J Kumar Infraprojects sees weaker Q3 after monsoon disruptions

J Kumar Infraprojects reported a weaker performance in the third quarter, with net profit declining 17.2% year-on-year to ₹82.8 crore, compared with ₹100 crore in the same period last year.

Revenue for the quarter fell 11.8% to ₹1,311.2 crore from ₹1,487 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 14% year-on-year to ₹187.8 crore, compared with ₹218.7 crore in the corresponding quarter.

EBITDA margin stood at 14.3%, slightly lower than 14.7% reported a year ago.

On November 21, 2025, India introduced four Labour Codes. The company reported a one-time impact of ₹12.37 crore in its accounts for the quarter ended December 31, 2025.

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For the nine months ended FY26, the company reported a 2% increase in revenue from operations to ₹4,138 crore, compared with ₹4,061 crore in the same period last year. EBITDA rose 1% to ₹599 crore, with margins at 14.5% versus 14.6% a year earlier. Profit after tax remained flat at ₹277 crore, with margins of 6.7% compared with 6.8% in 9M FY25.

As of December 31, 2025, the company had net debt of negative ₹250 crore, indicating a cash-positive position. Its total order book stood at ₹19,212 crore, comprising metro projects (~11%), elevated corridors and flyovers (~53%), roads and road tunnels (~17%), and other projects (~18%).

Commenting on the performance, Managing Director Kamal J. Gupta said the moderation in operating and financial performance compared to the corresponding period last year was primarily due to an extended monsoon season, which caused temporary disruptions across multiple project sites, slower execution, and deferred billing linked to milestone achievements.

He added that the impact was largely operational and timing-related, and that the company continued to maintain a stable balance sheet with adequate liquidity. While the first nine months reflected a balanced performance, he said they had strengthened the foundation for stronger results ahead.

As of 3:12 pm IST on February 5, shares of J Kumar Infraprojects Ltd were trading at ₹546.40 on the NSE, down ₹33.20, or 5.73%, on the day.

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