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J. Kumar Infraprojects Limited Interim / Quarterly Report 2026
61720_rns_2026-05-19_b5a08b5f-fc20-48de-bd4c-0d2bec6fcd7b.pdf
Interim / Quarterly Report
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J. Kumar Infraprojects Ltd.
We dream ... So we achieve...
Regd. Off.: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (E), Mumbai - 400 057, Maharashtra, INDIA. Ph.: +91-22-6871 7900 / +91-22-6774 3555 • E-mail: [email protected] • Website: www.jkumar.com CIN: L74210MH1999PLC122886
19th May, 2026
To,
The Secretary,
BSE Limited
Corporate Relation Dept,
P.J. Towers,
Dalal Street, Fort,
Mumbai-400 001
Scrip Code: 532940
The Secretary,
National Stock Exchange of India Limited
Plot No. C/1, G Block,
Bandra Kurla Complex,
Bandra (East)
Mumbai-400 051
Scrip Symbol: JKIL
ISIN: INE576I01022
Sub: Outcome of the Board Meeting held on Tuesday, 19th May, 2026
Dear Sir(s),
With reference to the intimation dated 07th May, 2026, as submitted to the Exchange regarding the schedule of the Board Meeting, and pursuant to Regulation 30 (read with Part A of Schedule III) and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (hereinafter referred to as the “SEBI Listing Regulations”), and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that the Board of Directors of the Company, at their meeting held today, i.e. on Tuesday, 19th May, 2026, inter-alia considered and approved the following:
1. Audited Financial Statements:
a) The Audited Standalone and Consolidated Financial Statements, as prepared in accordance with Indian Accounting Standards (IND-AS) for the fourth quarter and the Financial Year ended 31st March, 2026 along with the Audited Financial Results for the quarter and year ended on the said date, alongwith the Statement of the Assets and Liabilities and Cash Flow Statement, also enclosed herewith, which were duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meetings held today.
b) A copy of the Independent Audit Report on the Standalone and Consolidated Financial Statements of the Company, issued by the Statutory Auditors, M/s. Todi Tulsyan & Co., Chartered Accountants, in accordance with Regulation 33 of the SEBI Listing Regulations, is enclosed herewith.
J. Kumar
ISO 9001:2015
ISO 14001:2015
OHSAS 18001:2007
J. Kumar Infraprojects Ltd.
We dream ... So we achieve...
Regd. Off.: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (E), Mumbai - 400 057, Maharashtra, INDIA. Ph.: +91-22-6871 7900 / +91-22-6774 3555 • E-mail: [email protected] • Website: www.jkumar.com CIN: L74210MH1999PLC122886
c) A declaration pursuant to Regulation 33(3)(d) of SEBI Listing Regulations, declaring that the Statutory Auditors, M/s. Todi Tulsyan & Co., Chartered Accountants, have expressed an unmodified audit opinion in respect of Audited Standalone and Consolidated Financial Statements, for the financial year ended on 31st March, 2026, is also enclosed herewith.
2. Recommendation of Dividend:
d) The Board of Directors have recommended dividend of ₹ 4.00/- per equity share (i.e. 80% on the Face value of ₹ 5/- per Equity Share) for the financial year 2025-26, which is subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.
3. Trading Window Re-open:
The Trading Window for dealing in the securities of the Company by the Designated Persons, which remain closed from 1st April, 2026 shall now re-open on 22nd May, 2026.
The Meeting commenced at 01:00 P.M. and concluded at 03:00 P.M.
The above information will be available on the website of the Company at: www.jkumar.com
Kindly take the above information on record.
For J. Kumar Infraprojects Limited
Jagdishkumar Madanlal Gupta
Executive Chairman
DIN: 01112887
Enclosures: As Above
TM Since 1980
J. Kumar
ISO 9001:2015
ISO 14001:2015
OHSAS 18001:2007
J. Kumar
J. Kumar Infraprojects Limited
CIN No. L74210MH1999PLC122886
Reg. office: J.Kumar House , CTS No. 448, 446/1, 449, Vila Parle (East), Subhash Road, Mumbai 400057, Maharashtra, India
Tel: 022-67743555, Fax 022-26730814, Email - [email protected], Website: jkumar.com
Statement of Standalone Audited Financial Results for the Quarter and Year ended March 31, 2026
₹ In Lakhs
| Sr.No. | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31-Mar-26 | 31-Dec-25 | 31-Mar-25 | 31-Mar-26 | 31-Mar-25 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 | INCOME | |||||
| Revenue from operations | 1,57,253.67 | 1,30,572.93 | 1,63,274.28 | 5,69,389.15 | 5,69,348.77 | |
| Other income | 3,122.67 | 2,088.62 | 987.81 | 7,489.12 | 3,300.10 | |
| 3 | Total income | 1,60,876.34 | 1,32,661.54 | 1,64,262.09 | 5,70,878.26 | 5,72,648.87 |
| 4 | EXPENSES | |||||
| a) Cost of construction materials consumed | 1,09,292.49 | 83,306.91 | 1,08,041.85 | 3,74,291.69 | 3,75,124.39 | |
| b) Construction expenses | 12,585.27 | 15,197.77 | 18,798.22 | 61,396.48 | 60,799.96 | |
| c) Employee benefits expense | 10,301.24 | 10,725.74 | 10,326.73 | 41,917.99 | 41,322.56 | |
| d) Finance costs | 4,090.90 | 4,373.72 | 4,274.82 | 16,230.03 | 15,508.69 | |
| e) Depreciation expense | 6,549.02 | 4,233.67 | 4,485.27 | 19,400.08 | 16,883.24 | |
| f) Administrative & other expenses | 3,146.05 | 2,440.49 | 2,599.79 | 9,913.26 | 9,461.89 | |
| Total Expenses | 1,45,964.97 | 1,20,278.29 | 1,48,576.68 | 5,23,149.53 | 5,19,100.73 | |
| 5 | Profit before exceptional items and tax (3-4) | 14,411.37 | 12,383.25 | 15,735.42 | 53,728.73 | 53,548.15 |
| Exceptional Items | - | 1,236.61 | - | 1,236.61 | ||
| 6 | Profit before tax | 14,411.37 | 11,146.64 | 15,735.42 | 52,492.12 | 53,548.15 |
| 7 | Tax expense: | |||||
| Current tax | 4,697.90 | 2,557.69 | 4,214.13 | 14,582.52 | 14,331.89 | |
| Deferred tax | (835.57) | 202.68 | 106.93 | (446.51) | 171.38 | |
| Total tax expense | 3,862.33 | 2,760.37 | 4,321.06 | 14,137.00 | 14,503.27 | |
| 8 | Profit after tax (6 -7) | 10,549.04 | 8,386.27 | 11,414.36 | 38,355.12 | 39,044.88 |
| 9 | Other comprehensive income (OCI) | |||||
| Other Comprehensive income not to be reclassified to profit and loss in subsequent periods: | ||||||
| (a) Remeasurement of gains/(losses) on defined benefit plans | (136.47) | 88.73 | 347.10 | 129.73 | 354.93 | |
| (b) Income tax effect | 34.35 | (22.33) | (87.37) | (32.65) | (89.34) | |
| Other Comprehensive Income to be reclassified to profit and loss in subsequent periods: | ||||||
| (a) Items that will be reclassified to profit or loss | 450.48 | - | - | 450.48 | - | |
| (b) Income tax relating to items that will be reclassified to profit or loss | (113.39) | - | - | (113.39) | - | |
| 10 | Total comprehensive income (8+9) | 10,784.02 | 8,452.67 | 11,674.10 | 38,789.29 | 39,210.47 |
| 11 | Paid - up equity share capital | 3,783.28 | 3,783.28 | 3,783.28 | 3,783.28 | 3,783.28 |
| 12 | (Face value of ₹ 5/- each) | |||||
| 13 | Other equity | |||||
| Earning per share (in ₹) | ||||||
| Face value of ₹ 5/- each | ||||||
| (a) Basic | 13.94 | 11.08 | 15.09 | 50.69 | 51.60 | |
| (a) Diluted | 13.94 | 11.08 | 15.09 | 50.69 | 51.60 |
Notes:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 19, 2026
2. These results have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.
3. The Company is primarily engaged in "Construction and Engineering Activities" and there are no other reportable segments under Ind AS 108 "Operating Segments".
4. The figures for the previous period/year have been regrouped/reclassified wherever considered necessary.
5. The Board of Directors at its meeting held on May 19, 2026 have recommended a dividend ₹ 4 /- per equity share of face value of ₹ 5/- each for the year ended March 31, 2026 which is subject to approval of the share holders.
6. On November 21, 2025, the Government of India notified the four Labour Code- the Code on Wages, 2019, the industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of best information available, consistent with the guidance provided by the institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact of Rs. 12.37 crore as Statutory Impact of new Labour Codes under Exceptional Items in the standalone statement of profit and loss for the period ended December 31, 2025 and the year ended March 31, 2026. The company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
Date: May 19, 2026
Place: Mumbai
For and on behalf of
J. Kumar Infraprojects Limited
Jagdishkumar M. Gupta
Executive Chairman
JAYHCA
J. Kumar Infraprojects Limited
CIN No. L74210MH1999PLC122886
Reg. office: J.Kumar House, CTS No. 448, 448/1, 449, Vile Parle (East), Subhash Road, Mumbai 400057, Maharashtra, India
Tel: 022-67743555, Fax 022-26730814, Email - [email protected], Website: jkumar.com
Statement of Standalone Audited Assets & Liabilities
(₹ in Lakh)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| 1. ASSETS | ||
| I) Non-Current Assets | ||
| (a) Property, plant and equipment | 1,13,413.83 | 1,04,919.41 |
| (b) Capital work-in-progress | 29,521.91 | 9,759.06 |
| (c) Investment Property | 10,181.59 | 9,990.60 |
| (d) Financial assets | ||
| (i) Investments | 31,343.07 | 184.70 |
| (ii) Investments in Associate | 49.00 | 49.00 |
| (iii) Other financial assets | 57,717.55 | 38,948.99 |
| (e) Other non-current assets | 1,262.85 | 1,512.93 |
| 2,43,489.80 | 1,65,364.69 | |
| II) Current Assets | ||
| (a) Inventories | 32,964.86 | 50,347.70 |
| (b) Financial assets | ||
| (i) Trade receivables | 1,48,529.21 | 1,48,856.27 |
| (ii) Cash and cash equivalents | 20,309.70 | 6,772.23 |
| (iii) Other bank balances other than (ii) above | 48,770.37 | 77,167.79 |
| (iv) Loans | 722.94 | 703.14 |
| (v) Other financial assets | 17,912.18 | 16,436.42 |
| (c) Other current assets | 1,01,710.19 | 95,567.89 |
| 3,70,919.44 | 3,95,851.44 | |
| TOTAL ASSETS | 6,14,409.24 | 5,61,216.13 |
| 2. EQUITY AND LIABILITIES | ||
| I) Equity | ||
| (a) Equity share capital | 3,783.28 | 3,783.28 |
| (b) Other equity | 3,32,454.87 | 2,96,691.80 |
| 3,36,238.14 | 3,00,475.08 | |
| II) Liabilities | ||
| i) Non Current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 25,652.01 | 13,111.58 |
| (ii) Lease liabilities | 37.73 | 158.06 |
| (iii) Other Financial Liabilities | 23,274.48 | 21,702.43 |
| (c) Deferred tax liabilities (net) | 1,446.74 | 1,746.21 |
| 50,410.97 | 36,718.28 | |
| ii) Current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 33,092.34 | 53,514.16 |
| (ii) Lease liabilities | 120.33 | 507.32 |
| (iii) Trade payables | 9,872.02 | 8,621.46 |
| - total outstanding dues of micro and small enterprises | 75,082.22 | 75,328.19 |
| - total outstanding dues of creditors other than micro and small enterprises | 32,881.50 | 15,625.43 |
| (iv) Other financial liabilities | 72,510.76 | 68,909.00 |
| (b) Other current liabilities | 823.78 | |
| (c) Provisions | 3,377.19 | 1,517.21 |
| (d) Current Tax Liabilities (Net) | 2,27,760.13 | 2,24,022.77 |
| TOTAL EQUITY & LIABILITIES | 6,14,409.24 | 5,61,216.13 |
For and on behalf of
J. Kumar Infraprojects Limited
Jagdishkumar M. Gupta
Executive Chairman
Place: Mumbai
Date: May 19, 2026
J. Kemar
STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31,2026
| Particulars | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Profit/(Loss) before income tax from: | 52,492.12 | 53,548.15 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 19,400.08 | 16,883.24 |
| Loss on sale of investments | ||
| Interest income received | (6,785.08) | (2,974.00) |
| Finance costs | 16,230.03 | 15,508.69 |
| (Gain)/Loss on sale / fair value adjustments of investments through profit and loss (Net) | (7.99) | 5.25 |
| (Gain)/Loss Due To Foreign Currency Fluctuation A/C | 1,403.96 | 81.80 |
| (Gain)/ Loss on sale of property, plant and equipment (net) | (1,300.71) | 82.78 |
| Change in operating assets and liabilities: | ||
| (Increase)/Decrease in trade receivables | (1,076.50) | (29,694.58) |
| (Increase)/Decrease in inventories | 17,382.84 | (2,201.69) |
| (Increase)/Decrease in Other Bank Balance | 28,397.42 | (37,060.88) |
| Increase/(decrease) in trade payables | 1,004.59 | 25,310.78 |
| (Increase)/ Decrease in loans | (19.80) | 376.51 |
| (Increase)/ Decrease in other current financial assets | (1,475.76) | 292.37 |
| (Increase)/ Decrease in other non current assets | 250.08 | 7,742.28 |
| (Increase)/ Decrease in other current assets | (6,142.30) | (10,587.31) |
| Increase/(Decrease) in other non current financial assets | (18,768.56) | (5,989.47) |
| Increase/(Decrease) in other financial liabilities | 18,828.12 | (2,443.15) |
| Increase/(Decrease) in other liabilities | 12,529.55 | 19,916.16 |
| Increase/(Decrease) in provisions | 953.51 | - |
| Cash generated from operations | 1,33,295.58 | 48,796.91 |
| Less : Income tax paid (net of refund) | (21,650.32) | (11,267.91) |
| Net cash inflow from operating activities | 1,11,645.26 | 37,529.00 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Payments for property, plant and equipment | (46,356.63) | (23,455.36) |
| Payments for purchase of investments | (30,890.88) | (10,090.81) |
| Payment For purchase of Subsidiary | 0.85 | |
| Interest income received | 6,785.08 | 2,974.00 |
| Net cash outflow from investing activities | (70,462.44) | (30,571.32) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| --- | --- | --- |
| Proceeds/(Repayments) from Current borrowings (Net) | (20,421.82) | 7,259.66 |
| Proceeds/(Repayments) of non-current borrowings (Net) | 12,540.43 | 1,767.25 |
| Interest and finance charges paid | (16,230.03) | (15,508.69) |
| Dividends paid including dividend distribution tax | (3,026.62) | (3,026.62) |
| Payment Towards Lease Obligation | (507.32) | (995.31) |
| Net cash inflow (outflow) from financing activities | (27,645.36) | (10,503.71) |
| Net increase (decrease) in cash and cash equivalents | 13,537.46 | (3,546.04) |
| Cash and Cash Equivalents at the beginning of the financial year | 6,772.23 | 10,318.27 |
| Cash and Cash Equivalents at end of the year | 20,309.69 | 6,772.23 |
| Reconciliation of cash and cash equivalents as per the cash flow statement: | ||
| Cash and cash equivalents as per above comprise of the following: | ||
| Balances with banks on current accounts | 19,835.86 | 6,336.68 |
| Cash on hand | 473.84 | 435.55 |
| Balances per statement of cash flows | 20,309.70 | 6,772.23 |
Notes :
a) The above Standalone Cash Flow has been prepared under the "Indirect Method" as set out in the Ind AS 7 "Statement of Cash Flows"
OK
CA
Todi Tulsyan & Co.
Chartered Accountants
201/202, B-Wing Extn., 2nd Floor, Rolex Shopping Centre, Station Road, Goregaon (W), Mumbai - 400 104. Telefax : 022 - 6755 6030, Mob. : 93233 44556, Email: [email protected]
GSTIN: 27AACFT0522C1ZS
Independent Auditor's Report on Audited Quarterly and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of
J. Kumar Infraprojects Limited
Report on the audit of Standalone Financial Results
Opinion
We have audited the accompanying Statement of Standalone Financial Results of J. Kumar Infraprojects Limited (“The company”), which includes 28 joint operations consolidated on proportionate basis as listed Annexure A in for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“the Statement”), being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us these financial results:
i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards (“Ind AS”) and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter ended March 31, 2026 as well as for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company and joint operations in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“the ICAI”) together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the
^{}[]
audit evidence we have obtained by us in terms of the reports referred in the "other matter" section below is sufficient and appropriate to provide a basis for our opinion
Management's Responsibilities for the Financial Results
The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
^{}[]
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, under section 143(3)(I) of the Act but not for the purpose of expressing an opinion on the effectiveness of the control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company and the joint operations to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Perform Procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulation to the extent applicable.
-
For the joint operation included in the Statement, which have been audited by the other auditors, such other auditors remain responsible for the directions, supervision and performance of the audit carried out by them. we remain solely responsible our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Statement includes the results for the quarter ended March 31, 2026, being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026, and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations. Our report on the Statement is not modified in respect of this matter.
We did not audit the financial information of 11 joint operations included in the standalone financial results of the entities included in the Group, whose results reflect total assets of Rs. 1,10,154.84 Lakhs (without intercompany elimination) as at 31st March 2026 and total revenues of Rs. 54,607.58 Lakhs and Rs. 1,89,000.59 Lakhs, total net profit /(loss) after tax of Rs. 1,162.91
SINCE 1984
STANDALONE FINANCIAL INSTITUTE
Lakhs and Rs. 1,353.05 Lakhs and total comprehensive income/loss of Rs. 1,162.91 Lakhs and Rs. 1,353.05 Lakhs for the quarter ended 31st March 2026 and for the period from 1st April 2025 to 31st March 2026 respectively (without intercompany elimination), as considered in the respective standalone audited financial information of the entities included in the Group. The financial information of these joint operations have been audited by the branch auditors and other auditors whose reports have been furnished to us or other auditors, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these branches and joint operations, is based solely on the report of such branch auditors and other auditors and the procedures performed by us as stated in paragraph 3 above
We did not audit the financial information of 17 joint operations included in the standalone financial results of the entities included in the Group, whose results reflect total assets of Rs. 8,636.24 Lakhs (without intercompany elimination) as at 31st March 2026 and total revenues of Rs. Nil Lakhs and Rs. 616.00 Lakhs, total net profit /(loss) after tax of Rs. (0.65) Lakhs and Rs. (8.55) Lakhs and total comprehensive income/loss of Rs. (0.65) Lakhs and Rs. (8.55) Lakhs for the quarter ended 31st March 2026 and for the period from 1st April 2025 to 31st March 2026 respectively (without intercompany elimination), as considered in the respective standalone, unaudited financial information of the entities included in the Group. The financial information of these joint operations have not been audited by their respective auditors and whose financial information have been furnished to us by the management of the Parent, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on such financial information certified by the management of the Parent. According to the information and explanations given to us by the Management, the financial information of these entities is not material to the Parent.
Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
The Financial Results include the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year.
For TODI TULSYAN & CO.
Chartered Accountants
DILIP KUMAR
PARTNER
FRN: 002180C
Membership No. 054575
UDIN: 26054575HVZOQF9137
Place: Mumbai
Date: May 19, 2026
Annexure A
Joint Operations:
| S.no. | Name of JV’s | |
|---|---|---|
| 1 | J. Kumar - Speco (JV) | |
| 2 | Supreme – J Kumar (JV) | |
| 3 | J Kumar - Supreme (JV) | |
| 4 | J Kumar - Shiva Engg (JV) | |
| 5 | J Kumar – PBA (JV) | |
| 6 | NCC – J Kumar (JV) | |
| 7 | A | J Kumar - J M Mhatre JV - JNPT Pkg. 1/2/3 |
| B | J Kumar - J M Mhatre JV – Dwarka Expressway | |
| C | J Kumar - J M Mhatre JV – Ulwe Coastal Rd. 1 | |
| D | J Kumar - J M Mhatre JV – Kharghar Coastal Rd. 1 | |
| 8 | J Kumar – CTRG (JV) | |
| 9 | J Kumar Chirag Jekin (JV) | |
| 10 | J Kumar- Chirag - Babulal JV | |
| 11 | J Kumar - Mukesh Brothers JV | |
| 12 | J Kumar - Chirag - API JV | |
| 13 | J Kumar - KR JV | |
| 14 | J Kumar - Chirag - Navdeep JV | |
| 15 | J Kumar- RPS JV | |
| 16 | J Kumar- JKIPL & CCC JV | |
| 17 | J Kumar - RK Indra JV | |
| 18 | Ameya – J Kumar JV | |
| 19 | NCC - J Kumar - SMC JV | |
| 20 | A | J KUMAR-MEPL JV - Mithi River |
| B | J KUMAR-MEPL JV - STP1 | |
| C | J KUMAR-MEPL JV - STP2 | |
| 21 | J Kumar - AICPL (JV) | |
| 22 | J Kumar - Azvirt (JV) | |
| 23 | J Kumar - RPS (JV) | |
| 24 | J Kumar - NCC (JV) (VDCR) | |
| 25 | J Kumar - SMC (JV) | |
| 26 | J Kumar - NCC (GMLR) (JV) | |
| 27 | J Kumar - PRS (JV) | |
| 28 | J Kumar - NACPL (JV) |
J. Kumar
J. Kumar
J. Kumar Infraprojects Limited
CIN No. L74210MH1999PLC122886
Reg. office: J.Kumar House , CTS No. 448, 448/1, 449, Vilo Parkr (East), Subhash Road, Mumbai 400017, Maharashtra, India
Tel: 022-67745555, Fax 022-26730914, Email: [email protected], Website: jkumar.com
Statement of Consolidated Audited Financial Results for the Quarter and Year ended March 31, 2026
₹ 10.165
| Sr.No. | Particulars | Quarter ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|
| 31-Mar-26 | 31-Dec-25 | 31-Mar-25 | 31-Mar-26 | 31-Mar-25 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 | INCOME | |||||
| Revenue from operations | 1,58,539.48 | 1,31,123.76 | 1,63,274.28 | 5,72,932.83 | 5,69,348.77 | |
| Other Income | 3,114.31 | 1,202.56 | 967.61 | 7,807.98 | 6,600.10 | |
| 3 | Total Income (1+2) | 1,61,615.73 | 1,31,584.10 | 1,64,262.09 | 5,80,110.81 | 5,72,648.87 |
| 4 | EXPENSES | |||||
| a) Cost of construction materials consumed | 1,01,739.31 | 83,564.79 | 1,08,041.85 | 3,75,341.23 | 3,75,124.39 | |
| b) Construction expenses | 12,870.27 | 15,496.27 | 18,798.22 | 62,392.62 | 60,799.59 | |
| c) Employee benefits expense | 10,382.00 | 10,816.36 | 10,326.73 | 42,288.37 | 41,322.56 | |
| d) Finance costs | 4,228.45 | 4,561.25 | 4,274.82 | 16,785.59 | 15,508.69 | |
| e) Depreciation expense | 6,291.64 | 4,274.88 | 4,485.27 | 19,560.92 | 16,885.24 | |
| f) Administrative & other expenses | 3,152.25 | 3,454.51 | 3,599.79 | 9,955.92 | 9,461.85 | |
| Total Expenses | 1,46,973.94 | 1,21,168.05 | 1,48,526.68 | 5,26,330.34 | 5,19,100.73 | |
| 5 | Profit before exceptional items and tax (3-4) | 14,679.79 | 12,216.05 | 15,735.42 | 53,780.47 | 53,548.15 |
| Share of profit/(loss) of an associate / a joint venture (IV) | 60.66 | 49.63 | 5.80 | 131.88 | 75.84 | |
| Exceptional item impact of Labour Codes | - | 1,236.61 | - | 1,236.61 | - | |
| Others | (151.10) | - | - | (151.10) | - | |
| 6 | Profit before tax | 14,891.93 | 11,020.08 | 15,741.21 | 52,826.84 | 53,623.99 |
| 7 | Tax expense: | |||||
| Current tax | 4,697.90 | 2,557.69 | 4,114.13 | 14,582.52 | 14,331.89 | |
| Deferred tax | (895.57) | 202.68 | 108.59 | (445.51) | 171.38 | |
| Total tax expense | 6,862.33 | 2,760.37 | 6,321.06 | 14,137.00 | 14,503.27 | |
| 8 | Profit after tax (6-7) | 11,029.22 | 6,209.71 | 11,420.16 | 38,689.83 | 39,120.71 |
| 9 | Other comprehensive income (DIO) | |||||
| Items not to be reclassified to profit and loss in subsequent periods: | ||||||
| Remeasurement of gains (losses) on defined benefit plans | (123.86) | 88.73 | 347.10 | 142.34 | 354.93 | |
| Income tax effect | 34.35 | (22.33) | (88.68) | (32.05) | (89.34) | |
| Other Comprehensive Income to be reclassified to profit and loss in subsequent periods: | ||||||
| (a) Items that will be reclassified to profit or loss | 450.48 | - | - | 450.48 | - | |
| (b) Income tax relating to items that will be reclassified to profit or loss | (113.39) | - | - | (113.39) | - | |
| 10 | Total comprehensive income (8+9) | 11,279.81 | 8,326.11 | 11,678.58 | 39,136.62 | 39,386.31 |
| 11 | Profit attributable to: | |||||
| Shareholder's of Company Non-Controlling Interest | 10,964.41 | 8,284.79 | 11,420.16 | 38,657.52 | 39,120.71 | |
| 12 | Other Comprehensive Income/(loss) attributable to: | |||||
| Shareholder's of Company Non-Controlling Interest | 245.70 | 66.40 | 258.42 | 444.89 | 265.59 | |
| 1.89 | - | - | 1.89 | - | ||
| 13 | Total Comprehensive Income attributable to: | |||||
| Shareholder's of Company Non-Controlling Interest | 11,211.98 | 8,351.18 | 11,678.58 | 39,104.20 | 39,386.31 | |
| 64.82 | (25.08) | - | 32.32 | - | ||
| 14 | Paid - up equity share capital (Face value of 1.5/- each) | 3,783.28 | 3,783.28 | 3,783.28 | 3,783.28 | 3,783.28 |
| 15 | Other equity | |||||
| 16 | Carrying per share (in %) | |||||
| Face value of 1.5/- each | ||||||
| (a) Basic | 14.58 | 10.92 | 15.09 | 51.13 | 51.70 | |
| (a) Diluted | 14.58 | 10.92 | 15.09 | 51.13 | 51.70 |
Notes:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 19, 2026
2. These results have been prepared in accordance with the Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.
3. The Company is primarily engaged in "Construction and Engineering Activities" and there are no other reportable segments under Ind AS 108 "Operating Segments".
4. The figures for the previous period/year have been regrouped/reclassified wherever considered necessary.
5. The Board of Directors at its meeting held on May 19, 2026 have recommended a dividend 1.4/- per equity share of face value of 1.5/- each for the year ended March 31, 2026 which is subject to approval of the share holders.
6. On November 21, 2025, the Government of India notified the four Labour Code- the Code on Wages, 2019, the Industrial Relations Code, 2000, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact of Rs. 12.37 crore as Statutory Impact of new Labour Codes under Exceptional Items in the standalone statement of profit and loss for the period ended December 31, 2025 and the year ended March 31, 2026. The company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
Date: May 19, 2025
Place: Mumbai
By Order of the Board
For J. Kumar Infraprojects Limited
J. Kumar
1
J. Kumar Infraprojects Limited
CIN No. L74210MH1999PLC122886
Reg. office: J.Kumar House, CTS No. 448, 448/1, 449, Viie Parle (East), Subhash Road, Mumbai 400057, Maharashtra, India
Tel: 022-67743555, Fax 022-26730814, Email - [email protected], Website: jkumar.com
Statement of Audited Consolidated Assets & Liabilities
(₹ in Lakh)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| 1. ASSETS | ||
| i) Non-Current Assets | ||
| (a) Property, plant and equipment | 1,16,527.52 | 1,08,118.58 |
| (b) Capital work-in-progress | 29,521.91 | 9,759.06 |
| (c) Investment Property | 10,181.59 | 9,990.60 |
| (d) Goodwill | 330.24 | 330.24 |
| (e) Financial assets | ||
| (i) Investments | 31,347.97 | 189.60 |
| (ii) Investments in Associate | 474.38 | 342.50 |
| (iii) Other financial assets | 57,794.70 | 39,117.27 |
| (f) Other non-current assets | 1,262.85 | 1,512.93 |
| 2,47,441.16 | 1,69,360.78 | |
| ii) Current Assets | ||
| (a) Inventories | 33,142.36 | 50,508.19 |
| (b) Financial assets | ||
| (i) Trade receivables | 1,49,069.89 | 1,49,172.96 |
| (ii) Cash and cash equivalents | 20,318.01 | 6,774.15 |
| (iii) Other bank balances other (ii) above | 48,968.45 | 77,336.36 |
| (iv) Loans | 722.94 | 869.23 |
| (v) Other financial assets | 18,122.83 | 16,649.20 |
| (c) Other current assets | 1,01,876.79 | 95,863.60 |
| 3,72,222.27 | 3,97,173.69 | |
| TOTAL ASSETS | 6,19,663.43 | 5,66,534.47 |
| 2. EQUITY AND LIABILITIES | ||
| i) Equity | ||
| (a) Equity share capital | 3,783.28 | 3,783.28 |
| (b) Other equity | 3,33,063.38 | 2,96,985.30 |
| (c) Non Controlling Interests | (25.81) | (58.13) |
| 3,36,820.84 | 3,00,710.45 | |
| ii) Liabilities | ||
| i) Non Current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 28,319.42 | 15,578.53 |
| (ii) Lease liabilities | 63.58 | 191.77 |
| (iii) Other Financial Liabilities | 23,350.49 | 21,771.53 |
| (c) Deferred tax liabilities (net) | 1,446.74 | 1,746.21 |
| 53,180.23 | 39,288.04 | |
| ii) Current Liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 33,615.50 | 54,167.85 |
| (ii) Lease liabilities | 120.33 | 507.32 |
| (iii) Trade payables | ||
| - total outstanding dues of micro and small enterprises | 9,872.02 | 8,785.97 |
| - total outstanding dues of creditors other than micro and small enterprises | 75,545.92 | 75,328.19 |
| (iv) Other financial liabilities | 33,718.85 | 17,215.91 |
| (b) Other current liabilities | 72,588.78 | 69,013.52 |
| (c) Provisions | 823.78 | - |
| (d) Current Tax Liabilities (Net) | 3,377.19 | 1,517.21 |
| 2,29,662.36 | 2,26,535.98 | |
| TOTAL EQUITY & LIABILITIES | 6,19,663.43 | 5,66,534.47 |
For and on behalf of
J. Kumar Infraprojects Limited
JJ
Jagdishkumar M. Gupta
Executive Chairman
Place : Mumbai
Date: May 19, 2026
J. Kumar
J. KUMAR INFRAPROJECTS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31,2026
| Particulars | Year Ended 31st March 2026 | Year Ended 31st March 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Profit/(Loss) before income tax from: | 52,694.95 | 53,548.15 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 19,566.62 | 16,883.24 |
| Interest income received | (6,791.88) | (2,974.00) |
| Finance costs | 16,785.59 | 15,508.69 |
| (Gain)/Loss on sale and fair value adjustments of investments through profit and loss (Net) | 7.99 | 5.25 |
| (Gain)/Loss due to Foreign Currency Fluctuation | 265.36 | 81.80 |
| (Gain)/ Loss on sale of property, plant and equipment (net) | (876.36) | 82.78 |
| Share of Profit/(Loss) from associates | 131.88 | 75.84 |
| Change in operating assets and liabilities: | ||
| (Increase)/Decrease in trade receivables | -161.89 | (29,694.58) |
| (Increase)/Decrease in inventories | 17,365.82 | (2,201.69) |
| (Increase)/Decrease in Other Bank Balance | 28,366.92 | (37,060.88) |
| Increase/(decrease) in trade payables | 1,303.77 | 25,310.78 |
| (Increase)/ Decrease in loans | 146.29 | 376.51 |
| Increase/ (Decrease) in other current financial assets | -1,473.63 | 292.37 |
| (Increase)/ Decrease in other non current assets | 250.08 | 7,742.28 |
| (Increase)/ Decrease in other current assets | -6,013.18 | (10,587.31) |
| Increase/ (Decrease) in other non current financial assets | -18,677.43 | (5,989.47) |
| Increase/ (Decrease) in other financial liabilities | 18,081.90 | (2,443.15) |
| Increase/ (Decrease) in other liabilities | 12,503.04 | 19,916.16 |
| Increase/ (Decrease) in provisions | 966.12 | |
| Cash generated from operations | 1,34,441.97 | 48,872.75 |
| Less : Income tax paid (net of refund) | (21,650.32) | (11,267.91) |
| Net cash inflow from operating activities | 1,12,791.65 | 37,604.84 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Payments for property, plant and equipment | -46,862.05 | (23,455.36) |
| Payments for purchase of investments | -31,038.75 | (10,163.89) |
| Interest received | 6,791.88 | 2,974.00 |
| Net cash outflow from investing activities | (71,108.92) | (30,645.25) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds/(Repayments) from borrowings (Net) | -20,552.35 | 7,259.66 |
| Proceeds/(Repayments) of non-current borrowings (Net) | 12,740.89 | 1,767.25 |
| Net change in current borrowings | ||
| Interest and finance charges paid | (16,785.59) | (15,508.69) |
| Dividends paid | (3,026.62) | (3,026.62) |
| Payment Towards Lease Obligation | -515.19 | (995.31) |
| Net cash inflow (outflow) from financing activities | (28,138.87) | (10,503.71) |
| Net increase (decrease) in cash and cash equivalents | 13,543.86 | -3,544.13 |
| Cash and Cash Equivalents at the beginning of the financial year | 6,774.15 | 10,318.27 |
| Cash and Cash Equivalents at end of the year | 20,318.01 | 6774.15 |
| Reconciliation of cash and cash equivalents as per the cash flow statement: | ||
| Cash and cash equivalents as per above comprise of the following: | ||
| Balances with banks on current accounts | 19,843.81 | 6338.53 |
| Cash on hand | 474.20 | 435.62 |
| Balances per statement of cash flows | 20,318.01 | 6,774.15 |
(0.00)
Notes :
a) The above Standalone Cash Flow has been prepared under the "Indirect Method" as set out in the Indirect Statement of Cash Flows"
J.K. Kumar
CA
Todi Tulsyan & Co.
Chartered Accountants
201/202, B-Wing Extn., 2nd Floor, Rolex Shopping Centre, Station Road, Goregaon (W), Mumbai - 400 104. Telefax : 022 - 6755 6030, Mob. : 93233 44556, Email: [email protected]
GSTIN: 27AACFT0522C1ZS
Independent Auditor's Report on the Annual Consolidated Financial Results pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended.
TO
THE BOARD OF DIRECTORS OF
J. Kumar Infraprojects Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of J. Kumar Infraprojects Limited (“Holding company”), its subsidiaries (Holding Company and its subsidiaries together referred to as “the group”), its associate and 28 jointly controlled entities for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“the Statement”), being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of the other auditors on separate financial information of subsidiaries, associate, and joint operations of the group as referred to in the “Other Matters” section below, the aforesaid statement:
i. includes the results of the joint operations and associate as listed in Annexure - A
ii. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Holding Company and its associate for the year ended March 31, 2026.
^{}[]
Basis for Opinion on the Audited Consolidated Financial Results for the year ended March 31, 2026
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those SAs are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Holding Company and its associate in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI’), together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 31, 2026 under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Consolidated Financial Results
This Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company’s Board of Directors and has been approved by them for the issuance. The Company’s Management and the Board of Directors of the Company are responsible for the preparation and presentation of these Consolidated Financial Results that gives a true and fair view of the consolidated net profit, consolidated other comprehensive income and other financial information of the Holding Company and its associate in accordance with the recognition and measurement principles laid down in applicable Indian Accounting Standards prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Holding Company and its associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the statement by the Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective board of directors of the companies included, the Group and its associate’s, joint operations of the group are responsible for assessing the ability of the Group and of its associate’s, joint operations of the group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Holding Company and its associate or to cease operations, or has no realistic alternative but to do so. The respective
^{}[]
Board of Directors of the companies included in the Group and of its associate’s, joint operations of the group is responsible for overseeing the Holding Company and its associate’s financial reporting process.
Auditor’s Responsibilities
(a) Audit of the Consolidated Financial Results for the year ended March 31, 2026
Our objectives are to obtain reasonable assurance about whether these Consolidated Financial Results as a whole, are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We are also:
-
Identify and assess the risks of material misstatement of these Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to Consolidated financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and of its associate’s, joint operations of the group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in these Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Holding Company and its associate to cease to continue as a going concern.
^{}[]
-
Evaluate the overall presentation, structure and content of these Consolidated Financial Results, including the disclosures, and whether these Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the group and of its associate’s, joint operations of the group to express an opinion on the Statement. We are responsible for the direction, supervision, and performance of the audit of financial information of such entities or business activities included in the Statement of which we are the independent auditors. For the other entities or business activities included in the Statement, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Statement includes the results for the quarter ended March 31, 2026, being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026, and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations. Our report on the Statement is not modified in respect of this matter.
The Statement includes the Audited financial result/information of 11 joint operations included in the consolidated financial results of the entities included in the Group, whose results reflect total assets of Rs. 1,10,154.84 Lakhs (without intercompany elimination) as at 31st March 2026 and total revenues of Rs. 54,607.58 Lakhs and Rs. 1,89,000.59 Lakhs, total net profit /(loss) after tax of Rs. 1,162.91 Lakhs and Rs. 1,353.05 Lakhs and total comprehensive income/loss of Rs. 1,162.91 Lakhs and Rs. 1,353.05 Lakhs for the quarter ended 31st March 2026 and for the period
S
from 1st April 2025 to 31st March 2026 respectively (without intercompany elimination), as considered in the respective consolidated audited financial information of the entities included in the Group. The other Auditor’s report and branch auditor’s report have been furnished to us or other auditors by the Management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these branches and joint operations, is based solely on the report of such branch auditors and other auditors and the procedures performed by us as stated in Auditor’s Responsibility section above.
The Statement includes the Unaudited financial information of 17 joint operations included in the consolidated financial results of the entities included in the Group, whose results reflect total assets of Rs. 8,636.24 Lakhs (without intercompany elimination) as at 31st March 2026 and total revenues of Rs. Nil Lakhs and Rs. 616.00 Lakhs, total net profit /(loss) after tax of Rs. (0.65) Lakhs and Rs. (8.55) Lakhs and total comprehensive income/loss of Rs. (0.65) Lakhs and Rs. (8.55) Lakhs for the quarter ended 31st March 2026 and for the period from 1st April 2025 to 31st March 2026 respectively (without intercompany elimination), as considered in the respective consolidated Result, unaudited financial information of the entities included in the Group. The financial information of these joint operations have not been audited by their respective auditors and whose financial information have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on such financial information certified by the management of the Parent. According to the information and explanations given to us by the Management, the financial information of these entities is not material to the Group.
The Statement also includes the Holding Company’s share of total net profit after tax of Rs. 60.66 Lakhs and Rs.131.88 Lakhs, and total comprehensive income of Rs. 60.66 Lakhs and Rs.131.88 Lakhs for the quarter and year ended March 31, 2026, respectively, as considered in the Statement, in respect of its associate whose financial information has been audited by other Auditors. This financial information has been audited, as applicable, by other auditors whose reports have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this associate is based solely on the reports of the other auditors and the procedures performed by us as stated under Auditor’s Responsibilities section above.
The Consolidated Financial Results includes the audited financial information of 2 subsidiaries, whose financial information reflects total assets of Rs. 5,116.88 Lakhs as at March 31, 2026 and total revenues of Rs. 1,277.39 and Rs. 3,232.55, total net Profit after tax of Rs. 419.52 and Rs. 202.83, total comprehensive profit (net) of Rs. 432.13 and Rs. 215.44 for the quarter and year ended March 31, 2026 respectively, and net cash flows of Rs. 8.30 Lakhs for the year ended March 31, 2026, as considered in the Statement, whose financial information has been audited by their respective auditors.
Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
The Financial Results include the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March
^{}[]
31, 2026 and the published audited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down by the Indian Accounting Standard 34 “Interim Financial Reporting” which is subject to limited review by us.
Our opinion is not modified in respect of the above matters
For TODI TULSYAN & CO.
Chartered Accountants
DILIP KUMAR
PARTNER
FRN: 002180C
Membership No. 054575
UDIN: 26054575AYTAUM9247
Place: Mumbai
Date: May 19, 2026
Annexure A
Holding Company:
1) J. Kumar Infraprojects Limited
Associate:
1) J. Kumar – NCC Private Limited
Subsidiaries:
1) Odette Engineers Private Limited
2) Pranav Construction System Private Limited
Joint Operations:
| S.no. | Name of JV’s | |
|---|---|---|
| 1 | J. Kumar - Speco (JV) | |
| 2 | Supreme – J Kumar (JV) | |
| 3 | J Kumar - Supreme (JV) | |
| 4 | J Kumar - Shiva Engg (JV) | |
| 5 | J Kumar – PBA (JV) | |
| 6 | NCC – J Kumar (JV) | |
| 7 | a | J Kumar - J M Mhatre JV - JNPT Pkg. 1/2/3 |
| b | J Kumar - J M Mhatre JV – Dwarka Expressway | |
| c | J Kumar - J M Mhatre JV – Ulwe Coastal Rd. 1 | |
| d | J Kumar - J M Mhatre JV – Kharghar Coastal Rd. 1 | |
| 8 | J Kumar – CTRG (JV) | |
| 9 | J Kumar Chirag Jekin (JV) | |
| 10 | J Kumar- Chirag - Babulal JV | |
| 11 | J Kumar - Mukesh Brothers JV | |
| 12 | J Kumar - Chirag - API JV | |
| 13 | J Kumar - KR JV | |
| 14 | J Kumar - Chirag - Navdeep JV | |
| 15 | J Kumar- RPS JV | |
| 16 | J Kumar- JKIPL & CCC JV | |
| 17 | J Kumar - RK Indra JV | |
| 18 | Ameya – J Kumar JV | |
| 19 | NCC - J Kumar - SMC JV | |
| 20 | a | J KUMAR-MEPL JV - Mithi River |
| b | J KUMAR-MEPL JV - STP1 | |
| c | J KUMAR-MEPL JV - STP2 | |
| 21 | J Kumar - AICPL (JV) | |
| 22 | J Kumar - Azvirt (JV) | |
| 23 | J Kumar - RPS (JV) | |
| 24 | J Kumar - NCC (JV) (VDCR) | |
| 25 | J Kumar - SMC (JV) | |
| 26 | J Kumar - NCC (GMLR) (JV) | |
| 27 | J Kumar - PRS (JV) | |
| 28 | J Kumar - NACPL (JV) |
J. Kumar Infraprojects Ltd.
We dream ... So we achieve...
Regd. Off.: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (E), Mumbai - 400 057, Maharashtra, INDIA. Ph.: +91-22-6871 7900 / +91-22-6774 3555 • E-mail: [email protected] • Website: www.jkumar.com
CIN: L74210MH1999PLC122886
DECLARATION
Pursuant to Regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27th May, 2016, We, J. Kumar Infraprojects Limited, do hereby state and declare that the Statutory Auditor's Report on the Standalone and Consolidated Financial Statements for the Financial Year ended 31st March, 2026 are with unmodified opinion.
For J. Kumar Infraprojects Limited
Vasant Savla
Chief Financial Officer
Date: 19th May, 2026
Place: Mumbai
J. Kumar
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OHSAS 18001:2007
