J Kumar Infra Q1 Review - Strong Execution With Stellar Margins: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.J Kumar Infraprojects Ltd. reported strong revenue growth of 47.2% YoY in Q1 FY23 led by healthy execution in its key metro and non-metro projects. Adjusted profit after tax came in at Rs 619 million (our estimate: Rs 442 million), up 40% YoY, led by strong execution and better operational margins. J Kumar has already submitted request for quotations for the Goregoan-Mulund link road and plans to bid for projects worth Rs 300 billion in FY23E. Consequently, it expects order inflow of Rs 50 billion in FY23E of which 27% worth orders achieved in Q1 FY23. Order book stands robust at Rs 121 billion (3.1 times its trailing revenues) providing strong revenue visibility of next two-three years. Given the robust ordering pipeline management continues to maintain its revenue guidance of Rs 40 billion with Ebitda margin of 14-15% range for FY23E..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

J Kumar Infra Q1 Review - Strong Execution With Stellar Margins: Yes Securities

J Kumar Infra Q1 Review - Strong Execution With Stellar Margins: Yes Securities

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