J. Kumar Infraprojects (JKIL) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 saw robust financial growth with revenue up 13% year-over-year to INR 1,281 crore, EBITDA up 14% to INR 184 crore, and PAT up 19% to INR 86 crore, supported by a diversified order book of INR 19,820 crore as of June 30, 2024.

• Approved unaudited standalone and consolidated financial results for Q1 FY25, reviewed by the Audit Committee and statutory auditors.

• Positioned for accelerated growth with a focus on technically complex projects, operational excellence, and financial discipline.

• Scheduled the 25th Annual General Meeting for September 24, 2024, and set book closure dates for dividend eligibility.

• Appointed Mr. Vasant Savla as CFO and re-appointed Mrs. Archana Yadav as Non-Executive Independent Director.

Financial highlights

• Q1 FY25 revenue from operations grew 13% year-over-year to INR 1,281 crore; EBITDA margin improved to 14.44% from 14.3% in Q1 FY24.

• Net profit increased 19% year-over-year to INR 86 crore; PAT margin rose to 6.7% from 6.4%.

• Standalone and consolidated revenue for Q1 FY25 was INR 1,28,149.78 lakhs; standalone PAT was INR 8,641.75 lakhs, consolidated PAT was INR 8,687.91 lakhs.

• EPS for Q1 FY25 stood at 11.42 (standalone) and 11.48 (consolidated).

• Board recommended a dividend of INR 4.00 per equity share, subject to AGM approval.

Outlook and guidance

• Targeting order inflows of at least INR 8,000 crore for FY25, with potential to exceed if opportunities arise.

• Revenue guidance for FY25 is INR 5,600–5,700 crore, implying 15% year-over-year growth.

• Vision 2027 targets a billion-dollar revenue company with an order book exceeding INR 25,000 crore.

• EBITDA margin expected to improve to 15–16% over the next 6–8 quarters.

• Board is considering capital raising options to support future growth, subject to approvals.