Ujaas Energy has entered engineering procurement construction (EPC) business which is a low margin and high volumes segment compared to its solutions business, said Anurag Mundra, Joint MD and CFO, Ujaas Energy. The company's Q4 net profit rose 76.9 percent to&amp;nbsp;Rs 13.8 crore versus Rs 7.8 crore, in the same quarter last fiscal. Speaking to CNBC-TV18, Mundra said the company's orderbook stands at 35 megawatt. Ujaas has no plans to raise funds currently, he added.He believes the company's growth trajectory is looking exciting this year given the accelerated push for&amp;nbsp;solar fields by the government.Below is the verbatim transcript of Anurag Mundra&amp;rsquo;s interview with CNBC-TV18's Nigel D'Souza and Reema Tendulkar.Nigel: Your topline looked very good at around Rs 170 crore approximately. Give us a breakup, the Operation and Maintenance (O&amp;amp;M) revenue breakup and also the erection revenue breakup, what is that the Rs 170 crore odd?A: Well the yearly revenue is around Rs 277 crore, not Rs 170 crore. I believe you are referring to the quarter number.Nigel: Yes, for the quarter?A: Yes, but if you talk about the yearly growth or yearly number Rs 270 crore, around Rs 190 crore is coming from our solution business which is the power business. Around Rs 48-50 crore is coming from our Engineering, Procurement, Construction (EPC) business. From O&amp;amp;M thing around Rs 9.5 crore is coming from that business.Since last one year we are maintaining that Ujjas is again in the growth trajectory. You are aware that March 2015 was not such a great year after March 2013 and March 2014. But because of certain changes and certain marketing policy we have changed we are maintaining since last one year that we are again in growth trajectory. Specifically when the solar field is looking so exciting and such an ambitious target what the government has we are happy that we are able to deliver some of the promises what we had communicated through your channel also. So, it is not only about the growth trajectory what we are in but if you look at the balance sheet we have a reasonably strong cash balances, very good current ratio and very comfortable debt equity ratio. At the same time we are having a sufficient order book position so, we can expect some type of growth to follow in this current year also.You also must be aware that the depreciation benefit which is available for this year also and likely to go from April 1, 2017 there might be rush of certain of our customers who want to put up solar power plant in this financial year itself. So, net in net a very good year, very good earnings before interest, taxes, depreciation and amortisation (EBITDA), very good profit after tax (PAT), very good profit before tax (PBT).Reema: While the topline growth is very commendable your margins have come under pressure. Whether I look at it on year-on-year (Y-o-Y) basis where they have fallen from 38 to 22 percent or even in Q4 when it has come down from 32 percent to 18 percent. What was the reason for the margin weakness and should we expect more margin pressure and contraction going ahead?A: Exactly it is other way round. We are comparing Y-o-Y basis. FY15 which was not a great year, in FY15 our sales have fallen by around 80 percent. So, it has a very low base effect. That is why the margin FY15 was looking very high. The right way to compare the margins of FY16 is to compare with FY14. If you look at EBITDA to sales margin FY14 it was at around 18-19 percent and currently it is 23-24 percent. Even the topline is somewhat comparable to FY14. So, FY15 which was not a great year may not be a right benchmark to do it to compare it.As I communicated earlier also that this year we have changed certain marketing strategy and we would enter into EPC business. EPC is a low margin business compared to your solution business but a high volume business. So, on percent terms the effect of that low margin does reflect. Although on the absolute number if you look at our EBITDA margin is at around Rs 65-66 crore which is very healthy number.There is one more thing I need to mention that we are a Minimum Alternate Tax (MAT) paying company. But as per accounting standards we have to provide for deferred tax liability in our profit and loss. Deferred tax liability is not a cash outgo from the company. So, the PAT margins look a little lower because of the deferred tax liability but I understand to best of my mind our company should be analysed on EBITDA basis.Nigel: Let us talk about FY17. What kind of revenues can you give us in that year. You are talking about your balance sheet being in good position. You are sitting on some cash, what exactly is that and also you had approved some fund raising. What is that for, how you are going it, debt or equity, what is the break up over there?A: This fund raising resolution is there since last three years. So, this is a resolution we are keeping it ready but as of now there is no current plan to raise any of the funds. As far as FY17 is concerned I again maintain we are in a growth trajectory. We have a order book position of close to 35 megawatt and this being the last year for 100 percent depreciation year we expect a lot of orders to come in our solutions business. It will be difficult for me to give any guidance for FY17 but yes, we can be sure that we are looking for a good year ahead.