IL&FS Engg says current order book at around Rs 9,000cr

6100 Investors following Maytas Infra. Share this News with them.

0

Like this story, share it with millions of investors on M3

IL&FS Engg says current order book at around Rs 9,000cr

In an interview with CNBC-TV18, Vimal Kaushik, managing director and CEO of IL&FS Engineering and Construction Company Limited, spoke about the company’s fourth quarter performance and road ahead.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Maytas Infra See previous management interviews See what other Experts & Brokerages are saying about Maytas Infra ILandFS Engg BSE | NSE 30/05/12 Are Mutual Funds betting on ILandFS Engg?

In an interview with CNBC-TV18, Vimal Kaushik, managing director and CEO of IL&FS Engineering and Construction Company Limited , spoke about the company's fourth quarter performance and road ahead. 

Below is a verbatim transcript of the interview. Also watch the video.

Q: Can you give us your quarter four (Q4) numbers first up? How has this quarter's performance looked?

A: We have declared [results for] the whole year. The PBT (profit before tax) is Rs 6.5 crore and PAT (profit after tax) is approximately Rs 3 crore - that is Rs 2.91 crore.

Q: What we are just trying to understand is what the trend in Q4 has been because indications from your numbers seem to suggest that your profitability has taken a sharp slide?

A: Yes, we have done better. We have done better on the operations side because our old legacy projects. They are nearing completion and the new projects have also started, which are better profit-making. So that's why the results are better.

Q: What does it translate into in terms of an order book that you enter FY12 with?

A: The order book as of today is close to about USD 2 billion. I could say about Rs 9,000 crore - the order backlog.

Q: Can you give us an indication then of how the next fiscal will look like for you? You are sitting on a profit of about Rs 3 crore. That too has been boosted by exceptional items. So going into FY12, what does the profit figure look like and what kind of a growth can you do on top line?

A: It should be better. I can't give you forward looking statement but I am expecting, as I told you before, my old legacy projects are finishing. Now I have got new projects and I am getting more new projects from Saudi Binladin (or Binladen) Group as well as from India also. It should be a better year ahead.