Shares of J Kumar Infraprojects jumped 5 percent after the company posted a stellar earnings performance in the December quarter. The company’s Q3 earnings showed a jump in net profit as well as revenue, while margins remained stable.
At 1.43 pm, J Kumar Infraprojects shares were trading at Rs 724.90 on the NSE.
The company’s net profit rose 21 percent year-on-year to Rs 99.70 crore as against Rs 82.60 crore in the same quarter last year. Revenue also grew 22 percent to Rs 1,486.90 in the third quarter as against Rs 1,218.70 crore in the same quarter last fiscal.
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The company’s order book stood at Rs 20,529 crore at the end of the December quarter. The order book comprises a diverse mix of projects, with metros (elevated and underground) contributing nearly 20 percent, elevated corridors and flyovers making up nearly 46 percent, roads and road tunnels contributing nearly 21 percent, and other projects making up the remaining 13 percent.
As of Q3, the company was awarded projects worth Rs 2,667 crore. On the other hand, EBITDA margin remained stable at 14.7 percent, unchanged year-on-year. Kamal J Gupta, Managing Director of the company, said, “Our strategic focus on operational excellence has delivered another quarter of strong performance with record order backlog and improved execution capabilities.
We are driving growth through our ability to execute large orders and deliver exceptional results. As far as the company’s operations are concerned, J Kumar Infra aims to improve its EBITDA margin to 16 percent in the next two years from the current level of 15 percent.
