J Kumar Infraprojects PAT grows to Rs 1 billion in March 2024 quarter

29 May 2024 CW Team

EPC firm J Kumar Infraprojects Ltd (JKIL) announced a noteworthy 35% surge in its consolidated profit after tax, reaching Rs 996.8 million during the March 2024 quarter, primarily attributed to increased income. This marked a significant uptick from the Rs 738.6 million profit after tax (PAT) recorded in the corresponding period last year, according to the company's regulatory filing.

The company's total income also witnessed a notable rise to Rs 14.33 billion in the January-March period compared to Rs 11.43 billion a year ago. Concurrently, expenses climbed to Rs 12.99 billion from Rs 10.43 billion in the final quarter of FY23.

For the entire fiscal year, JKIL's PAT expanded to Rs 3285.9 million, surpassing the Rs 2.74 billion recorded in FY23. Moreover, the company's board declared a dividend of Rs 4 for the financial year 2023-24.

As of March 31, 2024, JKIL's total order book stood impressively at Rs 210.11 million, encompassing metro projects, elevated corridors/flyovers, roads, and road tunnel projects. Kamal J Gupta, MD, JKIL, expressed confidence in the company's future performance, citing significant achievements including the substantial growth of the order book, revenue, and margin expansion. Additionally, he highlighted improvements in the working capital cycle due to a considerable reduction in receivable days.

With a robust order book and execution capabilities, JKIL anticipates setting new performance benchmarks in the upcoming years. (ET Infra)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..