Mukul Agrawal-backed Infra Company Secures Rs 297.83 Crore Order from Pune Municipal Corporation for Mula River Development from Wakad Bypass to Sangvi Bridge!

The company’s shares have delivered an impressive return of over 70 per cent in the past 1 year.

This Small-Cap infra and civil construction company has received a work order from Pune Municipal Corporation for the development of the Mula River, covering the stretch from Wakad Bypass to Sangvi Bridge (stretch 1, 2, 3). The total contract value is Rs 297.83 crore (Rupees Two Hundred Ninety-Seven Crore and Eighty-Three Lakh), excluding GST and royalty. The project is expected to be completed within 36 months.

J Kumar Infraprojects Ltd is engaged in executing a wide range of infrastructure projects, including transportation engineering, irrigation projects, civil construction, and piling work. The company is involved in the design and construction of elevated and underground metro systems, roads, flyovers, bridges, and other civil construction projects on a turnkey basis. It is ranked among the top five EPC players qualified to undertake underground metro projects and is one of the few companies capable of executing both elevated and underground metro projects.

Today, the company’s shares closed at around at Rs 738.50 and the current market capitalization stands at Rs 5,587.0 crore. Additionally, the shares have delivered an impressive return of over 70 per cent in the past 2 years.

As per the Quarterly Results, in the Q1 FY25, J Kumar Infraprojects Ltd recorded a revenue of Rs 1282 crore compared to Rs 1131 crore. It reported an operating profit of Rs 184 crore. The net profit stood at Rs 86 crore compared to Rs 73 crore. Looking at the annual performance, the company generated a revenue of Rs 4879 crore in FY24 compared to Rs 4203 crore. The operating profit for FY24 was Rs 704 crore with a net profit of Rs 329 crore compared to a profit of Rs 274 crore in FY23.

Disclaimer: The article is for informational purposes only and not investment advice.