Company delivered good result . Revenue up 27% and PAT up 102%
Looks like management is walking the talk. Few insights:
CES (Civil)
• Q1 generally are less invoiced as compared to end of year (expect much higher number in Q3-Q4)
• 2 Big project worth 20K ton in coming quarters
• Improved project work and quality led to Tier 1 clients
• Expecting new clients in Fixed teams and precast concerte detail and design
MES (Mech)
• Order on hand $ 1.1MM vs. $0.2 MM (450% higher)
• Hired 115 trainee for Civil and Mech
* Looking for acquisition in US in both Civil and Mech division.
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