- Kumar Infraprojects Limited (JKIL), a pure play EPC company having a niche in construction of Urban Infra Projects including metros, flyover, bridges announced its Unaudited Financial results for the quarter and nine months ended December 31, 2022.
Revenue from Operations for Q3 FY23 grew by 10% to Rs 1,062 crores as compared to Rs 966 crores in Q3 FY22. EBITDA for Q3 FY23 stood at Rs 152 crores as compared to Rs 139 crores in Q3 FY22. EBITDA margin for Q3 FY23 stood at 14.3% as compared to 14.3% in Q3 FY22.
PBT for Q3 FY23 grew by 17% to Rs 97 crores as compared to Rs 82 crores in Q3 FY22. PBT margin for Q3 FY23 stood at 9.1% as compared to 8.5% in Q3 FY22. PAT for Q3 FY23 grew by 21% to Rs 71 crores as compared to Rs 59 crores in Q3 FY22. PAT margin for Q3 FY23 stood at 6.7% as compared to 6.1% in Q3 FY22.
Revenue from Operations for 9M FY23 grew by 27% to Rs 3,069 crores as compared to Rs 2,413 crores in 9M FY22. EBITDA for 9M FY23 stood at Rs 438 crores as compared to Rs 345 crores in 9M FY22. EBITDA margin for 9M FY23 stood at 14.3%. PBT for 9M FY23 grew by 53% to Rs 273 crores as compared to Rs 179 crores in 9M FY22. PBT margin for 9M FY23 stood at 8.9% as compared to 7.4% in 9M FY22. PAT for 9M FY23 grew by 52% to Rs 201 crores as compared to Rs 132 crores in 9M FY22. PAT margin for 9M FY23 stood at 6.5% as compared to 5.5% in 9M FY22.
Total order book as on December 31, 2022 stood at Rs 11,209 crores. The order book inter alia includes metro projects (elevated and underground) contributing ~ 52%, while flyover, bridges & roads projects contributes ~34% and others contributing ~14%.
On the performance Kamal J. Gupta, Managing Director commented, “Our progress in the nine months of the year under review reflects our resilience amid a challenging macro-economic environment. With a strong foundation in place, we enhanced our capabilities to capitalise on the emerging opportunities. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year. We are honoured to have played our part in EPC construction of Mumbai Metro Project Line 2A and 7, comprised of 35 Km of viaduct and 30 stations constructed in 2 Phases. The project was recently dedicated to Mumbaikars by Honourable Prime Minister Shri Narendra Modi ji.”
He further said, “The government enhanced focus towards the infrastructure development reinforces the importance of the sector and the crucial role it plays for the growth of economy. It plays a multiplier effect being the second largest employment generating sector. At J.Kumar, we are committed to nation building and fulfilling dreams of world class infrastructure for a new India. We are in the process of constructing a further ~61 Kms of Metro Rail network across India. Taking cue from the budget announcements, we are confident that the project awarding momentum should gain further momentum in coming quarters. We have so far been awarded projects worth Rs 1,688 crores during FY 23 and are aggressively targeting to achieve our guided order booking. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth.
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. The Company will continue its focus on working capital management and quality of order book.”
