J. Kumar Infraprojects Limited — Earnings Release 2023

May 23, 2023

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J. KUMAR INFRAPROJECTS LIMITED

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

Website: www.jkumar.com, CIN: L74210MH1999PLC122886

23[rd] May, 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 Scrip Code: 532940 Scrip Symbol: JKIL

Dear Sir,

• Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• Press Release for the Audited Financial Statements, for the fourth quarter and year-to-date, ended as on 31[st] March, 2023

Dear Sir’s,

Pursuant to the above mentioned Regulations please find enclosed herewith the “Press Release” for the Audited Financial Statements, for the fourth quarter and year-to-date, ended as on 31[st] March, 2023.

Yours faithfully,

for J. Kumar Infraprojects Ltd

POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.05.23 14:53:21 +05'30'

Poornima Company Secretary

Enclosures: As Above

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Investor Release

J. Kumar Infraprojects Limited Q4 & FY23 Results Release

Strong Project Execution leading to highest ever turnover Revenue for FY23 grew by 19% Y-O-Y to ₹ 4,203 crores EBITDA for FY23 grew by 18% Y-O-Y to ₹ 597 crores PAT for FY23 grew by 33% Y-O-Y to ₹ 274 crores

Mumbai, May 23, 2023: J. Kumar Infraprojects Limited (JKIL), a pure play EPC company having a niche in construction of Urban Infra Projects including Metros, Flyovers, Bridges etc. today announced its Audited Financial Results for the quarter and year ended March 31, 2023.

Key Financial Highlights are as follows:

Particulars(₹ InCr)	**Q4 FY23 **	Q4 FY22	Y-O-Y	Q3 FY23	FY23	FY22	Y-O-Y
Revenue fromOperations	1,134	1,114	2%	1,062	4,203	3,527	19%
EBITDA	159	159	0%	152	597	505	18%
EBITDA Margin	14.1%	14.3%		14.3%	14.2%	14.3%
PBT	100	103	-3%	97	374	283	32%
PBT Margin	8.8%	9.3%		9.1%	8.9%	8.0%
PAT	74	74	0%	71	274	206	33%
PAT Margin%	6.5%	6.6%		6.7%	6.5%	5.8%
Cash PAT	115	112	3%	110	429	353	22%
Cash PAT Margin%	10.2%	10.0%		10.3%	10.2%	10.0%

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Revenue from Operations ( ₹ in Cr) EBITDA ( ₹ in Cr) PAT ( ₹ in Cr)
Q4 FY23 Q4 FY22 FY23 FY22 Q4 FY23 Q4 FY22 FY23 FY22 Q4 FY23 Q4 FY22 FY23 FY22
4,203 3,527 597 505 274 206
1,134 1,114 159 159 74 74
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Performance highlights for FY23

Revenue from Operations for FY23 grew by 19% to ₹ 4,203 crores as compared to ₹ 3,527 crores in FY22.

EBITDA for FY23 grew by 18% to ₹ 597 crores as compared to ₹ 505 crores in FY22. EBITDA margin for FY23 stood at 14.2%.

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PBT for FY23 grew by 32% to ₹ 374 crores as compared to ₹ 283 crores in FY22. PBT margin for FY23 stood at 8.9% as compared to 8.0% in FY22.

PAT for FY23 grew by 33% to ₹ 274 crores as compared to ₹ 206 crores in FY22. PAT margin for FY23 stood at 6.5% as compared to 5.8% in FY22.

Total Order book as on March 31, 2023 stood at ₹ 11,854 crores . The order book inter alia includes Metro projects (elevated and underground) contributing ~ 53%, while Flyovers, Bridges & Roads projects contributes ~36% and others contributing ~11%.

On the performance Mr. Kamal J. Gupta, Managing Director commented , “The performance for FY 2023 has been remarkable as we continued to accelerate profitable growth and build our position as a leading urban infrastructure EPC company. With a strong foundation in place, we enhanced our capabilities to capitalise on the emerging opportunities. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year.

During the quarter, Mumbai Metro Project Line 2A and 7, comprised of 35 Kms of viaduct and 30 stations constructed in 2 Phases were dedicated to Mumbaikars by Honourable Prime Minister Shri Narendra Modi ji.

The government enhanced focus towards the infrastructure development reinforces the importance of the sector and the crucial role it plays for the growth of economy. It plays a multiplier effect being the second largest employment generating sector. At J.Kumar, we are committed to nation building and fulfilling dreams of world class infrastructure for a new India. We are in the process of constructing a further ~61 Kms of Metro Rail network across India.

Taking cue from the budget announcements, we are confident that the project awarding should gain further momentum in coming quarters. We were awarded projects worth ₹ 2,652 Crores during FY 23. We are aggressively targeting projects which we believe will help us to maintain our current growth and margin profile. We are confident of being awarded projects in excess of ₹ 5,000 crores during FY 24. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth.

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 keep our margins healthy. We at JKIL always work towards successful execution of continuing projects with a scope to scale up further.

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. The Company has sufficient cash as well as unutilised working capital facilities to undertake large projects and also to ramp up execution of existing projects. The Company will continue its focus on working capital management and quality of order book.”

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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, Flyovers, 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 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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