K2 Infragen Limited (NSE SME: INE0DEZ01013), a prominent engineering, procurement, and construction (EPC) company specializing in infrastructure development, yesterday revealed its audited financial results for the fiscal year ending March 2024. The company reported a significant surge in profits, showcasing its strong performance and strategic growth.
Financial Performance Highlights:
K2 Infragen Limited has demonstrated remarkable financial performance for FY24, driven by its machinery-based business model which optimizes efficiency. The company reported revenue growth aligning with expectations and achieved EBITDA margins surpassing the industry average. This robust performance is a testament to K2 Infragen’s operational excellence and strategic initiatives.
Future Outlook:
Looking ahead, K2 Infragen Limited is set to expand its footprint internationally, targeting infrastructure projects in Africa and the Middle East, with initial projects slated to commence in FY 24-25. Additionally, the company is exploring associations with a major player in the road infrastructure sector for a road development project under the Hybrid Annuity Model (HAM) in India.
Discussions are underway for securing new orders both nationally and internationally in the domains of Water Supply Works, Road, and Transmission & Distribution (T&D) infrastructure. These anticipated orders are projected to add Rs 800 crore to the FY 24-25 order book, potentially creating a cumulative order book exceeding Rs 1000 crore by the end of the financial year.
Leadership Remarks:
Mr Pankaj Sharma, Managing Director of K2 Infragen Limited, expressed his satisfaction with the company’s performance, stating, “We are pleased to share our robust FY24 results. Our focus on a machinery-based business model has allowed us to optimize efficiency and scale new heights in the industry. Our revenue growth is in line with the expectations, and our EBITDA margins are better than the industry average. Our continuously augmenting order book and expanding executional capabilities underscore our commitment towards supporting the government’s infrastructure development initiatives. We are also eyeing overseas infrastructure projects in developing countries and association with international infrastructure majors as a first step towards enabling a global footprint for K2 Infragen.”
Mr. Sharma highlighted the company’s involvement in significant projects such as Bharatmala Pariyojna and the JalJeevan Mission, emphasizing K2 Infragen’s dedication to quality, innovation, and timely project delivery. “Looking ahead, we remain focused on leveraging government projects to drive further growth. We are confident in our strategy and our ability to deliver exceptional value to our stakeholders, thereby solidifying our position as a leading player in the infrastructure sector,” he added.
Founded in 2015, K2 Infragen Limited has emerged as a major force in India’s infrastructure development. As an integrated EPC company, K2 Infragen excels in both power and project engineering. The company’s skilled team undertakes large-scale projects across eight Indian states, ensuring efficient project delivery and surpassing client expectations. K2 Infragen’s commitment to quality work and timely completion, coupled with a vision to be a key player in India’s growth, is reflected in their comprehensive suite of services. Their clientele includes industry giants such as L&T, TATA, and HG Infra. The company’s impressive geographical reach, spanning states like Uttar Pradesh, Rajasthan, and Delhi, showcases its adaptability and capability in handling diverse projects. As K2 Infragen continues to strengthen its position in the infrastructure sector, its experienced team and strategic initiatives position it for significant contributions to India’s development and future international ventures.