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