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In an interview to CNBC-TV18, Parag Shah, MD, Man Infraconstruction spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Parag Shah, Managing Director of Man Infraconstruction spoke about the results and his outlook for the company.
The profits in Q4 of the last fiscal year were actually higher at Rs 7 crore but we had to pay the pending CSR (corporate social responsibility) donation of Rs 2 crore and make provisions for Rs 4 crore, says Parag Shah, Managing Director, Man Infraconstruction.
Parag Shah, MD of Man Infraconstruction says the company is launching two main projects in Mumbai – one in Ghatkopar and the other in Dahisar.
Low revenue recognition caused margins to decline, says Man Infraconstruction's CFO Ashok Mehta.
Parag Shah, MD, Man Infraconstruction, discusses company's fourth quarter earnings and future outlook.
Parag Shah, managing director, Man Infra says the company is now shifting from the engineering, procurement and construction (EPC) business to real estate contracting and real estate developer.
Dolat Capital has come out with its earning estimates on Infrastructure sector for the quarter ended September 2011. According to the research firm, Man Infraconstruction Sept quarter net sales are expected to go down by 15% at Rs 129.4 crore, year-on-year, (YoY) basis.