What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
In a CNBC-TV18 exclusive, Anshu Sharma caught up with outgoing CMD of Engineers India Ltd (EIL), Sanjay Gupta and asked him about the key drivers for raising their guidance.
In an interview to CNBC-TV18, Sanjay Gupta, Chairman of Engineers India spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Ram Singh, Director of Finance at Engineers India spoke about the results and his outlook for the company.
Engineers India's bet on the international sector is paying off, with about Rs 100 crore revenue accruing from there and margins coming back up to 20 percent.
In an interview with CNBC-TV18, Prabir Ghosh, Wholetime Director & CFO of McNally Bharat said the new project will help in attaining 8-9 percent margin growth in FY16.
On the possible divestment of NFL, Neeru Abrol said there has been no news from the government with reference to disinvestment during the fiscal. The government currently holds 89.71 percent in NFL.
Ashok Kumar Purwaha, Chairman of Engineers India says the industry has been facing slow pace of growth on projects side for almost a year. “We are evaluating newer geographies in international markets,†he told CNBC-TV18 in an interview.
Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
Ashok Kumar Purwaha, chairman, Engineers India Limited explains to CNBC-TV18 the company will post reasonable growth after recording continued growth in turnover of 50% with PBT and PAT levels at over-33%.
Engineers India announced its fourth quarterly earnings. The company saw an increase of 14.96% in standalone net profit to Rs 190 crore for the quarter ended March 31, 2012 as compared to Rs 165 crore in the same period last year.
In an interview with CNBC-TV18, Ram Singh, director finance of Engineers India said, the turnover has gone up from Rs 606 crore to Rs 854 crore during this quarter. He further said, order book, as on June 30, is roughly around Rs 6,700 crore.
Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn’t require any borrowings in FY12. “We are a zero debt company today and are sitting on a cash of about Rs 2,000 crore. We don't need to go in for any borrowings.”