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JMC Projects climbs nearly 4 per cent on bagging orders worth Rs 698 crore

Apurva Joshi
/ Categories: Mindshare
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JMC Projects climbs nearly 4 per cent on bagging orders worth Rs 698 crore

JMC Projects (India) Limited has bagged new orders worth Rs 698 crore that includes building projects in South India. This order win belongs to the company’s B&F (buildings & factories) business segment. 

The company’s order inflows for the current year have crossed Rs 6,700 crore. During the September quarter of FY21, it had received orders worth Rs 3,603 crore. Its total order book as of September 30, 2020 stood at Rs 14,227 crore. Considering its consolidated revenue for FY20, the book-to-bill ratio comes out at 3.6x, giving revenue visibility for the next 3-4 years. 

Its order book mix consists of B&F private - 47 per cent, B&F government - 8 per cent, industrial - 4 per cent and infrastructure - 40 per cent. 

On the financial front, its consolidated revenue for the quarter Q2FY21 came in at Rs 842.67 crore as against Rs 976.64 crore in the corresponding quarter last year, registering a 13.7 per cent YoY decline. EBITDA for the quarter fell by 21.9 per cent YoY to Rs 98.99 crore, with a corresponding margin contraction of 122 bps. EBITDA margin for the quarter stood at 11.7 per cent. It incurred a net loss of Rs 18.1 crore as against a net profit of Rs 14.4 crore in Q2FY20. 

JMC Projects (India) Ltd, a subsidiary of Kalpataru Power Transmission Limited is India's one of the leading contracting companies.  

During the early morning session on Wednesday, the stock of JMC Projects surged 3.9 per cent to Rs 69.10 from its previous close of Rs 66.45. 

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