Standalone Financials at a glance:
|Rs. in millions1||Q4-FY2016||Q4-FY2017||YoY||FY2016||FY2017||YoY|
• Standalone Financial highlights for quarter ended March 31, 2017:
Standalone Revenue increased by 7% to Rs. 740.9 million from Rs. 692.7 million in the corresponding previous quarter. On the profitability front, the EBIDTA for Q4-FY2017 has witnessed a growth of 49% from Rs. 74.6 million to Rs. 111.1 million with an EBITDA margin of 15% in Q4-FY2017. The Profit after Tax is Rs. 77.1 million i.e. a growth of 33%.
• Standalone Financial highlights for year ended March 31, 2017:
Standalone Revenue has increased by 22% to Rs. 2,241.9 million from Rs. 1,831.0 million in the corresponding previous period. On the profitability front, the EBIDTA has witnessed a growth of 33% from Rs. 274.1 million to Rs. 365.3 million with an EBITDA margin of 16% in FY2017. The Profit after Tax is Rs. 228.4 million i.e. a growth of 34%.
At March 31, 2017, the Standalone Networth is Rs. 2,014.3 million and Standalone Gross Debt is Rs.1,457.5 million, while the Cash and Bank Balances on the standalone basis is Rs. 51.4 million. The Net debt to Net worth computes 0.70x.
• Consolidated Financial highlights for year ended March 31, 2017:
Consolidated Revenue has increased by 21% to Rs. 2,224.6 million from Rs. 1,831.1 million in the corresponding previous period. On the profitability front, the EBIDTA has witnessed a growth of 33% i.e. Rs. 273.4 million to Rs. 363.1 million with an EBITDA margin of 16% in FY2017. The Profit after Tax is Rs. 231.9 million i.e. a growth of 65%. At March 31, 2017, the Consolidated Networth is Rs. 1,981.0 million and Gross Debt is Rs.1,735.2 million, while the Cash and Bank Balances on the consolidated basis is Rs. 52.9 million. The Net debt to Net worth computes 0.85x.
Commenting at this juncture Mr. Deep Vadodaria, Chief Operating Officer said:
“This is one of the best times to be developing the Civic Urban Infrastructure in our country. The outlook of government spending in civic urban infrastructure is absolutely positive in short, medium and long-term. Be it PM’s “Housing for All by 2022 Mission” or “Smart Cities” – the scales here are very encouraging and additionally now the Fiscal and Monetary eco-systems are also galvanized. Affordable
Housing has since got the coveted “Infrastructure” status and loans on Affordable Housing are also being made readily available at economical/concessional rates.
At present, the Company is executing about 7,350+ units under Affordable Houses – including three Slum Rehabilitation and Redevelopment Projects for the benefit of 2,250 families at Ahmedabad. Our conscious planning and execution has since ensured business continuity and addressed the concentration risk by having well-diversed order-book. Apart from Affordable Housing, the Company is executing variety of Civic Urban Infrastructure projects (within the Company’s core competence) e.g. Bus Terminals,
Medical College Campus, Office Building, Industrial facility, Warehouses, Community Hall, etc. Meanwhile, we do not run any major project marketing or sales risk on our books as we are executing various projects for our resourceful customers like government authorities as well as reputed and established corporates.
FY2017 had its own highs, while we addressed certain unforeseen challenges in a unique way. As a result we have successfully maintained the pace and direction of the growth trajectory. Meanwhile, we are meticulously executing our strategies to make FY2018 an exciting year for the Company and all its stakeholders.”
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
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