J Kumar Infra - Covid-19 Impacts Performance; Yet Turned Net Cash: Anand Rathi
A crane operates on a residential building under construction in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

J Kumar Infra - Covid-19 Impacts Performance; Yet Turned Net Cash: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

With workforce migration starting as early as March 15, 2021, the impact of second wave of Covid-19 was more pronounced for J Kumar Infraprojects Ltd.’s urban focused order book.

The Q4 desired scale being missing, profitability was under duress. Input price pressure, too, was evident.

Nevertheless, with the pass-through mechanism in place and as the workforce returns, profit, growth are likely to return sooner than later.

A net cash balance sheet and sturdy revenue assurance too would help.

Click on the attachment to read the full report:

Anand Rathi J Kumar Infraprojects Company Update.pdf

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