J Kumar Infraprojects Ltd (JKIL) has closed the March 2024 quarter on a high note, reporting a sharp rise in both revenue and profit, and rewarding shareholders with a healthy dividend.
Key Highlights:
Dividend Declaration: The board has approved a ₹4 per share dividend for FY24, reflecting the company’s confidence in its financial health and commitment to shareholder returns. This translates to a dividend yield of around 0.56% based on recent share prices.
Revenue Growth: Consolidated revenue from operations for the March 2024 quarter soared to ₹1,424.97 crore, marking a robust 25.6% year-on-year growth, driven by strong execution across infrastructure projects.
Profit Surge: Consolidated profit after tax (PAT) jumped to ₹1.14 billion (₹114 crore), representing a 35-38% increase compared to the same quarter last year. This performance was underpinned by higher income and efficient cost management.
Full-Year Performance: For the fiscal year ended March 2024, JKIL’s net profit rose 20.5% to ₹330.77 crore, with annual revenues climbing 16% to ₹4,879.2 crore.
Operational Efficiency: The company maintained a healthy operating profit margin of over 14% for the quarter, signaling strong project execution and cost controls.
Shareholding Stability: Promoters hold a steady 46.65% stake, with significant participation from foreign institutions and mutual funds, reflecting investor confidence in JKIL’s growth trajectory.
JKIL’s strong financials, consistent dividend policy, and robust order book position it as a leading player in India’s infrastructure sector, well-poised for continued growth.
Sources: Moneycontrol, Economic Times Infra, Business Standard, INDmoney