J Kumar Infraprojects Limited, a prominent infrastructure development company, has announced a significant new project win in Mumbai's expanding metro network. The company has received a Letter of Acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of foot over bridges at several metro stations.

Contract Details

The project, valued at Rs. 129.04 crore (excluding GST), involves the construction of foot over bridges for Mumbai Metro Line 4 and 4A at four key locations:

1. Pant Nagar Metro Station
2. Vikhroli Metro Station
3. Bhandup Metro Station
4. Vijay Garden Metro Station

J. Kumar Infraprojects will execute this project as part of the J. KUMAR-PRS joint venture, holding a 60% share. This translates to a contract value of Rs. 77.42 crore for J. Kumar Infraprojects.

Project Scope and Timeline

The scope of work includes the construction of foot over bridges at the specified metro stations, which are part of the upcoming Mumbai Metro Line 4 and 4A. These bridges will play a crucial role in enhancing pedestrian connectivity and improving access to the metro stations.

The MMRDA has set a completion timeline of 15 months for this project, highlighting the urgency and importance of these infrastructure developments for Mumbai's public transportation system.

Company Disclosure and Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, J. Kumar Infraprojects has made a formal disclosure to the stock exchanges. The company has confirmed that this contract does not involve any related party transactions or interests from the promoter group.

Market Impact

This new contract win demonstrates J. Kumar Infraprojects' continued involvement in Mumbai's infrastructure development projects. It also underscores the company's expertise in constructing critical components of urban transportation systems.

The addition of this Rs. 77.42 crore project to J. Kumar Infraprojects' order book is likely to be viewed positively by investors, as it contributes to the company's future revenue stream and reinforces its position in the infrastructure sector.

As Mumbai continues to expand its metro network, companies like J. Kumar Infraprojects are playing a vital role in shaping the city's transportation landscape and improving urban mobility for millions of commuters.

J Kumar Infraprojects , a leading infrastructure construction company, has reported robust financial results for the first quarter, demonstrating strong growth and operational excellence.

Financial Highlights

• Revenue from operations grew by 16% to ₹1,484.00 crores, compared to ₹1,281.00 crores in the same quarter of the previous year
• EBITDA increased by 18% to ₹217.00 crores, with margins improving to 14.6% from 14.4%
• Profit After Tax (PAT) rose by 19% to ₹103.00 crores, with PAT margin expanding to 7% from 6.8%
• The company maintains a robust order book of ₹20,946.00 crores
• J. Kumar Infraprojects is cash positive with net debt at negative ₹159.00 crores

Operational Performance and Outlook

The company's Managing Director, Nalin Gupta, expressed confidence in the company's performance and future prospects. He stated, "We are pleased to start the fiscal year on a strong note, continuing our trend of consistent performance and operational excellence."

J. Kumar Infraprojects focuses on EPC (Engineering, Procurement, and Construction) projects across various infrastructure segments, including metros, elevated corridors, tunnels, and water infrastructure. The company avoids BOT (Build-Operate-Transfer) projects, preferring to concentrate on its core competencies.

Key ongoing projects include:

1. Chennai Elevated Corridor (₹4,200.00 crores)
2. GMLR (Goregaon-Mulund Link Road) tunnel project with TBM deployment
3. Various metro projects across India

Order Inflow and Future Projects

Management expects ₹6,000.00 crores in new order inflows for the financial year, targeting around ₹2,000.00 crores in the second quarter. The company is actively bidding for several projects, including:

• Thane Metro
• Pune Metro elevated and underground corridor
• Mumbai Metro Lines 10, 11, and 13
• Delhi Metro underground package
• BMC's Lagoon Bridge tender

Financial Guidance

The company maintains its revenue growth guidance of 15% for the current fiscal year. Management expects EBITDA margins to reach 15-16% over the next 6-8 quarters, showing confidence in improving profitability.

Industry Outlook

Nalin Gupta commented on the industry outlook, stating, "Overall, the government is very pushy about infrastructure. I think we should be having a healthy order book going forward in this 2 to 3 years' time on a regular basis." He expressed optimism about increased tendering activity in the second half of the fiscal year.

Conclusion

J. Kumar Infraprojects' strong quarterly performance, coupled with its robust order book and positive industry outlook, positions the company well for sustained growth. The management's focus on operational efficiency and strategic project selection continues to drive the company's success in the competitive infrastructure sector.