J. Kumar Infraprojects (JKIL) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 delivered strong operational and financial performance, with revenue up 16% year-over-year to ₹1,484 crore and PAT up 19% to ₹103 crore, supported by a robust order book of ₹20,946 crore and efficient execution in complex infrastructure projects.

• Strategic focus remains on metros, elevated corridors, tunnels, and water infrastructure, leveraging government momentum in urban development and transport.

• The company continues to prioritize EPC contracts over BOT, with selective interest in HAM projects where strengths align.

• Demonstrated consistent financial discipline and timely project execution, with a legacy spanning over four decades.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26 and recommended a ₹4.00 per share dividend, subject to shareholder approval.

Financial highlights

• Q1 FY26 consolidated revenue from operations was ₹1,48,388.57 lakhs, up from ₹1,28,149.78 lakhs in Q1 FY25; EBITDA increased 18% to ₹217 crore, and PAT grew 19% to ₹103 crore.

• EBITDA margin for Q1 FY26 stood at 14.6%, and PAT margin at 7.0%.

• Basic and diluted EPS (consolidated) for Q1 FY26 was ₹13.67, up from ₹11.48 in Q1 FY25.

• Net debt as of June 30, 2025, stood at negative ₹159 crore, indicating a cash-positive position.

• FY25 revenue was ₹5,693 crore, up 17% year-over-year; EBITDA at ₹826 crore, up 17%; PAT at ₹391 crore, up 18%.

Outlook and guidance

• Revenue growth guidance maintained at 15% for FY26, with EBITDA margin targeted at 15%-16%.

• Order inflow guidance for FY26 is ₹6,000 crore, with expectations to maintain an order book of ₹22,000-23,000 crore by year-end.

• Working capital cycle expected to remain at 120-125 days.

• CapEx guidance for FY26 Q1 is ₹107 crore, with total CapEx of ₹450-500 crore over the next two years.

• Board recommended a final equity dividend of ₹4.00 per share, subject to approval at the AGM.