B L Kashyap & Sons Limited Reports Revenue of Rs 275.67 Crore

Delhi / November 11, 2024: B L Kashyap & Sons Limited, a Civil Engineering and Construction Company, announced their financial results for the second quarter (Q2) of the fiscal year 2024-25. In Q2 FY25, the company recorded standalone revenue of Rs. 275.67 crore and PAT of Rs. 10.87 crore. For the half-year ended 30th September 2024, consolidated revenue rose by 8.33%, from Rs 583.08 crore to Rs 631.66 crore, while PAT increased by 34.97% from Rs 21.95 crore to Rs 29.63 crore, compared to the same period last year, the company said in a statement. 

Commenting on the results, Vineet Kashyap, Managing Director, B L Kashyap & Sons Ltd. said, “We are pleased with the steady progress reflected in our Q2FY25 results, showcasing our commitment to delivering strong performance in a challenging market environment including shortage of skilled and unskilled labour. Our strategic focus on operational efficiency and quality execution has been instrumental in driving consistent growth and resilience. We continue to actively pursue high-margin projects with reputable clients who value quality and reliability, including a number of residential projects.

“To drive robust turnover and sustain a high growth trajectory, we are targeting an order book of Rs. 3,500 – 4,000 crore by April 1, 2025. The company will continue its strategic, funnel-based approach to acquire new clients. We see significant opportunities across key sectors, including residential, railway infrastructure, blue chip private developers, and emerging markets such as Pune and Hyderabad. Additionally, we aim to expand in the hospital sector and composite steel structures, supported by partnerships with JSSL, JSW, and JSPL. As we look forward, we remain committed to enhancing value for our stakeholders through continued innovation, sustainable practices, and excellence in project delivery,” he added.

The company has been awarded total orders to the tune of Rs. 381 crore during the second quarter of FY2025. The company received two prestigious orders from Suruchi Properties Pvt. Ltd. (a group company of Century Real Estate Holdings) and SSS Realty & Co. Both projects are based in Bengaluru. The order book stood at Rs. 3546 crore as of half year ended on 30th September 2024 recording a jump of over 18% over Rs. 3005 crore as compared to the previous corresponding period, the statement added. 

The government sector which includes commercial, infrastructure/industrial and institutional contributes to about 13.38% and the private sector constitutes 86.62% of the total order book of INR 3912.82 crore. The top three states as per the geographical mix are Haryana – 38.91%, Karnataka – 36.42%, and Delhi – 11.59%.