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With workforce migration starting as early as March 15, 2021, the impact of second wave of Covid-19 was more pronounced for J Kumar Infraprojects Ltd.’s urban focused order book.
The Q4 desired scale being missing, profitability was under duress. Input price pressure, too, was evident.
Nevertheless, with the pass-through mechanism in place and as the workforce returns, profit, growth are likely to return sooner than later.
A net cash balance sheet and sturdy revenue assurance too would help.
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