J Kumar Infraprojects Limited (JKIL) shares touched a 52-week high of Rs 254 on the BSE on Tuesday, rising nearly 3% in an otherwise sluggish market.

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The increase follows the company’s profit after tax (PAT) more than doubling to Rs 74 crore in the March quarter (Q4FY22), owing to strong operational performance. In the previous year’s quarter, the civil construction business had a profit of Rs 33 crore.

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The stock reached its prior high of Rs 250.75 set on May 4, 2022. It has increased by 55% in the last three months, compared to a 1% fall in the S&P BSE Sensex.

Furthermore, the company’s revenue from operations increased by 12% year on year (YoY) to Rs 1,114 crore from Rs 992 crore.

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Earnings before interest, taxes, depreciation and amortisation (EBIDTA) climbed 52% year on year to Rs 159 crore, while margins improved to 14.3% from 10.5% in Q4FY21.

JKIL’s PAT for the fiscal year 2021-22 (FY22) was Rs 206 crore, up from Rs 64 crore in FY21. Furthermore, revenue increased 37% year on year to Rs 3,527 crore, while EBITDA margins increased to 14.3% from 12.1%.

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As of March 31, 2022, the company’s total order book position was Rs 11,936 crore. Metro projects (elevated and underground) account for around 61% of the order book, while flyover, bridge, and road projects account for approximately 39%. In Q1FY23, the business received a project from IRCON worth Rs 1,068 crore (excluding GST).

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Furthermore, the company has maintained its focus on capital management and order book quality. Despite the adverse environment, the corporation was able to gradually reduce its debt levels.

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JKIL is a pure-play on engineering, procurement, and construction (EPC) with a speciality in the building of urban infrastructure projects such as metros, flyovers, and bridges.