In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects says current order book is around Rs 4,496 crore.
Unity Infra Projects announced results on Tuesday. The company recorded growth in the top-line and bottom-line. Sales rose 5% to Rs 397 crore and EBITDA went up 10%. However, PAT fell to Rs 18 crore from Rs 19.5 crore last year. CFO Madhav Nadkarni, explains to CNBC-TV18, the various aspects of the company‘s results.
Unity Infra Projects is looking to sell 26% stake in two special purpose vehicles (SPVs). In an interview with CNBC-TV18, Madhav Nadkarni, CFO, Unity Infra Projects said the company is looking for stake sales in the Nagpur hotel SPV and its Bangalore residential project.
"Building contributes around 61% to our order book, 23% comes from water and balance from transportation," he elaborated.
In an interview to CNBC-TV18, Madhav Nadkarni, chief financial officer of Unity Infra Projects spoke about the latest happenings in his company and the road ahead.
Madhav Nadkarni, CFO of Unity Infra Projects, in an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, gave opinion on the RBI policy that even after the 25 bps rate hike, there is another possibility of interest hike. He also added that this rate hike will not be good for the infra sector because of the intensive working capital.
In an interview with CNBC-TV18, Madhav Nadkarni, CFO, Unity Infra Projects says, the total order book is almost Rs 3,700 crore. “Out of that 57% comes from building segment and 37% comes from water and irrigation,” he adds.