Infra stock engaged in the business of constructing projects such as metro, tunnels, roads, and many more in focus after its joint venture company received a letter of acceptance worth Rs. 4,568 Crores.
With a market capitalization of Rs. 4,968 Crores, the shares of J. Kumar Infraprojects Limited were trading at Rs. 654.60, down 2.44 percent from its previous day’s close price of Rs. 671.
J. Kumar Infraprojects Limited’s joint venture J. Kumar-NCC has received a Letter of Acceptance (LOA) worth Rs. 4,568 Crores from Brihanmumbai Municipal Corporation for the work of the Mumbai Coastal Road North Project and GMLR Connector. The company has a 50 percent share in the JV and the LOA amounting to Rs. 2,274 Crores. The project has to be completed within 48 months.
J Kumar Infraprojects Limited is engaged in the business of contracts for various infrastructure projects including Transportation Engineering, Irrigation Projects, Civil Construction, and Piling Work, etc, like metro projects, roads, flyovers, and many more.
As of Q3FY24, it generated 23 percent of its revenue from Elevated Corridors/Flyovers, 18 percent from Elevated Metro, 24 percent from Underground Metro, 6 percent from Civil and other works, 24 percent from Roads/Road Tunnels, and 5 percent from Waterworks and 1 percent others. Based on Geography 65 percent from Maharashtra, 27 percent from NCR, 4 percent from Gujarat, and 3 percent from Karnataka.
It has a healthy order book of Rs. 16,774 Crores and its breakup is as follows, 34 percent Elevated Corridors/Flyovers, 25 percent Roads and road Tunnels, 16 percent Elevated Metro, 13 percent Underground Metro, 7 percent water works, 5 percent Civil&others.
The company’s revenue from operations grew 19.16 percent from Rs. 3,527.2 Crores in FY22 to Rs. 4,203.14 Crores in FY23, accompanied by increasing profits of Rs. 205.88 Crores to Rs. 274.39 Crores.
Written by: Bharath K.S
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