J. Kumar Infraprojects Limited — Earnings Release 2023

Feb 7, 2023

J. KUMAR INFRAPROJECTS LIMITED CIN: L74210MH1999PLC122886 Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Vile Parle (East), Subhash Road, Mumbai 400057, Maharashtra, India Phone: +91 22 67743555, Fax: +91 22 26730814, Email: info@jkumar.com, investor.grievances@jkumar.com, Website: www.jkumar.com

February 07, 2023

To,

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

Sub: Press Release for Q3 & 9M FY23 Results

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 Unaudited Financial Results of the Company, for the third Quarter and nine months ended as on December 31, 2022.

We request you to take note of the same.

for J. Kumar Infraprojects Limited

POORNIMA Digitally signed by POORNIMA CHINTAKIN CHINTAKINDI Date: 2023.02.07 DI 14:42:20 +05'30'

Poornima

Company Secretary

Enclosures: A/A

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Investor Release

J. Kumar Infraprojects Limited Q3 & 9M FY23 Results Release

Strong Project Execution

Revenue for 9M FY23 grew by 27% Y-O-Y to ₹ 3,069 crores EBITDA for 9M FY23 grew by 27% Y-O-Y to ₹ 437 crores PAT for 9M FY23 grew by 52% Y-O-Y to ₹ 201 crores

Mumbai, February 7, 2023: 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 Financial results for the quarter and nine months ended December 31, 2022.

Key Financial Highlights are as follows:

Particulars(₹ InCr)	**Q3 FY23 **	Q3 FY22	Y-O-Y	Q2 FY23	9M FY23	9M FY22	Y-O-Y	FY22
Revenue fromOperations	1,062	966	10%	1,013	3,069	2,413	27%	3,527
EBITDA	152	139	9%	146	438	345	27%	505
EBITDA Margin	14.3%	14.3%		14.4%	14.3%	14.3%		14.3%
PBT	97	82	17%	93	273	179	53%	283
PBT Margin	9.1%	8.5%		9.2%	8.9%	7.4%		8.0%
PAT	71	59	21%	68	201	132	52%	206
PAT Margin%	6.7%	6.1%		6.7%	6.5%	5.5%		5.8%
Cash PAT	110	96	15%	105	314	241	30%	353
Cash PAT Margin%	10.3%	9.9%		10.4%	10.2%	10.0%		10.0%

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Revenue from Operations ( ₹ in Cr) EBITDA ( ₹ in Cr) PAT ( ₹ in Cr)
Q3 FY23 Q3 FY22 9M FY23 9M FY22 Q3 FY23 Q3 FY22 9M FY23 9M FY22 Q3 FY23 Q3 FY22 9M FY23 9M FY22
3,069 438 201
2,413 345 132
1,062 966 152 139 71 59
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Performance highlights for Q3 FY23

Revenue from Operations for Q3 FY23 grew by 10% to ₹ 1,062 crores as compared to ₹ 966 crores in Q3 FY22.

EBITDA for Q3 FY23 stood at ₹ 152 crores as compared to ₹ 139 crores in Q3 FY22. EBITDA margin for Q3 FY23 stood at 14.3% as compared to 14.3% in Q3 FY22.

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PBT for Q3 FY23 grew by 17% to ₹ 97 crores as compared to ₹ 82 crores in Q3 FY22. PBT margin for Q3 FY23 stood at 9.1% as compared to 8.5% in Q3 FY22.

PAT for Q3 FY23 grew by 21% to ₹ 71 crores as compared to ₹ 59 crores in Q3 FY22. PAT margin for Q3 FY23 stood at 6.7% as compared to 6.1% in Q3 FY22.

Performance highlights for 9M FY23

Revenue from Operations for 9M FY23 grew by 27% to ₹ 3,069 crores as compared to ₹ 2,413 crores in 9M FY22.

EBITDA for 9M FY23 stood at ₹ 438 crores as compared to ₹ 345 crores in 9M FY22. EBITDA margin for 9M FY23 stood at 14.3%.

PBT for 9M FY23 grew by 53% to ₹ 273 crores as compared to ₹ 179 crores in 9M FY22. PBT margin for 9M FY23 stood at 8.9% as compared to 7.4% in 9M FY22.

PAT for 9M FY23 grew by 52% to ₹ 201 crores as compared to ₹ 132 crores in 9M FY22. PAT margin for 9M FY23 stood at 6.5% as compared to 5.5% in 9M FY22.

Total Order book as on December 31, 2022 stood at ₹ 11,209 crores . The order book inter alia includes Metro projects (elevated and underground) contributing ~ 52%, while Flyover, Bridges & Roads projects contributes ~34% and others contributing ~14%.

On the performance Mr. Kamal J. Gupta, Managing Director commented , “Our progress in the nine months of the year under review reflects our resilience amid a challenging macro-economic environment. 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.

We are honoured to have played our part in EPC construction of Mumbai Metro Project Line 2A and 7, comprised of 35 Km of viaduct and 30 stations constructed in 2 Phases. The project was recently 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 momentum should gain further momentum in coming quarters. We have so far been awarded projects worth ₹ 1,688 Crores during FY 23 and are aggressively targeting to achieve our guided order booking. Our

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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.”

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.

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