J Kumar Infraprojects FY26: PAT ₹387cr, ₹8.6 dividend

Key update from the May 19, 2026 board meeting

J. Kumar Infraprojects Limited (JKIL) said its Board of Directors, in a meeting held on May 19, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Alongside the results, the company also released an investor presentation for the fourth quarter and year-to-date period ended March 31, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

JKIL also made the audio recording available on its website for the conference call scheduled on May 20, 2026 to discuss the FY26 results. Separately, the company said it had released the audio recording of its Q3 FY26 results conference call, with the recording available on its website.

FY26 earnings snapshot: revenue, margins and profit

For FY26, management commentary in the transcript indicated revenue from operations grew 1% to ₹5,723 crore compared with ₹5,693 crore in FY25. EBITDA was stated at ₹823 crore versus ₹826 crore in FY25, with EBITDA margin at 14.4% compared with 14.5% in FY25.

The transcript also stated PAT for FY26 at ₹387 crore compared with ₹391 crore in FY25. In the audited financial disclosure, JKIL reported standalone PAT of ₹383.55 crore on total income of ₹5,768.78 crore for FY26. On a consolidated basis, PAT was ₹386.90 crore on total income of ₹5,801.11 crore.

Working capital and balance sheet commentary from the call

In the earnings call transcript excerpt, JKIL indicated a figure of “negative ₹264 crore”, described as “cash positive”. The same excerpt also noted “working capital for FY26 stood at 99”, without specifying the unit in the provided text.

While the company did not provide detailed break-up in the supplied extract, these disclosures were positioned as part of management’s operational and financial update for FY26.

Dividend announced: ₹8.60 per share, key dates

JKIL’s Board recommended a final dividend of ₹8.60 per equity share (face value ₹2 each) for the financial year ended March 31, 2026. The dividend remains subject to shareholder approval at the company’s Annual General Meeting (AGM) scheduled on August 06, 2026.

The record date to determine shareholder eligibility was fixed as Friday, June 12, 2026. If declared at the AGM, the company said the dividend would be paid to eligible members on or after August 13, 2026.

Order inflows: Mumbai Metro and MCGM LOAs worth ₹2,487.65 crore

JKIL disclosed it secured Letters of Acceptance (LOAs) worth ₹2,487.65 crore from two domestic entities for infrastructure projects in Mumbai. The first order from Mumbai Metro Rail Corporation Limited was valued at ₹521.77 crore for constructing an underground pedestrian vestibule.

The second order from MCGM was valued at ₹1,965.88 crore for vehicular bridges and elevated roads. These awards add to the company’s ongoing exposure to urban infrastructure execution in Mumbai.

Order book: ₹18,554 crore as of March 31, 2026

The company stated that its total order book as of March 31, 2026 stood at ₹18,554 crore. In another excerpt from the call, the company referred to “₹25,000 crore as of today including the L1 of 1,770,” and also indicated that the referenced numbers were “excluding GST.”

Because the supplied text references multiple snapshots (as of March 31 and “as of today”), investors typically track how much of the order book is executable and how much is pending conversion from L1 to final award.

Fundraising plan: up to ₹800 crore via equity approved by shareholders

JKIL’s shareholders approved the company’s proposal to raise up to ₹800 crore through equity issuance, with 94.9% voting in favour, according to the supplied text. The Board had also approved a proposal to raise funds amounting to up to ₹800 crore, as highlighted in the disclosures.

The company’s earlier Board update for the meeting held on November 6, 2025 also referenced consideration of the proposal for fund raising, alongside approval of unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2025 (Q2 FY26).

Stock move and analyst view cited in the data

The supplied market snapshot showed JKIL shares moved down 6.67% from the previous close of ₹478.40, with the last traded price at ₹446.50.

The same snapshot cited “Buy” as the mean recommendation from 4 analysts, with a target price of ₹722. The ratings table listed 1 “Strong Buy” and 3 “Buy”, and no “Hold” entries in the rows shown.

Summary table: key numbers cited in the disclosures

What investors will track next

The immediate next milestone is the AGM on August 06, 2026, where shareholders will vote on the final dividend of ₹8.60 per share. The record date is June 12, 2026, and the company has indicated payment on or after August 13, 2026, if approved.

Beyond the dividend, investors typically monitor two operating indicators highlighted in the supplied text: the scale and conversion of the order book (including the cited L1 pipeline) and the trajectory of margins given the FY26 EBITDA margin of 14.4% versus 14.5% in FY25. The company’s investor presentation and conference call recordings, which JKIL said are available on its website, are positioned as supporting material for these discussions.