J Kumar hits new high

J Kumar Infraprojects is having a pretty tumultuous day today. The stock, which had closed yesterday at Rs.246.90, rose to hit a new 52-week high at Rs.254 but profit booking at that level has now pushed the stock into the red; currently trading at Rs.246.

The initial reaction was to its very good performance for Q4FY22 wherein, its PAT more than doubled from Rs.33 crore to Rs.74 crore (YoY).  This was on a 12% rise in revenue from operations at Rs.1114  crore.

EBITDA for the quarter was up 52% at Rs.159 crore while margins rose from 10.5% to 14.3%.

The company has total order book position of Rs 11,936 crore as on March 31, 2022. The order book inter alia includes metro projects that contributes around 61% while flyover, bridges and roads projects contribute around 39%.