J Kumar Infraprojects reports healthy performance
J Kumar Infraprojects' standalone revenue for the quarter came in at Rs. 457.16 crore, registering 23.9 per cent yoy increase.
The company's EBITDA for the quarter rose by 23 per cent yoy to Rs. 77.62 crore with a corresponding margin contraction of 12 bps. EBITDA margin for the quarter stood at 17 per cent. The PAT for the quarter came in at Rs. 32.92 crore, yoy increase of 24.1 per cent.
J Kumar Infraprojects designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others. The company's offerings in civil construction segment include office/commercial buildings, sports complexes and swimming pools. Further, in Irrigation Projects segment, the company builds dams, canals, aqueducts and irrigation tanks and spillways.
It seems that investors were expecting strong quarterly earnings for J Kumar Infra. Hence, the stock on Monday shot up by almost 18 per cent to touch intraday high of Rs. 374.9 per share. Later, the stock cools down and close at Rs. 361.5 per share, up by 13.9 per cent from previous close of Rs. 317.45.