Shares of J Kumar Infraprojects Ltd soared 10% on Thursday as the company was bullish about its future prospects and outlined its growth plans.
In an interview with CNBC, the company said it was targeting an order book of ₹18,000-₹19,000 crore by the end of fiscal year 2024 which would mean a large number of orders in pipeline in the coming quarters.
The company also said it was confident of a 15% revenue growth for FY24. Pipeline of ₹35,000-₹40,000 crore is a “very big pipeline”, the company said, Industry terms and jargons it added.
It expected it would result in orders of ₹7,000-₹8,000 crore in FY25.
With such ambitious targets in place, J Kumar Infraprojects is confident in its ability to become a billion-dollar company by FY27, highlighting its long-term vision and commitment to sustainable growth.
As of 11:39 am, J Kumar Infraprojects shares traded 9.12% higher at ₹596.50.
About the company – J. Kumar Infraprojects Limited is an Indian company that works on different types of infrastructure projects, like building roads, bridges, and irrigation systems. They also do construction work and piling.
