Kings Infra Ventures Limited , an integrated seafood company, has reported a strong performance in the first quarter, with significant growth in revenue and profitability. The company has also announced strategic initiatives to expand its operations and enhance its market presence.

Financial Highlights

Kings Infra Ventures achieved a revenue of INR 34.35 crore in Q1, marking a 22% year-on-year growth. The company's EBITDA stood at INR 7.00 crore, while profit before tax (PBT) reached INR 5.00 crore, representing a 30% year-on-year increase. Earnings per share (EPS) grew by 24% to INR 1.48 compared to INR 1.20 in the same quarter of the previous year.

Expansion of Farming Capacity

The company has significantly expanded its farming capacity by increasing its leased area by 50%. Kings Infra's total farming capacity now stands at 3,000 tons, with 1,800 tons from owned farms and 1,200 tons from leased farms. This expansion is part of the company's asset-light model, which involves leasing farms from other farmers on three to five-year terms.

Strategic Initiatives

Acquisition and Market Entry

Kings Infra has made a strategic entry into the Andhra Pradesh market through the acquisition of Sriaqua Foods, a leading merchant exporter based in Vishakhapatnam. This move has provided the company access to an order book of over 100 containers with LX Corporation and other leading companies.

International Expansion

The company is establishing KI Global, a Dubai-based subsidiary, to handle global marketing and distribution. This initiative aims to strengthen Kings Infra's presence in international markets, particularly in the Middle East region.

Retail Brand Development

Kings Infra is scaling up its retail brands, Kings Frigo and Kings Bento, following successful pilot operations in Kerala and Bengaluru. The company plans to invest INR 25.00 crore over the next 18 months to expand these retail operations.

Maritech Eco Park

The company is developing a Maritech Eco Park with an initial investment of INR 40-50 crore in Phase 1. The project, which will be implemented in four phases, aims to create a state-of-the-art aquaculture facility with AI-enabled and PLC-controlled indoor cultivation.

Management Commentary

Shaji Baby John, Chairman and Managing Director of Kings Infra Ventures, stated, "We are on a very strong path to good growth prospects. Our company is planning to transform itself into a completely healthy food options, healthy protein space."

The management has set ambitious targets for the company, aiming for a 60-65% revenue CAGR over the next three years while maintaining an EBITDA margin of around 20%.

Future Outlook

With its strategic initiatives and expansion plans, Kings Infra Ventures is positioning itself as a fully integrated player in the seafood industry. The company's focus on sustainable production, processing, and marketing, coupled with its expansion into retail and international markets, is expected to drive growth and profitability in the coming years.

Kings Infra Ventures Limited, a pioneering integrated aquaculture company, has announced its financial results for the first quarter, showcasing robust growth and outlining ambitious expansion plans across multiple verticals.

Strong Financial Performance

The company reported a significant increase in its total income, which rose by 21.68% to ₹34.21 crores, up from ₹28.11 crores in the corresponding quarter of the previous year. This growth was accompanied by a substantial improvement in profitability metrics:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a remarkable growth of 36.91%, reaching ₹7.01 crores. The EBITDA margin improved by 228 basis points, increasing from 18.22% to 20.50%. Profit After Tax (PAT) also saw a healthy increase of 21.35%, rising to ₹3.49 crores, while Earnings Per Share (EPS) grew by 22.88% to ₹1.45.

Growth Drivers and Expansion Strategy

Kings Infra attributed its strong performance to the expansion of its export operations and the successful integration of additional leased farms into its high-efficiency supply chain. The company's strategic focus on securing diversified global markets and enhancing farm productivity has played a crucial role in driving growth.

Multi-Vertical Expansion Plans

Looking ahead, Kings Infra has outlined an ambitious multi-vertical expansion strategy, which includes:

1. KI Global: A UAE-based trade and investment platform for global aquaculture and seafood commerce.
2. BlueTechOS: An AI-enabled aquaculture management platform aimed at optimizing farm yields and reducing environmental impact.
3. Maritech Parks: Integrated land-based aquaculture and processing hubs.
4. SISTA360: A sustainable seafood traceability and analytics system.
5. Premium Retail Brands: Including Frigo, Bento C, and Aqua King, focusing on premium seafood and aquatic healthcare products.
6. Land Monetization Programme: An initiative to unlock significant balance sheet value and fund growth without high leverage.

Management Insights

Shaji Baby John, Chairman and Managing Director of Kings Infra Ventures Limited, commented on the results, stating, "This quarter marks the beginning of a transformative year for Kings Infra. Our increased access to export markets, combined with the integration of more leased farms, is creating a sustainable production pipeline. The next few quarters will see accelerated scaling across our global retail, technology, and production platforms – setting us firmly on the path to becoming one of the most valuable food companies in the healthy proteins sector."

Lalbert Cherian, CFO, added, "We are executing a capital-efficient growth strategy. With land monetization, rising export volumes, and scaling of high-margin retail brands, we expect a step-change in both revenues and profitability over the coming quarters."

Future Outlook

Kings Infra is poised for accelerated expansion in the coming quarters. The company expects its multi-pronged strategy, focusing on export market penetration, retail brand scaling, and tech-enabled farm management, to create a compounding growth effect over the next 12-24 months.

The combination of sustainable production practices, retail brand equity, and digital transformation positions Kings Infra uniquely in the global healthy proteins market, a sector forecast to grow at double-digit CAGR over the next decade.

As Kings Infra Ventures continues to execute its growth strategy, investors and industry observers will be keenly watching the company's progress in its multi-vertical expansion and its impact on future financial performance.