Concall Notes – Feb 2024
Industry Outlook:
- India’s construction market is growing, especially in infrastructure projects and renewable energy.
- Focus on hydro power sector.
Budget Impact:
- Government proposed increase in infrastructure outlay.
- Positive outlook for the sector.
Order Book:
- Currently at Rs.19,000 Crores.
- Orders from various sectors including hydro, irrigation, tunneling, and road projects.
Recent Projects:
- Sela pass tunnel project nearing completion.
- Expected to provide connectivity in Arunachal Pradesh.
Financial Performance:
- Revenue and net profit showing significant growth.
- Operating EBITDA improving.
Debt Position:
- Consolidated gross debt reduced.
- Plans to repay term debt over next three to four years.
Arbitration Awards:
- Expecting Rs.150-200 Crores in next quarter.
- Will help in working capital requirements.
Future Outlook:
- Expect revenue to continue growing at 15% annually.
- Focus on maintaining operating margins.
QIP Plans:
- Enabling provision taken for QIP of up to Rs.500 Crores.
- Post-elections to raise funds for working capital and growth.
Employee and Equipment Base:
- Increased in anticipation of upcoming orders in renewable energy sector.
International Projects:
- Limited projects in Nepal.
- Focus on strategically important projects for India.
Land Monetization:
- Plans to sell land parcels gradually to reduce debt and improve financial position.
Bid Capacity:
- Sufficient capacity to increase order book by 15-20% in the next year.
Courtesy – screener…
Expert may throw light
Note: invested little, for traking…
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