May 24, 2023: Construction company J Kumar Infraprojects (JKIL) has recorded revenue of Rs 4,203 crore, witnessing a 19% YoY growth, according to the financial results announced by the company for FY 2023.
According to an official release, the earnings before interest, taxes, depreciation, and amortization (EBITDA) for FY23 jumped by 18% YOY to Rs 597 crore while the profit after tax (PAT) for FY23 saw a growth of 33% YOY to Rs 274 crore as compared to Rs 206 crore in FY22. EBITDA margin for FY23 stood at 14.2%. The profit before tax (PBT) rose by 32% to Rs 374 crore as compared to Rs 283 crore in FY22. The company’s revenue from operations for FY23 grew by 19% to Rs 4,203 crore compared to Rs 3,527 crore in FY22.
The total order book for the year stood at Rs 11,854 crore. The order book inter alia includes metro projects contributing around 53%, flyovers, bridges and roads projects contributing around 36% and others contributing around 11%, according to the release.
Kamal J Gupta, managing director, said, “The government’s 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. We are in the process of constructing a further 61 km of metro rail network across India.”, he added.
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