JMC Projects - Requisites In Place For Better Scale Ahead: Anand Rathi

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A crane is seen between two buidings at a construction site. (Photo: freepik)

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Anand Rathi Report

JMC Projects India Ltd.'s strong order addition, an inspiring pace of execution and efforts to contain build-operate-transfer-toll bleed are some of the key positives from FY22.

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JMC Projects' strong order backlog seems set to pave the way for healthy growth in core operations and operating profitability (a miss in FY22, largely on the BOT-toll expected credit loss provisioning) is already on an uptrend.

Success with restructuring/refinancing efforts (underway) combined with the gradually rising average daily collection at the road BOT portfolio would mean funding needs trend down.

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