J. Kumar Infraprojects (JKIL) Q3 24/25 earnings summary

Executive summary

• Reported robust year-over-year growth in Q3 and nine months FY 2025 across revenue, EBITDA, EBIT, and PAT, reflecting strong execution and project delivery.

• Order book as of December 31, 2024, stood at INR 20,529 crore, with significant contributions from metro, elevated corridors, flyovers, and tunnels.

• Continued expansion in key geographies, notably Maharashtra and Tamil Nadu.

• Financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed by the Board and Audit Committee on February 4, 2025.

• Financial statements include results from 26 joint operations consolidated on a proportionate basis.

Financial highlights

• Q3 FY25 revenue grew 22% year-over-year to INR 1,487 crore; EBITDA up 22% to INR 219 crore; PAT up 21% to INR 100 crore.

• Nine months FY25 revenue up 18% year-over-year to INR 4,061 crore; EBITDA up 18% to INR 591 crore; PAT up 21% to INR 276 crore.

• EPS for Q3 FY25 at 13.21, up from 10.92 in Q3 FY24; 9M FY25 EPS at 36.61, up from 30.25 YoY.

• EBITDA margin for Q3 FY25 at 14.7%, PAT margin at 6.7%.

• Standalone and consolidated financials reflect similar growth trends, with clean auditor review and no material misstatements.

Outlook and guidance

• FY 2025 revenue expected to close at INR 5,600–5,700 crore.

• FY 2025 order inflow guidance at INR 6,000–8,000 crore; L1 position in INR 5,000 crore of projects for Q4.

• FY 2026 revenue guidance at INR 6,300–6,500 crore, targeting 15% year-over-year growth.

• EBITDA margin guidance for FY 2026 at 15%+.

• Order book target for FY 2027 raised to INR 30,000 crore.