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J. Kumar Infraprojects Limited Interim / Quarterly Report 2021
61720_rns_2020-08-20_cdf6e2a5-c1f3-4f4b-9519-0d2dbbabf6ad.pdf
Interim / Quarterly Report
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U . Kumar I n raprojects LtJ. We dream ... So we achieve...
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
TNI
August 20, 2020
National Stock Exchange of India Limited Exchange Plaza, Plot No. C/i, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai -4000 51 NSE Code — JKIL BSE Limited, 251h Floor, "Phiroze Jeejeebhoy Towers", Dalal Street, Mumbal —400001 Code - 532940
Sub: Press Release on unaudited standalone Financial Results for the quarter ended June 30, 2020
Dear Sir/Madam,
Please find enclosed Press Release on unaudited Standalone Financial Results for the quarter ended June 30, 2020.
You are requested to kindly take a note of the above.
Thanking you,
Yours faithfully
For J. Kumar Infraprojects Ltd
Poornima Fdy Company Secretary & Compliance00 1 ^
End: As above
Investor Release
J. Kumar Infraprojects Limited Q1 FY21 Results Release
Work commenced at more than 90% of the Order book Current Labour availability more than 60% of Pre-Covid level Healthy Orderbook of ₹109,742 mn & sufficient liquidity to ramp up execution in coming quarters Revenue from Operations for Q1 FY21 at ₹ 2,853 mn, EBIDTA ₹ 283 mn; Cash PAT at ₹ 142 mn
Mumbai, August 20, 2020: 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 ended June 30, 2020.
Key Financial Highlights are as follows:
| Particulars (₹ In Mn) | Q1 FY21 | Q1 FY20 | Y-O-Y | FY20 |
|---|---|---|---|---|
| Revenue from Operations | 2,853 | 6,677 | -57% | 29,705 |
| EBIDTA | 283 | 1,113 | -75% | 4,289 |
| EBIDTA Margin | 9.9% | 16.7% | 14.4% | |
| PBT | (275) | 619 | -144% | 2,333 |
| PBT Margin | -9.6% | 9.3% | 7.9% | |
| PAT | (208) | 409 | -151% | 1,836 |
| PAT Margin % | -7.3% | 6.1% | 6.2% | |
| Cash PAT | 142 | 698 | -80% | 3,098 |
| Cash PAT Margin % | 5.0% | 10.5% | 10.4% |
Performance highlights for Q1 FY21
Standalone Performance highlights for Q1FY21: Total Income for Q1FY21 is ₹ 2,853 mn with EBITDA of ₹283 mn and Cash PAT of ₹142 mn. We witnessed partial recovery in May and good recovery from June onwards. We have taken stringent cost control measures and are working hard to improve working capital management and profitability going forward. As execution pace improves, Company expects substantial increase in revenue and cash flows.
Our Total Order book as on June 30, 2020 stood at ₹ 1,09,742 mn. The order book inter alia includes Metro projects (elevated and underground) contributing ~ 57%, while Flyover, Bridges & Roads projects contributes ~41%.
On the performance Mr. Kamal Gupta, Managing Director commented, "Q1FY21 has been extremely challenging for the Construction Industry. Industry faced multiple issues in terms of slow pick up in construction activity, large scale labour migration specially from Mumbai & Delhi as well as liquidity challenges.
While JKIL has had its own share of challenges, our strategy of continuous focus on collection and improving working capital utilisation, cost rationalisation measures and maintaining debt levels within the broad parameters has helped us to not only stay afloat but gather momentum and start projects across our orderbook.
Safety and well-being of our workmen and employees are of utmost importance to us. We had implemented heightened safety protocols across our sites, ensured essential supplies and initiated work from home facility for our office staff.
We expect strong impetus from the Government on pushing infrastructure development projects to kick start the economy. With our expertise and track record, we are hopeful of being awarded more such Urban Infra Projects across the country. At JKIL, we are all geared to Capitalise on Opportunity of huge Infrastructure development in Country. We are witnessing increased level of tendering activities, which we expect to further gain pace in Q3 FY21. Our careful project selection criteria, strong bidding and estimation capabilities, efficient project planning and management coupled with asset ownership are key to our success. 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."
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 |