J. Kumar Infraprojects Limited — Earnings Release 2024

Oct 30, 2023

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J. KUMAR INFRAPROJECTS LIMITED CIN: L74210MH1999PLC122886

Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India Phone: +91 22 67743555, Fax: +91 22 26730814, Email: info@jkumar.com, investor.grievances@jkumar.com, Website: www.jkumar.com

30[th] October, 2023

To,

The General Manager The Listing Department Department of Corporate Services National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, Plot No .C/1, G- Block Mumbai Samachar Marg Bandra- Kurla Complex, Bandra East Mumbai - 400 001 Mumbai-400 051 Fax: 2272 2037 / 39 /41/61 Fax No.26598237/8238 Scrip Code: 532940 Scrip Name: JKIL ISIN: INE576I01022

Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Dear Sir’s,

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the press release for the UnAudited Financial Statements for the Quarter ended as on 30[th] September, 2023.

We request you to take note of the same.

for J. Kumar Infraprojects Limited

POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.10.30 16:49:43 +05'30'

Poornima

Company Secretary

Enclosures: A/A

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Investor Release

J. Kumar Infraprojects Limited Q2 & H1 FY24 Results Release

Revenue for H1 FY24 grew by 11% Y-O-Y to ₹ 2,236 crores EBITDA for H1 FY24 grew by 12% Y-O-Y to ₹ 321 crores PAT for H1 FY24 grew by 13% Y-O-Y to ₹ 146 crores Order Book as Sep 30, 2023 stood at ₹16,447 crores

Mumbai, October 30, 2023: J. Kumar Infraprojects Limited (JKIL), a pure play EPC company having a niche in construction of Urban Infra Projects including Metros, Elevated Corridors / Flyovers, Roads & Road Tunnels etc. today announced its Unaudited Financial Results for the quarter and half year ended September 30, 2023.

Key Financial Highlights are as follows:

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Particulars ( ₹ In Cr) Q2 FY24 Q2 FY23 Y-O-Y Q1 FY24 H1 FY24 H1 FY23 Y-O-Y FY23
Revenue from Operations 1,104 1,013 9% 1,131 2,236 2,007 11% 4,203
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Particulars(₹ InCr) Revenue fromOperations	Q2 FY24 1,104	Q2 FY23 1,013	Y-O-Y 9%	Q1 FY24 1,131	H1 FY24 2,236	H1 FY23 2,007	Y-O-Y 11%	FY23 4,203
EBITDA	160	146	10%	162	321	286	12%	597
EBITDA Margin	14.5%	14.4%		14.3%	14.4%	14.3%		14.2%
PBT	96	93	3%	100	196	177	11%	374
PBT Margin	8.7%	9.2%		8.8%	8.8%	8.8%		8.9%
PAT	73	68	9%	73	146	129	13%	274
PAT Margin%	6.7%	6.7%		6.4%	6.5%	6.5%		6.5%
Cash PAT	116	105	10%	114	230	204	13%	429
Cash PAT Margin%	10.5%	10.4%		10.1%	10.3%	10.2%		10.2%

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Revenue from Operations ( ₹ in Cr) EBITDA ( ₹ in Cr) PAT ( ₹ in Cr)
Q2 FY24 Q2 FY23 H1 FY24 H1 FY23 Q2 FY24 Q2 FY23 H1 FY24 H1 FY23 Q2 FY24 Q2 FY23 H1 FY24 H1 FY23
146
1,104 73
2,236 2,007 321 286 129
1,013 160 146 68
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Performance highlights for Q2 FY24

Revenue from Operations for Q2 FY24 grew by 9% to ₹ 1,104 crores as compared to ₹ 1,013 crores in Q2 FY23.

EBITDA for Q2 FY24 grew by 10% to ₹ 160 crores as compared to ₹ 146 crores in Q2 FY23. EBITDA margin for Q2 FY24 stood at 14.5% as compared to 14.4% in Q2 FY23.

PBT for Q2 FY24 grew by 3% to ₹ 96 crores as compared to ₹ 93 crores in Q2 FY23. PBT margin for Q2 FY24 stood at 8.7% as compared to 9.2% in Q2 FY23.

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PAT for Q2 FY24 grew by 9% to ₹ 73 crores as compared to ₹ 68 crores in Q2 FY23. PAT margin for Q2 FY24 stood at 6.7% as compared to 6.7% in Q2 FY23.

Performance highlights for H1 FY24

Revenue from Operations for H1 FY24 grew by 11% to ₹ 2,236 crores as compared to ₹ 2,007 crores in H1 FY23.

EBITDA for H1 FY24 grew by 12% to ₹ 321 crores as compared to ₹ 286 crores in Q2 FY23. EBITDA margin for H1 FY24 stood at 14.4% as compared to 14.3% in H1 FY23.

PBT for H1 FY24 grew by 11% to ₹ 196 crores as compared to ₹ 177 crores in H1 FY23. PBT margin for H1 FY24 stood at 8.8% as compared to 8.8% in H1 FY23.

PAT for H1 FY24 grew by 13% to ₹ 146 crores as compared to ₹ 129 crores in H1 FY23. PAT margin for H1 FY24 stood at 6.5% as compared to 6.5% in H1 FY23.

Total Order book as on September 30, 2023 stood at ₹ 16,447 crores. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 32%, Elevated Corridors / Flyovers, contributing to ~31%, Roads & Road Tunnels projects contributes ~ 27% and others contributing ~10%.

Key Business Updates

1. Awarded Goregaon Mulund Link Road project by BMC for a total project cost ₹ 6,301 crores, JKIL share ₹ 3,088 crores (excluding GST). Project includes Design, Construction and Operation of Twin Tunnel from Film City Goregaon to Mulund (Amar Nagar, Khindipada) including Box Tunnel (Cut and Cover) at Film City.

2. Awarded Chennai Elevated Corridor by NHAI for a total project cost ₹ 3,570 crores (excluding GST). Project includes Construction of New Double Tier 4-lane Elevated Corridor from Chennai Port to Maduravoyal in Tamil Nadu. Total 4 Packages on EPC mode under Bharatmala Pariyojana Yojana.

On the p erformance Mr. Kamal J. Gupta, Managing Director commented , “FY 24 has been historic for us so far in terms of order awarding. We have already been awarded projects worth ₹ 7,188 crores in current fiscal with 5 more months to go.

We continue to grow in operational and financial capabilities backed by our prowess in bidding eligibility has paved the way for securing these transformative projects, positioning us as reliable partners in the industry. With the ability to execute larger projects, we have embarked on ventures that reshape landscapes and elevate urban experiences. Our in-house equipment bank stands as a testament to our self-reliance, ensuring the swift progression of projects and efficient resource allocation. Timely completion, an attribute we hold dear, speaks volumes of our commitment to delivering results, exceeding expectations, and honoring our promises. Our proficiency in executing

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complex & challenging infrastructure projects demonstrates our specialized capabilities and marks us as leaders in this intricate domain.

The Company is at an inflection point in terms of its corporate personality, strengthening its capacity to sustain growth in terms of order book and overall performance.

With strong financial and technical metrics, we envisage becoming a $1bn revenue company by FY27 . Our continued focus on adding and diversifying project portfolio that involves sound technical capabilities, we are optimistic that this will help improve our margins. We at JKIL always work towards successful execution of continuing projects with a scope to scale up further. The Company will continue its focus on working capital management and quality of order book.”

About J. Kumar Infraprojects Limited

J. Kumar Infraprojects Limited (JKIL), 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, Elevated Corridors/ Flyovers, Roads & Road Tunnels 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 Madan Biyani Chief Financial Officer Tel No: +91 22 6774 3555 Email : madan.biyani@jkumar.com www.jkumar.com	Marathon Capital Advisory Private Limited Rahul Porwal - rahul@marathoncapital.in Amit Porwal - amit@marathoncapital.in Mo.: +91-9967576900 / 9819773905 Tel No: +91-22-40030610 / +91 9967576900 www.marathoncapital.in

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