Margin will improve once irrigation & mining projects are completed: Sadbhav Engg
In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering spoke about the results and his outlook for the company.
Patel said that margin stood at 11.3 percent for the quarter.
He further said that we are on the verge of completing certain projects particularly in mining and irrigation front. Therefore, it will give further uptick to the overall EBITDA margin.
“Q4 is the quarter which generates highest revenue for construction business. As of now we have taken dates for two more projects; one is in the end of Q3 and other is in the middle of Q3. So this quarter we will have higher turnover from these projects also,” he added.
Talking about order book, he said it stands at Rs 9,800 crore and apart from this we have submitted 11 bids for which we are awaiting the results flowed by large number of Hybrid Annuity Model (HAM) and engineering, procurement and construction (EPC) tenders to be submitted by the end of the quarter.
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