J Kumar Infra - Execution Pickup Drive Strong Revenues In Q3: Prabhudas Lilladher
Traffic moves along National Highway as road construction takes place in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)

J Kumar Infra - Execution Pickup Drive Strong Revenues In Q3: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

J Kumar Infraprojects Ltd. reported a strong set of numbers with revenues and margins coming in above our and street estimates on the back of better than anticipated execution levels.

Major part of the company’s order book of Rs 109 billion is already in execution, while the new projects (Worli elevated corridor and Surat Metro) would start contributing to revenues from Q1 FY22E.

On the back of sharp execution pickup, strong order book and healthy bid pipeline, management raised its guidance for FY21 revenues to Rs 24-25 billion (earlier Rs 22 billion) while maintaining its FY22 guidance at approximately Rs 35 billion topline.

Click on the attachment to read the full report:

Prabhudas Lilladher J Kumar Infra Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.