Angel Broking has come with its June quarterly earning estimates for infrastructure estate sector. According to the research firm, average revenue growth is expected to remain subdued at 13.6% yoy on the back of slowdown in execution.
S Vaikuntanathan, director finance of Madhucon Projects, in an exclusive interview with CNBC-TV18 says the company has however, seen, “a turnover of Rs 1,704 crore, which is an increase of 28.8%. We have done nearly 40% to 41% in road division and 51% in energy division and around 6% in the mining division throughout the year.”
PINC Research has come out with its earning estimates on Infrastructure & Construction sector for the quarter ended March 2011. According to the research firm, Madhucon Projects March quarter revenue are expected to go up by 3.2% at Rs 502 crore, Year-on- Year, (YoY) basis.
Angel Broking has come out with its earning estimates on Infrastructure sector for the quarter ended December 2010. According to the research firm, Madhucon Projects (MPL) December quarter sales are expected to go up by 46.8% at Rs 411 crore, Year-on-Year, (YoY) basis.