JKumar Infraprojects shines after strong Q1FY17
JKumar Infraprojects (JKIL) has declared its Q1FY17 results on September 13. The company’s revenue has increased by 10.94 per cent to Rs 403 crore in Q1FY17 as compared to same period in previous fiscal. Its EBITDA too has risen by 5.7 per cent to Rs 74.14 crore in Q1FY17 on a yearly basis. However, JKIL’s EBITDA margin has contracted by 92 basis points to 18.38 per cent in Q1FY17 as compared to same period in previous financial year.
JKIL’s net profit has risen by 15.63 per cent to Rs 29.52 crore in Q1FY17 on a yearly basis. The company’s net profit margin has expanded by 30 basis points to 7.32 per cent in Q1FY17 as compared to same period in previous financial year. Its order book stands at Rs 8645.58 crore as of Q1FY17.
The company’s management says company is in a strong position post Q1FY17 results and recent order wins. Post good monsoon, it is expecting execution will pick up in H2FY17.
The share price of JKIL has increased by 4.98 per cent on bourses in early trades; and is trading at Rs 164.4 on an intraday basis.