J Kumar Infraprojects profitability margins reduce in Q3FY16

J Kumar Infraprojects (JKumar) declared its results on Thursday February 11.The company’s revenue increased by 2.26 per cent to Rs 310 crore in Q3FY16 as compared to same period in previous financial year. Its total expenditure increased by 3.92 per cent to Rs 253 crore in Q3FY16 on a yearly basis.

JKumar’s EBITDA declined by 4.51 per cent to Rs 57 crore in Q3FY16 as compared to same period in previous financial year.The company’s EBITDA margin contracted by 130 basis points to 18.35 per cent in Q3FY16 on a yearly basis.Meanwhile, its interest expense declined by 30.67 per cent to Rs 12.75 crore in Q3FY16 as compared to same period in previous fiscal year.JKumar’s PAT increased by just 0.29 per cent to Rs 23.95 crore in Q3FY16 on a yearly basis. However, the company’s PAT margin contracted by 15 basis points to 7.72 per cent in Q3FY16 as compared to same period in previous fiscal year.

Considering nine month financials, JKumar’s revenue increased by 6.86 per cent to Rs 1005 crore in 9MFY16 as compared to same period in previous fiscal year. The company’s EBITDA too rose by 1.34 per cent to Rs 185 crore in 9MFY16 on a yearly basis. It’s PAT also increased by 11.19 per cent to Rs 74.54 crore in 9MFY16 as compared to same period in previous fiscal year.

The share price of JKumar declined by 9.18 per cent on bourses in early trades; and is trading at Rs 272.05 on an intraday basis.

JKumar bagged orders worth Rs 133.8 crore From MMRDA. The company received order under JKumar - Supreme JV (joint venture) for construction of six lane bridges across Ulhas creek on proposed Motagaon- Mankoli road.

JKumar designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus, as per client's specifications on turnkey basis, in the transport engineering segment. The company's offerings in the civil construction segment are for commercial buildings, which include commercial buildings, sports complexes and swimming pools. In the irrigation segment, the company builds dams, canals, aqueducts and irrigation tanks, and spillways, among others. The company has around 22 hydraulic piling rigs, which are used to build pile foundations for buildings and flyovers, marine structures and offshore platforms, among others.