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B L Kashyap & Sons Limited (BSE: 532719, NSE: BLKASHYAP), a civil engineering and construction company, has released its financial results for the third quarter of the fiscal year 2024-25. In Q3FY25, the company reported a standalone revenue of Rs 247.14 Crore and a PAT of Rs 0.94 Crore. The company's consolidated revenue stood at Rs 882.41 Crore, with a PAT of Rs 30.74 Crore, for the nine months ending 31 December 2024.
In comparison, the company reported a standalone revenue of Rs 275.67 Crore and PAT of Rs 10.87 Crore in Q2FY25. For the third quarter of the previous fiscal year (Q3FY24), B L Kashyap & Sons recorded revenue of Rs 322.99 Crore and PAT of Rs 8.87 Crore, with consolidated revenue of Rs 907.98 Crore and PAT of Rs 28.86 Crore for the nine months ended on 31 December 2023.
Vineet Kashyap, Managing Director of B L Kashyap & Sons Ltd., said, "Despite facing challenges such as skilled labour shortages, project closures due to NGT in NCR and other issues, and cash flow constraints in Q2FY25, we have taken strategic steps to mitigate these hurdles and drive sustainable growth. We are actively bidding for larger government and private projects. With our CRISIL rating upgraded from B- to B+, we are strengthening our position by targeting high-trust, high-margin projects, expanding into new markets like Pune and Hyderabad, and focusing on promising sectors such as residential, railway infrastructure, and hospitals. Investments in execution capabilities, mid and senior-level hiring, technology-driven process enhancements, and ERP upgrades are reinforcing our operational efficiency.
We remain on track to achieve our FY 2024-25 revenue target backed by an order book of Rs 3,500-4,000 Crore as of 1 April 2025. With a structured approach to tendering, strengthened execution capabilities, and a relentless focus on quality and safety, we are confident in our ability to sustain momentum and capitalise on emerging opportunities."
The business has been awarded Rs 250 Crore worth of orders during the third quarter of FY2025. The company secured an order from Anant Raj Limited, which contributed to its growth. As of the nine months ending 31 December 2024, the company's total order book stood at Rs 3,311 Crore, a slight increase compared to Rs 3,276 Crore for the corresponding period in the previous year.
The government sector, including commercial, infrastructure/industrial and institutional, contributes to about 13 per cent, and the private sector constitutes 87 per cent of the total order book. As per the geographical mix, the top three states are Haryana at 45.35 per cent, Karnataka at 34 per cent, and Delhi at 10.11 per cent.
