J Kumar Infra Q4 Review - Strong Operating Performance; Robust Order Book To Drive Growth: Axis Securities

Axis Securities Report

J Kumar Infraprojects Ltd. Q4 FY24 numbers stood above our expectations, thanks to robust project execution by the company. It reported revenue of Rs 1425 crore (up 26% YoY), Ebitda of Rs 203 crore (up 27% YoY), and adjusted profit after tax of Rs 100 Cr (up 35% YoY).

The company registered Ebitda margins of 14.3% in Q4 FY24 (versus our estimate of 14.4%) as against 14.1% in Q4 FY23. The order book break-up is as follows: 39% of the total order book is from the elevated corridors/ flyovers, 24% from the roads and road tunnels, 15% from metro elevated, 12% from metro underground, 6% from civil and others and 5% from water.

Geography-wise, 65% from maharashtra, 19% from tamil nadu, 10% from NCR, 3% from gujarat, 3% from UP and 1% Karnataka.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.