J Kumar Infra Q1 Review - Stellar Quarter: Prabhudas Lilladher
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Prabhudas Lilladher Report
J Kumar Infraproject Ltd. reported a strong set of numbers with revenues and margins coming in above our and street estimates, led by execution pick up in newly awarded and existing projects.
J Kumar Infra lost revenue of Rs 1-1.2 billion, owing to pandemic and labour availability falling to 50% pre-Covid-19 levels.
However, it has improved to pre-Covid-19 levels from mid-June 2021 with decent execution ramp up.
On the back of sharp execution pickup, strong order book and healthy bid pipeline, management has maintained its revenue guidance of Rs 30-35 billion with Ebitda margins at 14-15% range.
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