The going has been good for this Pune-based energy and environment solutions provider. All those skeptics who had written away the company when the orders were down, due to the slowdown, would now be eating their words. With things improving, the order book of the company has also gone up. The latest was the Rs.477.77 crore orders for constructing and commissioning a turnkey captive power plant for its ferro alloy unit in Orissa. And prior to this, during the fag end of Q2FY10, it had won an independent power project worth Rs.1000 crore from Andhra Pradesh.
The company currently has an order book of Rs.5060 crore of which Rs.4400 crore came from domestic and Rs.650 crore from international. Another Rs.1500 crore to Rs.1600 crore worth of orders are expected to be clocked by end of current fiscal. A look at the distribution of the order book shows that 80% of its revenue comes from energy sector. The balance comes from cement, food, textiles, metals and municipal corporations.
For H1FY10, though the performance remained subdued, QoQ, the numbers have improved. Q2 has been better and this shows that things are slowly but surely improving. For H1FY10, net sales was at Rs.1217.96 crore and net profit was at Rs.100.61 crore. In FY09, net sales was at Rs.3264.35 crore and net profit was at Rs.287.29 crore. Clearly, for FY10, the company will have a topline and bottomline growth at almost the same levels or maybe a tad lower. Though the order book is getting better, the actual translation of these numbers into topline growth would begin only from next fiscal, ie: FY11.
The company currently has an order book of Rs.5060 crore of which Rs.4400 crore came from domestic and Rs.650 crore from international. Another Rs.1500 crore to Rs.1600 crore worth of orders are expected to be clocked by end of current fiscal. A look at the distribution of the order book shows that 80% of its revenue comes from energy sector. The balance comes from cement, food, textiles, metals and municipal corporations.
For H1FY10, though the performance remained subdued, QoQ, the numbers have improved. Q2 has been better and this shows that things are slowly but surely improving. For H1FY10, net sales was at Rs.1217.96 crore and net profit was at Rs.100.61 crore. In FY09, net sales was at Rs.3264.35 crore and net profit was at Rs.287.29 crore. Clearly, for FY10, the company will have a topline and bottomline growth at almost the same levels or maybe a tad lower. Though the order book is getting better, the actual translation of these numbers into topline growth would begin only from next fiscal, ie: FY11.
Source: Internet (www.premiuminvestments.in by S P tulsian)
