J. Kumar Infraprojects (JKIL) investor relations material

Executive summary

• Q1 FY27 revenue grew 2% year-over-year to INR 1,511 crore (₹151,120.88 lakhs), with EBITDA moderating by 1% and PAT declining 6% to ₹9,742.11 lakhs, reflecting stable cash generation despite external execution delays.

• Margins softened, with EBITDA margin at 14.1–14.2% versus 14.6% last year; balance sheet and liquidity remain strong.

• Order book stood at INR 22,246 crore as of June 30, 2026, with INR 4,556–5,500 crore in new orders booked in Q1 FY27.

• Execution was impacted by external factors such as geopolitical events and regulatory restrictions, but major project bottlenecks are resolving.

• The quarter's results include the proportionate consolidation of 29 joint operations, with results reviewed and approved by the Audit Committee and Board.

Financial highlights

• Revenue from operations for Q1 FY27: INR 1,511 crore (up 2% YoY); total income: ₹153,065.90 lakhs.

• EBITDA: INR 215 crore (down 1% YoY); EBITDA margin: 14.1–14.2% (vs 14.6% YoY).

• PAT for Q1 FY27: ₹9,742.11 lakhs (down 6% YoY); PAT margin: 6.4% (vs 7% YoY).

• Net debt as of June 30, 2026: negative INR 45 crore; gross debt reduced to ₹576 crore in Q1 FY27.

• Other income for Q1: INR 19 crore, expected to be recurring due to higher cash levels.

Outlook and guidance

• FY27 revenue growth guidance of 15% over last year, targeting INR 6,500 crore.

• Order inflow guidance for FY27: INR 8,000–10,000 crore, with potential to exceed.

• EBITDA margin expected to remain in the 14–15% range, with a focus on incremental improvement.

• The company continues to focus on construction and engineering activities, with no other reportable segments.

• FY28 revenue target shifted to INR 7,500 crore, maintaining margin focus.