The order book stood at Rs.2846 crore for the year ended March 31, 2024
Key Highlights:
·
Consolidated revenue of Rs. 1256.76 crore for the twelve
months ended on 31st March 2024 recording a 11.23% jump over the preceding year
consolidated revenue of Rs. 1,129.88 whereas PAT increased by 137.3% to Rs.
52.53 crore from Rs. 22.14 crore
·
The company received orders worth Rs. 1673 crore during
the year and the order book closed at Rs.2846 crore for the year ended March
31, 2024
·
Company had reported consolidated revenue of Rs. 324.90
crore and PAT of Rs. 6.91 crore during the third quarter of FY2023 - 24 thereby
recording a surge of 7.35% and 242.40% respectively in Q4FY24 as compared to
Q3FY24
Delhi…May
31, 2024… B L
Kashyap & Sons Limited (BSE: 532719 NSE: BLKASHYAP), one of the leading
civil engineering and construction company released its financial performance
for the fourth quarter of the fiscal year 2023-24. In Q4FY24, the company
achieved a consolidated revenue of Rs. 348.78 crore and PAT amounted to Rs. 23.66
crore as compared
to consolidated revenue of Rs. 287.19 crore
and loss of Rs. 31.93 crore in the corresponding quarter of Q4FY23 last year;
showcasing growth of 21.45% in consolidated revenue. Consolidated revenue of
Rs. 1256.76 crore and PAT of Rs. 52.53 crore for the twelve months ended on
31st March 2024 as compared to revenue of
Rs. 1129.88 crore and PAT of Rs. 22.14 crore for the twelve months ended
on 31st March 2023. Notably, the financial results for the third quarter ending
on December 31, 2023 recorded revenue of
Rs. 324.90
crore and PAT of
Rs. 6.91 thereby recording a surge of 7.35% and 242.40% respectively in Q4FY24
as compared to Q3FY24.
Commenting
on the results, Mr.
Vineet Kashyap, Managing Director, B L Kashyap & Sons Ltd.
said, "Amid a dynamic market environment, the company has sustained
its growth momentum into the fourth quarter of FY2023-24. A notable
year-on-year revenue increase of 21.45% from 2023 to 2024 reiterates our
ambitions and goals. Given the current orders and their status, the company is
on track to achieve its target of a 30% increase in top line and double-digit
margin growth for FY2024-25. We are optimistic about reaching an order book of
approximately Rs. 4000-4500 crore for FY2025-26 as we continue to pursue new
clients with our existing funnel approach. To meet our execution targets and
scale for the upcoming year, our proposed capital expenditure for FY2024-25
will be Rs. 50 crore, up from the current total capital expenditure of Rs. 30.6
crore for FY2023-24.
There
are immense opportunities in residential projects, railway infrastructure,
blue-chip private developers, new regions such as Pune and Hyderabad,
hospitals, and composite steel structures (in collaboration with JSSL/JSW and
JSPL). Beyond focused tendering for projects, we have bolstered our execution
capabilities through investments in formwork material, targeted hiring, and
ongoing training to up-skill our mid and senior level engineering teams in new
quality and safety practices."
The
company received orders worth Rs. 1673 crore during the year and the order book
closed at Rs.2846 crore for the year ended March 31, 2024. During the year,
orders were received across multiple segments like railways, business parks,
educational institutions and residential complex. Some of the prestigious
orders won; National High Speed Rail Corporation Limited for the construction
of Training Institute Buildings at Vadodara, Embassy Constructions for project
Embassy Business Hub - Phase 2 at Bangalore, Indian School of Business,
Hyderabad, Nzuri Pune Knowledge Park, DLF Home Developers Limited, Delhi
Inter-national Airport Limited,
Suparna Realtors Private Limited (Commercial project Sattva Texonic, Bangalore)
and Jagamayi Manor Private Limited (Project Sattva Verve, Pune) and Manyata
Promoters Private Limited. Iconic projects built by BLK such as Lucknow’s Gomtinagar
Railway Station and the new Sabarmati Multimodal Transport Hub for India’s
first bullet train corridor by NHSRCL have not only become examples of modern
infrastructure but are reimagining the Indian infrastructure sector.
The
composition of order book - segment wise is as follows: Commercial – 62.57%,
Residential – 14.34%, Infrastructure/Industrial – 9.88% and institutional –
13.22%. The government sector contributes Rs. 566.68 crore, while the private
sector constitutes Rs. 2278.32 crore,
making up 19.92 % and 80.08 % respectively of the total order book.
B L
Kashyap and Sons Ltd. has received many accolades and awards in the recent
past. Some of the prestigious ones include International Safety Winner for DNR
Altitude Bangalore – British Safety Council, CII South Safety Excellence award,
“UNNATHA SURAKSHA PURASKARA” &“UTTAMA SURAKSHA PURASKARA”, Excellence
awards from National Safety Council Karnataka, ‘Award of appreciation from RLDA
for Gomti Nagar, Award of appreciation from Elan Paradise, Award of
appreciation from AIPL Joy Gallery and Award of appreciation from DLF Arbour
for safe man hours’.
About
B L Kashyap:
B L
Kashyap & Sons Ltd. (BLK) is one of the leading Engineering, Procurement
and Construction (EPC) Company. The company has a presence in 12 cities across
8 states in India. With three decades of expertise, BLK has completed over 250
projects and more than 140 million sq. ft. The portfolio spread includes IT
Campuses, Commercial Spaces, Malls, Hotels, Residential Complexes, Institutions,
Factories and Manufacturing Facilities, Healthcare and Transportation. BLK has
a strong workforce of 1200+ engineers & professionals.
For
further information on the company: www.blkashyap.com