Shares of J.Kumar Infraprojects rose 3.5 percent on October 29 following the company's strong quarterly earnings for Q2FY25. The consolidated net profit increased by 23 percent year-on-year to Rs 90.2 crore, while revenue from operations rose 17 percent to Rs 1,292 crore.
By 12.40 PM, J.Kumar Infra shares were up over 3 percent, trading at Rs 746. The stock has gained 25 percent year-to-date, outpacing the Nifty 50’s 12 percent rise. Despite this, J.Kumar Infra’s monthly returns have been negative from August through October.
The company reported an 18 percent year-on-year increase in EBITDA to Rs 188 crore, with EBIT rising 26 percent to Rs 155 crore. J.Kumar Infra's debt-to-equity ratio remains manageable at 0.28x as of September 30.
Follow our live blog for all the market action
As of the end of Q2, J.Kumar Infra's total order book stood at Rs 18,721 crore, encompassing metro projects (both elevated and underground), elevated corridors, flyovers, roads, and road tunnels.
"We remain committed to strategically expanding and diversifying our project portfolio, leveraging our robust
technical capabilities. This focused approach will position us for sustainable growth and long-term success," said Kamal J. Gupta, Managing Director of J.Kumar Infra.
Earlier in October the company had bagged a work order worth Rs 297.8 crore from Pune Municipal Corporation.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.