Financial Performance Highlights (Consolidated)

Q2 FY27 Performance:

  • Revenue from Operations: ₹1,539 crores, up 15% from ₹1,343 crores in Q2 FY26
  • EBITDA: ₹229 crores, up 18% from ₹195 crores in Q2 FY26
  • EBITDA Margin: 14.9% compared to 14.5% in Q2 FY26
  • PBT: ₹151 crores, up 21% from ₹124 crores in Q2 FY26
  • PBT Margin: 9.8% compared to 9.2% in Q2 FY26
  • PAT: ₹113 crores, up 25% from ₹91 crores in Q2 FY26
  • PAT Margin: 7.4% compared to 6.7% in Q2 FY26
  • Cash PAT: ₹160 crores, up 21% from ₹133 crores in Q2 FY26
  • Cash PAT Margin: 10.4% compared to 9.9% in Q2 FY26

H1 FY27 Performance:

  • Revenue from Operations: ₹3,050 crores, up 8% from ₹2,826 crores in H1 FY26
  • EBITDA: ₹443 crores, up 8% from ₹411 crores in H1 FY26
  • EBITDA Margin: 14.5% compared to 14.6% in H1 FY26
  • PBT: ₹289 crores, up 7% from ₹269 crores in H1 FY26
  • PBT Margin: 9.5% (same as H1 FY26)
  • PAT: ₹211 crores, up 9% from ₹194 crores in H1 FY26
  • PAT Margin: 6.9% (same as H1 FY26)
  • Cash PAT: ₹309 crores, up 10% from ₹281 crores in H1 FY26
  • Cash PAT Margin: 10.1% compared to 9.9% in H1 FY26

Full Year FY26 Reference:

  • Revenue from Operations: ₹5,723 crores
  • EBITDA: ₹823 crores
  • EBITDA Margin: 14.4%
  • PBT: ₹527 crores
  • PBT Margin: 9.2%
  • PAT: ₹387 crores
  • PAT Margin: 6.8%
  • Cash PAT: ₹583 crores
  • Cash PAT Margin: 10.2%

Balance Sheet and Operational Metrics

  • Net Debt: Negative ₹69 crores (net cash position) as on September 30, 2026
  • Working Capital Days: 100 days for H1FY27 compared to 99 days for FY26
  • Total Order Book: ₹22,711 crores as on September 30, 2026

Order Book Composition

  • Metro Projects (elevated and underground): ~7%
  • Elevated Corridors / Flyovers: ~47%
  • Roads & Road Tunnels: ~19%
  • Others: ~26%

Management Commentary

Mr. Nalin J. Gupta, Managing Director, commented on the strong Q2 FY27 performance, attributing it to the company's business model strength, execution excellence, and operational efficiency focus. He highlighted:

  • 15% YoY revenue growth to ₹1,539 crores
  • 25% PAT growth to ₹113 crores
  • Benefits from disciplined project execution and prudent cost management
  • Strong net cash position of ₹69 crores providing financial flexibility
  • Significant order inflows secured and healthy bid pipeline across key business verticals
  • Confidence in sustaining order intake momentum
  • Strong revenue visibility from robust project pipeline
  • Focus on disciplined execution and navigating market dynamics
  • Belief that FY27 marks the beginning of an accelerated growth phase

Company Background

J. Kumar Infraprojects Limited is a pure play EPC company specializing in urban infrastructure projects including Metros, Elevated Corridors/Flyovers, Roads & Road Tunnels. The company holds global ISO certifications:

  • ISO 9001:2015 (Quality Management Systems)
  • ISO 14001:2015 (Environmental Management Systems)
  • OHSAS 18001:2007 (Occupational Health & Safety Management Systems)

Key Business Segments

  • Metro Rail Systems
  • Elevated Corridors/Flyovers
  • Roads & Road Tunnels
  • Civil Construction
  • Water Infrastructure