 2021; L1 of around Rs.4,000 crores Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPTL said: “We have delivered a robust performance at consolidated level with double-digit revenue growth, stable EBITDA margin, record order inflows including L1 and notable decline in net debt. Despite the challenging operating environment laden with inflated input prices and competitive pressure, we continue to drive value accretive growth in our chosen business verticals by expanding international presence and strengthening our market position with a cautious approach. This is reflective in our record order inflows and L1 position in core T&D;, B&F; and Water businesses along with widened international presence in three new countries during the year. As part of our strategy to strengthen our core EPC business, we have achieved divestment of T&D; BOOT assets. Simultaneously, we are working on sustainable solutions for our Road BOOT assets and divestment of other noncore businesses. In the near-term, we expect the operating environment to continue to remain challenging. In this scenario, we will manage our business with agility, with continued focus on improving project delivery and high emphasis on maintain healthy margins. We will continue to drive consistent and profitable growth through strengthening core business verticals, scaling up international markets, cost management and optimal investments.” Result PDF