J Kumar Infraprojects (JKIL) recorded consolidated revenue of Rs 2,007 crore for the first half of the current financial year (H1FY23) as compared to Rs 1,447 crore for the same period last year.
In a regulatory filing November 9, 2022, the construction company said its consolidated revenue for the second quarter of this fiscal stood at Rs 1,013 crore, showing a 31% jump against the Rs 772 crore revenue in the corresponding period last year.
The company’s consolidated profit before tax for the six-month period was Rs 177 crore, showing 82% annual growth. Consolidated profit before tax for the September quarter was Rs 93 crore as against Rs 54 crore for the corresponding quarter last year.
JKIL’s consolidated profit after tax (PAT) for the period between April and September 2022 was Rs 129 crore as compared to Rs 73 crore in the year-ago period. PAT for Q2 FY23 was Rs 68 crore as compared to Rs 41 crore in Q2FY22.
“Our progress in the first half of the year under review reflects our resilience amid a challenging macro-economic environment. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year,” said Kamal J Gupta, MD, J Kumar Infraprojects.
“The government’s thrust towards strengthening India’s infrastructure and connectivity motivates us to further scale up our operations. The project awarding has seen an uptick and is likely to gain further momentum in coming quarters. We have so far been awarded projects worth Rs 1,688 crore during FY23, and are confident of achieving our guided order booking. Our robust execution capabilities coupled with a 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. 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,” he added.
The company’s total order book as on September 30, 2022, stood at Rs 11,439 crore. The order book includes metro projects (elevated and underground) contributing to 55% and flyover, bridges and roads projects contributing to 33%.
