Q1FY23 Concall snippets
Major highlights
- Financial Performance
a. Revenue from quarterly operations is at INR345 crore, higher by 8.8% on Y-o-Y basis.
b. EBITDA for quarter is at INR47 crore higher by 19.6% on by Y-o-Y basis.
c. Net profit for the quarter is at INR28.51 crore, which is higher by 13.5% on Y-o-Y basis.
d. PAT margin is at 8.13% vs 7.8% (Q1 FY22) - Q1 FY23 order inflow is Rs. 550 Cr
- Post receipt of 24/08/2022 order, total order book is ~Rs.4850 Cr & FY 22-23 order book till 24/08/2022 is Rs.1344 Cr
- Utilized credit limits are Rs. 579 crore, of which Rs. 53 crore are fund-based utilization and Rs. 526 crore is non-fund based utilization. Total Fixed deposit by company is Rs.317 Cr.
- Total net working capital days are 35
Project Concentration
- 63% of the projects as on 30/06/2022 are government projects
- In the total order book 45% projects from UP, 39% from Gujarat. 45% of the projects doesn’t have price pass through mechanism
Headwinds/Margin compression
- Headwinds faced in Q1 FY23 in UP projects due to labour shortage
- As per top management, Employee expense has increased by 43.5% on Y-o-Y basis, the increase is mainly due to annual appraisals and increments during the April '22 and increase in managerial remuneration.
Growth/order inflow expectations for FY 22-23
- 25% growth in revenue expected this year
- Expected order inflow for full FY 22-23 is Rs.2200 Cr
Subscribe To Our Free Newsletter |