J Kumar Infraprojects bags LoA worth ₹1020.70 crore from CIDCO; shares rally 3%

J Kumar Infraprojects has received ‘Letter of Acceptance’ (LoA) from M/s City and Industrial Development Corporation of Maharashtra (CIDCO) for the project of ‘design and construction of coastal road from Jalmarg Sector-16, Kharghar to PMAY Housing scheme near Kharghar Railway Station and Pedestrian Underpass near Delhi Public School, Nerul, Navi Mumbai’ for the total contract value amounting to ₹1020.70 crore. The contract is to be executed within 30 months.

Earlier this month, the company bagged another order from Mumbai Railway Vikas Corporation, a PSU of the Government of India, Ministry of Railways, for the work of ‘construction of major bridges, ROB at Vasai, vehicle subway, minor bridge, Drain & Earthwork from Borivali station to Nallasopara station in connection with proposed 5th & 6th line in between Borivali-Virar stations of western railway under Mumbai Urban Transport Project (MUTP)- Phase IIIA’ for the total contract value amounting to ₹120.87 crore which is inclusive of GST. The contract is to be executed within 30 months.

For the Q3FY25, the company’s total revenue jumped 22%YoY to ₹1,486 crore as compared to ₹1,218 crore. While the EBITDA margin remained stagnant at 14.7% the EBITDA for the quarter grew by 21.8% YoY to ₹218 crore. Similarly, the net profit for the quarter also grew by 20.6% to ₹99.7 crore as compared to ₹82.6 crore.

J Kumar Infraprojects is engaged in construction activities. The company designs and constructs roads, bridges, flyovers, subways, over bridges, skywalks and railway terminus/stations, among others.