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Will achieve Rs 2000cr in rev this yr: Ahluwalia Contracts
Nalanda India Fund has bought a 1.4% equity stake in the company via open market transactions at a price close to about Rs 135. In an interview with CNBC-TV18, Bikramjit Ahluwalia, CMD, Ahluwalia Contracts gave his perspective on the business performance of the company going forward.
Ahluwalia Contracts has gained about 13%. On Friday however, the stock was trading near its 52-week low. Nalanda India Fund has bought a 1.4% equity stake in the company via open market transactions at a price close to about Rs 135, and since then the stock has been on a tear.
In an interview with CNBC-TV18, Bikramjit Ahluwalia, CMD, Ahluwalia Contracts gave his perspective on the business performance of the company going forward.
Below is a verbatim transcript. Also watch the accompanying video.
Q: The investors want to know what is the kind of revenue outlook for the entire company? What is it that you are hoping to do?
A: Every year we have a 30% growth and this year surely we are going to have 30% growth. We are going to achieve Rs 2000 crore this year.
Q: What sort of order book are you working with currently and what sort of order book do you expect to ramp-up to by year-end?
A: We have around Rs 5500 crore worth work orders in hand and about a Rs 1000 crore will be over this year out of that. We will be adding another Rs 1500 crore order. So end of the year we will have Rs 6000 crore in hand. Three projects are under negotiation and all are in the final stages.
Q: On the margin front - at the operating level and net profit front what is the expectation for the entire year?
A: Margins we are maintaining an aggregate of about net EBITDA is around 6-7%, which we will maintain.
