Mr. Vineet Kashyap, Managing Director, B L
Kashyap & Sons Ltd.
Key Highlights:
- For the half-year ended 30th
September 2024, consolidated revenue rose by 8.33%, from INR 583.08 crore
to INR 631.66 crore, while PAT increased by 34.97% from INR 21.95 crore to
INR 29.63 crore, compared to the same period last year
- The company has been awarded total
orders to the tune of Rs. 381 crore during the second quarter of FY2025
- The order book stood at Rs. 3546
crore as of half year ended on 30th September 2024 recording a jump of
over 18% over Rs. 3005 crore as compared to the previous corresponding
period
Delhi November 12,
2024, B L Kashyap &
Sons Limited (BSE: 532719 NSE: BLKASHYAP), one of the leading Civil Engineering
and Construction Company announced their financial results for the second
quarter of the fiscal year 2024 - 25. In Q2
FY25, the company recorded standalone revenue of Rs. 275.67 crore and PAT
of Rs. 10.87 crore. For the half-year ended 30th September 2024, consolidated
revenue rose by 8.33%, from INR 583.08 crore to INR 631.66 crore, while PAT
increased by 34.97% from INR 21.95 crore to INR 29.63 crore, compared to the
same period last year.
Commenting on the
results, Mr. Vineet Kashyap,
Managing Director, B L Kashyap & Sons Ltd. said, “We are pleased with the steady progress reflected in our Q2FY25
results, showcasing our commitment to delivering strong performance in a
challenging market environment including shortage of skilled and unskilled
labour. Our strategic focus on operational efficiency and quality execution has
been instrumental in driving consistent growth and resilience. We continue to
actively pursue high-margin projects with reputable clients who value quality
and reliability, including a number of residential projects.
To drive robust
turnover and sustain a high growth trajectory, we are targeting an order book
of Rs. 3,500 - 4,000 crore by April 1, 2025. The company will continue its
strategic, funnel-based approach to acquire new clients. We see significant
opportunities across key sectors, including residential, railway
infrastructure, blue chip private developers, and emerging markets such as Pune
and Hyderabad. Additionally, we aim to expand in the hospital sector and
composite steel structures, supported by partnerships with JSSL, JSW, and JSPL.
As we look forward, we remain committed to enhancing value for our stakeholders
through continued innovation, sustainable practices, and excellence in project
delivery.”
The company has been
awarded total orders to the tune of Rs. 381 crore during the second quarter of
FY2025. The company received two prestigious orders from Suruchi Properties
Pvt. Ltd. (a group company of Century Real Estate Holdings) and SSS Realty
& Co. Both projects are based in Bengaluru. The order book stood at Rs.
3546 crore as of half year ended on 30th September 2024 recording a jump of
over 18% over Rs. 3005 crore as compared to the previous corresponding period.
The government
sector which includes commercial, infrastructure/industrial and institutional
contributes to about 13.38% and the private
sector constitutes 86.62% of the total order
book of INR 3912.82 crore. The
top three states as per the geographical mix are Haryana - 38.91%, Karnataka -
36.42%, and Delhi - 11.59%.
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
For further media
queries, please contact:
Sonia Kulkarni |
9820184099