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J. Kumar Infraprojects Limited Earnings Release 2019
61720_rns_2019-11-14_d9659a80-165c-4cf8-b978-8a7b1961ba11.pdf
Earnings Release
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Regd. Off.: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (W), Mumbai - 400053. INDIA Ph.: +91-22-6774 3555. Fax+91-22-2673 0814. E-mail: [email protected] Website: www.jkumar.com CIN No.: L74210MH1999PLC122886
14th November, 2019
The General Manager Department of Corporate Services. Bombay Stock Exchange Limited P J Towers Dalal Street Mumbai - 400 001
The Manager Listing Department The National Stock Exchange of India Limited Bandra Kurla Complex Mumbai - 400051
Scrip Code: JKIL/532940
SUB: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations")
Pursuant to the provisions of Regulation 30 of the Listing Regulations, please find enclosed herewith the press release for the Un-Audited Financial Results of the Company for the quarter and half year ended 30th September, 2019.
We request you to kindly take note of the same.
Thanking You.
Yours faithfully, For J. Kumar Infraprojects Limited
Pomining Poornima Reddy Company Secretary
Investor Release
Strong overall Performance in Q2 FY20 & H1 FY20 Total Income ₹ 6,378 mn, a growth of 22% Y-o-Y EBITDA ₹ 1,076 mn, a growth of 18% Y-o-Y PAT grew by 58% Y-o-Y to ₹ 559 mn Order Book at ₹ 1,33,443 mn
Mumbai, November 14, 2019: J. Kumar Infraprojects Limited (JKIL), a pure play EPC company having a niche in construction of Urban Infra Projects including Metros, Flyover, bridges etc. today announced its Unaudited Standalone Financial results for the quarter and half year ended September 30, 2019.
Key Financial Highlights are as follows:
| Particulars (₹ In Mn) | Q2 FY20 | Q2 FY19 | Y-O-Y | H1 FY20 | H1 FY19 | Y-O-Y | FY19 |
|---|---|---|---|---|---|---|---|
| Total Income | 6,378 | 5,238 | 22% | 13,111 | 11,486 | 14% | 28,152 |
| EBIDTA | 1,076 | 910 | 18% | 2,190 | 1,909 | 15% | 4,363 |
| EBIDTA Margin | 17.0% | 17.7% | 16.8% | 16.8% | 15.7% | ||
| PBT | 571 | 536 | 6% | 1190 | 1135 | 5% | 2,683 |
| PBT Margin | 9.0% | 10.4% | 9.2% | 10.0% | 9.6% | ||
| PAT | 559 | 354 | 58% | 968 | 756 | 28% | 1,771 |
| PAT Margin % | 8.8% | 6.9% | 7.4% | 6.7% | 6.4% |
Performance highlights for Q2 FY20 & H1 FY20
Total Income for Q2 FY20 grew by 22% to ₹ 6,378 mn as compared to ₹ 5,238 mn in Q2 FY19. Total Income for H1 FY20 grew by 14% to ₹ 13,111 mn as compared to ₹ 11,486 mn in H1 FY19.
EBITDA for Q2 FY20 grew by 18% to ₹ 1,076 mn as compared to ₹ 910 mn in Q2 FY19. EBIDTA for H1 FY20 grew by 15% to ₹ 2,190 mn as compared to ₹ 1,909 mn in H1 FY19.
PBT for Q2 FY20 grew by 6% to ₹ 571 mn as compared to ₹ 536 Crores in Q2 FY19. PBT for H1 FY20 grew by 5% to ₹ 1,190 mn as compared to ₹ 1,135 mn in H1 FY19.
PAT for Q2 FY20 grew by 58% to ₹ 559 mn as compared to ₹ 354 mn in Q2 FY19. Diluted EPS (not annualised) for Q2 FY20 stood at ₹ 7.39 per equity share as compared to ₹ 4.68 per equity share for Q2 FY19. PAT for H1 FY20 grew by 28% to ₹ 968 mn as compared to ₹ 756 mn in H1 FY19. Diluted EPS (not annualised) for H1 FY20 stood at ₹ 12.80 per equity share as compared to ₹ 9.99 per equity share for H1 FY19.
Key Ratios H1 FY20:
| Debt Equity Ratio | 0.41:1 | ||
|---|---|---|---|
| Net working capital days | 134 days | ||
| Net Asset turnover ratio | 3.8 times |
Our Total Order book as on September 30, 2019 stood at ₹ 1,33,443 mn. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 57%, while Flyover projects contributes ~30%.
On the performance Mr. Kamal Gupta, Managing Director commented, "It was yet another remarkable quarter as we clocked 22% YoY growth in our Total Income and 58% in PAT. We are upbeat with our performance during the first half of the financial year despite challenges faced by the company in terms of non-availability of labour during the first quarter & heavy rainfall disrupting operations during the second quarter. We are glad that we were able to maintain our growth momentum. We grew despite the weakening business cycle, which was a validation of how we had selected to grow the business. Our careful project selection criteria, strong bidding and estimation capabilities, efficient project planning and management coupled with asset ownership are key to our success.
As a pure play EPC Company, we have developed a niche in construction of Urban Infra Projects including Metros, Flyover, bridges etc.. The Mumbai Metro project awarded to us is on track. As an EPC company with operational focus, well trained employees and equipment ownership, experienced management team supported by strong middle management, we have developed strong qualifications capabilities. We have made steady investment in people, equipment, technology and systems, strengthening business sustainability.
With our expertise and track record, we are hopeful of being awarded more such Urban Infra Projects across the country. The recent Union budget had laid emphasis on Urban Infrastructure and increased budgetary allocation. At JKIL, we are all geared to Capitalise on Opportunity of huge Infrastructure development in Country. We will continuously explore growth opportunities. With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth."
About J. Kumar Infraprojects Limited
J. Kumar Infraprojects Ltd, is one of the few EPC companies to conform to ISO standards "ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007" for Quality Management Systems, Occupational Health and Safety Management System and Environmental Management System. JKIL has developed a niche in construction of Urban Infra Projects including Metros, Flyover, bridges etc. It is renowned for undertaking design and construction projects on a turnkey basis meeting their clients' requirements to effect. JKIL is focused on EPC projects, having strong foothold in various sectors like Urban Infrastructure, Transportation Engineering, Piling & Civil Construction etc.
For more information please visit www.jkumar.com
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
| Company | Investor Relation Advisors | ||
|---|---|---|---|
| J. Kumar Infraprojects Limited | Marathon Capital Advisory Private Limited | ||
| Mr. Arvind Gupta | Dr. Rahul Porwal | ||
| Designation – CFO | |||
| Tel No: +91 22 6774 3555 | Tel : +91-22-40030610 | ||
| Email id: [email protected] | Email : [email protected] | ||
| www.jkumar.com | www.marathoncapital.in |