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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.
"Building contributes around 61% to our order book, 23% comes from water and balance from transportation," he elaborated.
Madhav Nadkarni, CEO, Unity Infra Projects in an interview with CNBC-TV18 said that the interest costs have increased by 300-350bps in the last one year. It is looking to restructure debt through foreign loans or external commercial borrowings (ECBs) so that interest cost can be brought under control.
In an interview with CNBC-TV18’s Anuj Singh and Latha Venkatesh, Yogen Lal, COO of the company, gave his perspective of the third quarter performance and divulged future plans.