Markets India
Shares of J Kumar Infra surged 5%, defying a broader market selloff, after reporting a 25% year-on-year rise in profit. The stock hit ₹460.50, up from its previous close.
J Kumar Infra's shares rebounded sharply on Friday, rising 5% to ₹452 as the company reported robust Q2 results. Consolidated PAT grew by 25% year-on-year (YoY) to ₹113.23 crore in FY27’s second quarter, up from ₹90.58 crore a year earlier. The stock reached its highest level of the day at ₹460.50, marking a 5.5% gain compared to Thursday's close of ₹436.65 on the BSE.
The rebound came despite broader market declines and highlighted improved profitability for J Kumar Infra, with revenue rising 14.65% YoY to ₹1,539.22 crore in Q2 FY27 from ₹1,342.51 crore a year earlier. EBITDA also increased by 18% to ₹228.65 crore.
However, the stock remains down 22% year-to-date and has lost 35% over two years, raising questions about its long-term performance despite recent gains. Investors like Mukul Agrawal, who holds a 2.55% stake in J Kumar Infra (equivalent to 1.93 million shares), and Sunil Singhania’s Abakkus Growth Fund, which owns a 2.48% stake, may see shifts in valuation as the company continues its recovery.
The results signal improved financial health for J Kumar Infra but also underscore broader market challenges that could limit near-term gains.
J Kumar Infra's stock rebounded on strong Q2 performance, yet long-term underperformance highlights lingering investor concerns about sustained growth.
Topics: Stocks, Financial Reports, Profitability, Investment Trends, Corporate Finance
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Source: Business Standard
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