B L Kashyap & Sons Ltd. reported a strong financial performance for Q1FY25, with consolidated revenue rising by 38.08% to INR 352.71 crore and PAT surging by 103.31% to INR 20.25 crore compared to Q1FY24. The company's order book increased by nearly 25%, reaching INR 3,545 crore as of June 30, 2024, bolstered by significant new orders worth INR 1,021 crore. Managing Director Vineet Kashyap emphasized the company's strategic execution and optimism in achieving FY2024-25 targets, with expectations to expand the order book further in FY2025-26. The company continues to capitalize on opportunities in various infrastructure sectors.
B L Kashyap & Sons Limited (BSE: 532719 NSE: BLKASHYAP) has reported a strong financial performance for the first quarter of FY25. The company achieved a consolidated revenue of INR 352.71 crore, reflecting a significant 38.08% increase compared to INR 255.44 crore in Q1FY24. Profit After Tax (PAT) surged by 103.31%, reaching INR 20.25 crore, up from INR 9.96 crore in the corresponding quarter of the previous fiscal year. In the preceding quarter, Q4FY24, the company reported consolidated revenue of INR 348.78crore and PAT of INR 23.66 crore.
B L Kashyap & Sons Ltd. (BLK) is a leading Engineering, Procurement, and Construction (EPC) company with a presence in 12 cities across 8 states in India. With three decades of expertise, BLK has completed over 250 projects covering more than 140 million sq. ft. The company's portfolio includes IT campuses, commercial spaces, malls, hotels, residential complexes, institutions, factories and manufacturing facilities, healthcare, and transportation. BLK boasts a strong workforce of over 1,200 engineers and professionals.
The order book stood at INR 3,545 crore as of June 30, 2024, marking a notable increase of nearly 25% from INR 2,846 crore as of March 31, 2024. During this quarter, the company secured two significant orders worth INR. 1,021crore from DLF City Centre Ltd and Sattva Homes Private Limited.
Commenting on the results, Mr. Vineet Kashyap, Managing Director, B L Kashyap & Sons Ltd. said, "We are delighted to announce a remarkable increase in our consolidated revenue and PAT for Q1 FY25. This exceptional growth reflects our ongoing commitment to excellence and strategic execution. It's also a testament to our commendable efforts in getting prestigious orders and taking advantage of the expanding opportunities in the infrastructure sector. The significant rise in our order book underscores our strong market position, while the government's focus on infrastructure development continues to drive positive momentum. We remain committed to leveraging these opportunities to deliver sustained value for our stakeholders."
Mr. Vineet Kashyap further added that "We remain committed to achieving our FY2024-25 targets, including a 35% increase in revenue and double-digit margin growth. Looking ahead, we are optimistic about reaching an order book of approximately INR 4,500-5,000 crore for FY2025-26 as we continue to engage new clients through our proven funnel approach."
The company identifies substantial opportunities in residential projects, railway infrastructure, blue-chip private developments, emerging regions like Pune and Hyderabad, hospitals, and composite steel structures.
B L Kashyap & Sons Ltd. has garnered numerous accolades and awards in recent times. Notable recognitions include the International Safety Winner for DNR Altitude Bangalore from the British Safety Council, the CII South Safety Excellence Award, and both the "Unnatha Suraksha Puraskara" and "Uttama Suraksha Puraskara." The company also received Excellence Awards from the National Safety Council Karnataka and multiple Awards of Appreciation, including those from RLDA for achieving 5 million safe man-hours at Gomti Nagar, Elan Paradise for 1.58 million safe man-hours, AIPL Joy Gallery for 3 million safe man-hours, and DLF Arbour for 1 million safe man-hours.
For more information, please visit: www.blkashyap.com
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