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For doing Rs 1,000 crore revenues in FY14, Gammon Infra has to do around Rs 250 crore revenues each quarter, which seems challenging with big ticket orders being hard to come by and those in kitty should be completed on time.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
Parag Parikh, ED, Gammon Infrastructure, says that the first quarter results of the company has been over and above the top-line and includes Mumbai-Nashik-Vizag assets.
Gammon Infrastructure is expected to report a consolidated loss at Rs 15 crore for the fourth quarter of FY12 as against profit after tax of Rs 8 crore in a year ago period, according to CNBC-TV18 poll.
While high interest cost has hit bottomline for Gammon Infrastructure, there is a Rs 9.5 crore sitting under 'exceptional item' on the company’s Profit and Loss (P&L) statement. Parag Parikh, executive director and chief financial officer of the company tells CNBC-TV18 that the sum is with respect to accounting changes undertaken by the company.
Parag Parikh, chief financial officer of Gammon Infrastructure said that he expects the growth in cash profit to continue going forward.