J Kumar Infra gains 3%, hits 52-week high on solid Q4 results

Shares of J Kumar Infraprojects (JKIL) hit a 52-week high of Rs 254, up 3 per cent on the BSE in Tuesday’s commerce in an in any other case weak market. The surge comes after the corporate’s revenue after tax (PAT) greater than doubled to Rs 74 crore in March quarter (Q4FY22), on again of wholesome operational efficiency. The civil building firm had posted revenue of Rs 33 crore in a 12 months in the past quarter.

The inventory surpassed its earlier high of Rs 250.75 that it had touched on May 4, 2022. In the previous three months, it zoomed 55 per cent, as in comparison with 1 per cent decline within the S&P BSE Sensex. At 09:46 am; JKIL traded 1 per cent increased at Rs 249, towards 0.7 per cent decline within the benchmark index.

Besides that, the corporate’s income from operations grew 12 per cent 12 months on 12 months (YoY) to Rs 1,114 crore from Rs 992 crore. Earnings earlier than curiosity, taxes, depreciation, and amortization (EBIDTA) elevated 52 per cent YoY to Rs 159 crore, whereas, margins improved to 14.3 per cent from 10.5 per cent in Q4FY21.

For your complete monetary 12 months 2021-22 (FY22), JKIL posted PAT of Rs 206 crore towards Rs 64 crore in FY21. Meanwhile, revenues rose 37 per cent YoY to Rs 3,527 crore and EBITDA margins improved to 14.3 per cent from 12.1 per cent.

JKIL is a pure play on engineering, procurement and building (EPC) firm, having a distinct segment in building of city infra initiatives together with metros, flyover, bridges and so forth.

The firm has complete order e book place of Rs 11,936 crore as on March 31, 2022. The order e book inter alia contains metro initiatives (elevated and underground) that contributes round 61 per cent, whereas, flyover, bridges and roads initiatives contributes round 39 per cent. The firm was awarded mission from IRCON amounting to Rs 1,068 crore (excluding GST) in Q1FY23.

Moreover, the corporate has continued to focus its efforts on capital administration and order e book high quality. Despite difficult enviroment, the corporate was in a position to trim its debt ranges sequentially.

“We consider the order award will intensify in FY23. The firm’s strong execution capabilities coupled with robust repository of asset base enabled environment friendly execution, which mirrored in a robust income progress,” the administration mentioned.

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