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)

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