Madhucon order book at Rs 6295cr ample to cater for 3-years

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Madhucon order book at Rs 6295cr ample to cater for 3-years

S Vaikuntanathan, director finance of Madhucon Projects, in an exclusive interview with CNBC-TV18 says the company has however, seen, “a turnover of Rs 1,704 crore, which is an increase of 28.8%. We have done nearly 40% to 41% in road division and 51% in energy division and around 6% in the mining division throughout the year.”

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Madhucon Projects saw a drop in the construction expenses in the results posted for the fourth quarter. On a quarter-on-quarter basis, it has come down by 86%. S Vaikuntanathan, director finance of Madhucon Projects, in an exclusive interview with CNBC-TV18 says the company has however, seen, "a turnover of Rs 1,704 crore, which is an increase of 28.8%. We have done nearly 40% to 41% in road division and 51% in energy division and around 6% in the mining division throughout the year."

He says that the company's order book position is at Rs 6,295 crore, which he says is sufficient for the next three-years. 

Below is a verbatim transcript of S Vaikuntanathan's interview with CNBC-TV18. Also watch the accompanying video.

Q: Can you take us through the numbers? We understand though others have of course increased commensurate with your sales, what went right for Madhucon Projects in quarter four and FY11?

A: This year we have done a turnover of Rs 1,704 crore, that's an increase of 28.8% and we have done nearly 40% to 41% in road division and 51% in energy division and 6% in the mining division throughout the year. There is a constructional expenditure and we have classified this time right and hence, here is a shift in the expenditure of constructional and other expenditure.

Q: So you have classified it as?

A: If you see last year the construction expenditure and other expenditures the proper classification was not made. We can just say classification was made and now our net profits for this year were Rs 50.98 crore, an increase of Rs 11.38 crore. Going forward, we have got an order book position of Rs 6,295 crore, which is sufficient to cater for 3-years.

Q: Your guidance for full year this time was Rs 1,600 crore. You have ended up doing Rs 1,700 crore. Your guidance in the next year, that's the current year is Rs 1,900 crore. Do you expect to better that as well?

A: We will be increasing by 32% over this year.

Q: In terms of margins you don't see any significant pressures at this point?

A: This year the margin was little less but 2.98% PAT. Next year, we hope to improve it, at around 3.5% of PAT.

Q: Will you be doing some fund raising for your power project?

A: We have got a subsidiary of Madhucon Infra, which is doing all the infra's holding and we have 7 road projects. We have a power project at present and a coal mine in Asia. Our operations are increasing - we got three new road projects, MET projects and we are also expanding our third phase of power. Therefore there are requirement.