J. Kumar Infraprojects: Strong Q2, H1 FY26 follow fundraise plans

J. Kumar Infraprojects Ltd. delivered a solid performance in Q2 FY26, with revenue from operations increasing by 4% year-on-year to ₹1,343 crore. EBITDA also saw a 3% rise to ₹195 crore, while EBIT grew by 6% to ₹165 crore. Profit after tax (PAT) remained stable at ₹91 crore, showing a slight 0.4% increase. Cash PAT grew by 2% to ₹133 crore. For the first half of FY26, revenue surged by 10% to ₹2,826 crore, with EBITDA up 10% to ₹411 crore and EBIT climbing 13% to ₹349 crore. H1 FY26 PAT rose by 10% to ₹194 crore, and Cash PAT increased by 9% to ₹281 crore.

The company maintains a healthy financial position, reflected in a gross debt-to-equity ratio of 0.24x as of September 30, 2025, and a net debt-to-equity ratio of (0.04). The order book remains robust at ₹20,160 crores. Segment-wise, metro - underground projects constitute 53% of the order book, followed by elevated corridors/flyovers at 17%. Geographically, Maharashtra accounts for 62% of the order book, with Uttar Pradesh and Gujarat making up 18% and 15% respectively.

J. Kumar Infraprojects’ diverse portfolio spans metro, elevated corridors, roads, water, and civil construction, with ongoing projects like the Mumbai Underground Metro Line 3 and Dwarka Expressway.