In an interview KK Mohanty, MD, Gammon Infrastructure, talked about the company's fourth quarter earnings and explained how the company's projects becoming operational will help it service its debts going forward.
In an interview with CNBC-TV18, KK Mohanty, MD of Gammon Infra said that the newly acquired projects can add Rs 175-200 crore to the company's revenue on an annual basis.
Speaking to CNBC-TV18, Kishor Kumar Mohanty, MD, Gammon Infrastructure says the company benefited from fall in interest costs due to repayment of IDFC loan.
Kishor Kumar Mohanty, MD of Gammon infrastructure, discusses company's earnings for the fourth quarter and its future outlook.
In the December quarter, Gammon Infra received arrears worth Rs 35 crore on account of a project, says MD Kishor Kumar Mohanty
The company's net sales were up 11 percent at Rs 173.5 crore against Rs 155.3 crore.
For doing Rs 1,000 crore revenues in FY14, Gammon Infra has to do around Rs 250 crore revenues each quarter, which seems challenging with big ticket orders being hard to come by and those in kitty should be completed on time.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
Parag Parikh, ED, Gammon Infrastructure, says that the first quarter results of the company has been over and above the top-line and includes Mumbai-Nashik-Vizag assets.
Gammon Infrastructure is expected to report a consolidated loss at Rs 15 crore for the fourth quarter of FY12 as against profit after tax of Rs 8 crore in a year ago period, according to CNBC-TV18 poll.
While high interest cost has hit bottomline for Gammon Infrastructure, there is a Rs 9.5 crore sitting under 'exceptional item' on the company’s Profit and Loss (P&L) statement. Parag Parikh, executive director and chief financial officer of the company tells CNBC-TV18 that the sum is with respect to accounting changes undertaken by the company.
Parag Parikh, chief financial officer of Gammon Infrastructure said that he expects the growth in cash profit to continue going forward.