This is being viewed by the analysts as a great news and reflects very good going for the company in the coming fiscal. These projects are to be executed over a period of 24 months so this naturally means that in FY10, the company will have a robust growth and the future looks bright.
The going has been good for the company. In the second quarter ended 30th September 2008, the company posted a very healthy 60.5% rise in net sales on a YoY. EBITDA was up 45% and PAT grew 19% at Rs. 14.52 crore. The company's current equity is Rs 12.55 crore. Face value per share is Rs 2. The revenue guidance for FY10, based on the back of the order book looks promising a growth of 40% is expected in the topline.
This Delhi based company is engaged in constructing wide range of structural buildings such as healthcare facilities, hotels, educational institutions, information technology parks and corporate office premises. Despite the slowdown in the sector, the company is poised to do well and this change in fortune is on the back of this huge order which has come in yesterday. Stay invested.