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HDFC Securities Report
J Kumar Infraprojects Ltd. reported a profit (at Rs 71 million versus Rs 59 million loss expectation) owing to better execution and cost controls.
Labour availability has now improved to near pre-Covid-19 levels with execution efficiency at approximately 80- 90% (30-40% run rate in August).
Whilst order backlog is robust at 3.6 times FY20 revenue, near-term execution challenges have alleviated now to a large extent with people adjusting to the new normal and getting back to work.
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