In This Article:
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Revenue (Q3 FY25): INR 1,487 crores, up 22% from INR 1,219 crores in Q3 FY24.
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EBITDA (Q3 FY25): INR 219 crores, up 22% from INR 179 crores in Q3 FY24.
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PAT (Q3 FY25): INR 100 crores, up 21% from INR 83 crores in Q3 FY24.
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EBITDA Margin (Q3 FY25): 14.7%.
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PAT Margin (Q3 FY25): 6.7%.
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Revenue (Nine months FY25): INR 4,061 crores, up 18% from INR 3,454 crores in the preceding year.
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EBITDA (Nine months FY25): INR 591 crores, up 18% from INR 501 crores in the preceding year.
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EBITDA Margin (Nine months FY25): 14.6%.
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PAT (Nine months FY25): INR 276 crores, up 21% from INR 229 crores in the preceding year.
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PAT Margin (Nine months FY25): 6.8%.
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Total Order Book (as of December 31, 2024): INR 20,529 crores.
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Order Book Composition: Metro projects 20%, Elevated corridors/flyovers 46%, Road tunnels 21%, Others 13%.
Release Date: February 05, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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J Kumar Infraprojects Ltd (BOM:532940) reported a 22% increase in revenue for Q3 FY25, reaching INR1,487 crores compared to INR1,219 crores in Q3 FY24.
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The company's EBITDA for Q3 FY25 also grew by 22% to INR219 crores, with an EBITDA margin of 14.7%.
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The PAT for Q3 FY25 increased by 21% to INR100 crores, with a PAT margin of 6.7%.
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The total order book as of December 31, 2024, stood at INR20,529 crores, indicating strong future revenue visibility.
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J Kumar Infraprojects Ltd is L1 in projects worth INR5,000 crores, showcasing potential for further order book growth in Q4 FY25.
Negative Points
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The company's gross debt increased to INR863 crores by the end of December 2024, raising concerns about leverage.
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Interest costs have risen sharply, impacting financial performance, with a notable increase of INR10 crores quarter-on-quarter.
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The short-term debt level spiked from INR382 crores in FY24 to INR646 crores in December 2024, indicating increased financial pressure.
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The company's ROE remains relatively low at around 13-14%, with management targeting only a modest increase to 15% in the coming years.
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There is a potential risk of delays in receiving the Letter of Intent (LOI) for certain projects due to land acquisition issues, which could impact project timelines.
Q & A Highlights
Q: What is the current debt level and the debt-equity ratio? A: The gross debt is INR863 crores, and the debt-equity ratio is at 0.3. We aim to maintain this ratio going forward. - Kamal Gupta, Managing Director
Q: What is the revenue guidance for the full year and the order inflow expectations for Q4? A: We expect to close the year with a revenue of INR5,600 crores to INR5,700 crores. We are L1 in projects worth INR5,000 crores and aim for INR6,000 crores to INR8,000 crores in order inflows for the fiscal year. - Kamal Gupta, Managing Director