Transcript of the Investors Conference Call as held on May 20, 2026
JKIL · price
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J. Kumar Infraprojects reported flat FY26 performance with revenue of INR 5,723 crores (up 1%) and EBITDA of INR 823 crores (margin 14.4%). Q4 revenue moderated to INR 1,585 crores. The company highlighted a strong order book recovery, having already secured INR 6,300 crores in new orders in FY27 (including INR 1,770 crores L1), taking total order book to approximately INR 25,000 crores. Management guided for 15% revenue growth in FY27 to cross INR 6,500 crores, with EBITDA margin improvement to 15-16% and PAT around 7%. Capex guidance is INR 200-250 crores for FY27-28. Key projects like GMLR tunnel (TBM assembly advanced, SAT by June 8) and Chennai flyover (50% complete) are progressing well. The company is cash positive with net debt at negative INR 264 crores.
The strong order book recovery and margin improvement guidance signal better days ahead. Execution velocity is expected to accelerate from Q2-Q3 FY27 with major projects like GMLR, Chennai flyover, and Versova-Dahisar coastal road contributing significantly. The company remains debt-free with improving working capital (99 days vs 112 days).