Moneycontrol
Feb 15, 2017 11:46 AM IST | Source: CNBC-TV18

See 10% sales growth in FY17, no rise in debt: Gayatri Projects

Gayatri Projects, the flagship company of the Gayatri Group, reported their quarterly earnings for the quarter ended December 2016.

Gayatri Projects, the flagship company of the Gayatri Group, is targeting 10 percent growth in revenue in FY17 to Rs 2,100-2,400 crore, says Managing Director TV Sandeep Reddy while discussing his outlook post Q3 results with CNBC-TV18.

The company posted a strong third quarter revenue growth of 25 percent and net profit growth of around 15 percent.

Reddy said the order book of the company stands at around Rs 12,500 crore at the end of December quarter. Net debt of the company stands at around Rs 1,900 crore and he expects no increase in debt in the future.

The next couple of years will be extremely good for the company, with focus on Engineering, Procurement, and Construction (EPC) projects going forward.

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