Moneycontrol
Last Updated : Jan 10, 2018 04:29 PM IST | Source: CNBC-TV18

Expect 8-10% revenue growth for FY18: Simplex Infrastructure

The Prabhudas Lilladher Infrastructure Day kicks off this morning. In an interview to CNBC-TV18, NK Kakani, Senior Executive Director of Simplex Infrastructure, from the sidelines of the conference, gave a sense of their 2018 outlook.

CNBC TV18 @moneycontrolcom

The Prabhudas Lilladher Infrastructure Day kicked off this morning. In an interview to CNBC-TV18, NK Kakani, Senior Executive Director of Simplex Infrastructure, from the sidelines of the conference, gave a sense of their 2018 outlook.

Kakani said that our margins are stable at about Rs 12 percent.

Talking about FDI in construction, he said 100 percent foreign direct investment (FDI) will come at the level of equity and technology because construction is basically a local business.

On growth front, he said revenue growth will be 8-10 percent. It has been subdued because of payment cycle being longer, which is now improving and that is paving way for further increase in revenue growth for the next year.

Watch accompanying video for more details.
First Published on Jan 10, 2018 04:29 pm

tags #Business

Loading...
Sections
Follow us on
Available On