J. Kumar Infraprojects (JKIL) Q2 24/25 earnings summary

Executive summary

• Achieved historic order inflows in FY 2024, with projects awarded worth INR 7,188 crore and L1 status in projects worth INR 1,640 crore, positioning for robust growth.

• Order book as of September 30, 2023, stood at INR 16,447 crore, diversified across metro, elevated corridors, tunnels, and buildings.

• Major project wins include Goregaon Mulund Link Road (GMLR) and Chennai Elevated Corridor, enhancing execution capabilities.

• Standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2024, were approved and reviewed by the Board and Audit Committee.

• The company operates primarily in construction and engineering activities, with no other reportable segments.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹129,237.11 lakh, up from ₹110,417.94 lakh in Q2 FY24; half-year revenue was ₹257,386.89 lakh, up from ₹223,550.43 lakh year-over-year.

• Standalone profit after tax for Q2 FY25 was ₹9,015.89 lakh, compared to ₹7,343.77 lakh in Q2 FY24; half-year PAT was ₹17,657.64 lakh, up from ₹14,627.02 lakh year-over-year.

• Consolidated revenue for Q2 FY25 was ₹129,237.11 lakh, with half-year consolidated revenue at ₹257,386.89 lakh.

• Consolidated profit after tax for Q2 FY25 was ₹9,015.89 lakh; half-year consolidated PAT was ₹17,657.64 lakh.

• Basic and diluted EPS for the half year stood at ₹23.34 (standalone) and ₹23.40 (consolidated), up from ₹19.33 year-over-year.

Outlook and guidance

• FY 2024 revenue guidance maintained at INR 4,800 crore with EBITDA margin of 14%-15%.

• FY 2025 revenue expected to grow 16%-17% over FY 2024, with further margin improvement targeted.

• Order book guidance revised upward to INR 16,000 crore by FY 2024 end, reflecting a 30% increase over previous guidance.

• Results have been prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors, indicating compliance and transparency.