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Generic Engineering Construction and Projects Q1 PAT jumps 135% yoy to Rs2.58cr; Order book of Rs1655.70cr

The company’s revenue from operations for Q1FY22 stood at Rs53.11cr as compared to Rs9.23cr in Q1FY21, a growth of 474.50% yoy.

August 16, 2021 9:39 IST | India Infoline News Service
Quarterly Results
Generic Engineering Construction and Projects Limited, a fast-emerging construction company offering general contracting, design-build; engineering, procurement and construction (EPC); and project management consultancy (PMC) services for residential, industrial, commercial, and Institutional buildings with presence in Navi Mumbai and Mumbai Metropolitan Region (MMR) on Saturday announced its un-audited financial results for the quarter ended June 30, 2021.

The company’s revenue from operations for Q1FY22 stood at Rs53.11cr as compared to Rs9.23cr in Q1FY21, a growth of 474.50% as compared to Q1FY21. EBIDTA for Q1FY22 EBITDA was Rs6.85cr as compared to an EBITDA loss of Rs4.46cr in Q1FY21, a growth of 253.50% as compared to Q1FY21.

Profit After Tax (PAT) for Q1FY22 stood at Rs2.58cr, as against Loss After tax of Rs7.32cr in Q1FY21, a growth of 135.20% as compared to Q1FY21. The Debt/Equity ratio as at June 30, 2021 stood at 0.25x. The company has cash and cash equivalents of Rs0.21cr.

In FY22 till date, the company has received new work orders worth Rs101.95cr crore (excluding GST) for educational, commercial, residential & data centre projects from various clients.

“Our outstanding order book as at end of June 30, 2021 stood at Rs1222.90cr. Residential segment contributes 71.69% of the order book, Commercial & Industrial contributes 10.11%, Health & Leisure contributes 3.02%, Special projects contributes 4.66% & Educational Institutes segment contributes 10.52%. Top 5 orders contribute Rs664.01cr to our order book representing 50.91% of the outstanding order book as on June 30, 2021. However, including the recently received order of Rs101.95cr, the current order book stands at Rs1655.70cr.

“Despite lockdowns and challenges due to the severe second wave of COVID-19, Generic Engineering Construction and Projects Limited (GECPL) delivered sustainable performance in the first quarter of the fiscal. With the rising commodity prices, higher logistics cost and supply chain issues posing near term challenges, we remain diligent in managing cost and navigating the current environment,” Manish Patel, Managing Director, commented.

“With robust order book and the recent order inflow of about Rs101.95cr, we expect strong execution momentum in the second half of this fiscal year and also gradual improvement in labour situation. The ground level activities points towards further improvement in execution starting Q2FY22,” he added.

At around 9.44 AM, Generic Engineering Construction and Projects Limited was trading at Rs46.05 per piece up Rs0.25 or 0.55% on the BSE.

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