February 27, 2017 / 16:19 IST
The Company’s topline in Q3FY17 witnessed an increase of 23.4 percent to Rs. 520.5 crore on yoy basis and on QoQ basis, topline witnessed a robust jump by 48.7 percent owing to faster execution. However, revenue growth missed our estimate for the quarter partially impacted by extended monsoon and demonetisation effect in the initial period – payment to workers.
Outlook
In Q3FY17, EBITDA grew by 37.1 percent on yoy basis to touch Rs. 83crs. On Qoq basis, it increased by whopping 50.9 percent. EBITDA margin witnessed an improvement of 158.3 bps on yoy basis to touch 15.93% from 14.21%. Operating margins remained stable despite significant mobilization expenses at the new sites.
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