Consolidated Construction Consortium Ltd, an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its Q1 results for FY 2010-2011.
For the quarter ended 30.06.2010, the total revenue, on a standalone basis stood at Rs.5.07bn and Profit after Tax (PAT) at Rs.187.8mn. Compared to the same quarter last year, there has been a revenue jump of 23.41% from Rs.4.11bn and profits after tax grew by 6.42%.
Sarabeswar, Chairman & CEO, CCCL Ltd said, “Our recent infrastructure and other power projects have strengthened our portfolio. We are upbeat regarding the company’s performance with increased orders and projects. We are confident of scaling new heights in the coming quarters”.
The company has during the quarter booked fresh orders worth Rs 17.05bn, which includes the construction of Goa Airport, Elevated stations for Chennai Metro Rail Limited and Power Plants
The order backlog as of 30.06.2010 is Rs.45.26bn
Financial highlights
Top line growth of 23.41%
Bottom line growth of 6.42%