Capacit’e Infraprojects Q4 net profit up by 16% at 26 Crore

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Total Income for FY19 grew by 34% to INR 1,825 Crores as compared to INR 1,360 Crores in FY18.

  • Total Income INR 1,825 Crores, a growth of 34% Y-o-Y
  •  EBITDA INR 285 Crores, a growth of 25% Y-o-Y
  • PAT grew by 21% Y-o-Y to INR 96 Crores
  • Cash PAT grew by 23% Y-o-Y to INR 198 Crores
  • Total collections ~INR 1,745 Crores
  • Private Sector Order Book at INR 6,262 Crores; Public Sector Order Book at INR 915 Crores

Capacit’e Infraprojects Limited, an EPC company focused on High Rises & Super High Rises and providing end to end services for residential, commercial and Institutional building with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Kochi, Hyderabad and Bengaluru today announced its Audited Financial results for the quarter and full year ended March 31, 2019.

Performance highlights for Q4 & FY19

The Total Income for Q4 FY19 was INR 507 Crores as compared to INR 390 Crores in Q4 FY18, showing a growth of 30%.

EBITDA for FY19 grew by 25% to INR 285 Crores as compared to INR 228 Crores in FY18. EBITDA for Q4 FY19 was INR 77 Crores as compared to INR 71 Crores in Q4 FY18, posting a growth of 7%. EBITDA margin for FY19 was at 15.6% and for Q4 FY19 was at 15.1%.

Finance cost as a percentage of Total Income has declined to 2.7% in FY19 from 2.9% in FY18. Finance cost for FY19 is INR 49 Crores as compared to INR 40 Crores in FY18.

Depreciation and amortisation expense for FY19 stood at INR 89 Crores as compared to INR 67 Crores in FY18. The capex spends towards Core Assets in FY19 stood at INR 89 Crores.

PAT for FY19 grew by 21% to INR 96 Crores as compared to INR 79 Crores in FY18. Diluted EPS for FY19 stood at INR 14.08 per equity share. PAT for Q4 FY19 was INR 26 Crores as compared to INR 22 Crores in Q4 FY18, growing by 16%.

Cash PAT for FY19 was INR 198 Crores as compared to INR 161 Crores during FY18, growing by 23%. Cash PAT for Q4 FY19 stands at INR 59 Crores, whereas it was INR 62 Crores during Q4 FY18.

Board of Directors have recommended a Final Dividend of Rs. 1/ share on a FV Rs. 10/-

Total collections during FY19 is ~INR 1,745 Crores.

The Net Working Capital Days (Excluding Retention) is 67 days vis-a-vis 58 days as on March 2018

Our Total Orderbook (Private + Public) excluding MHADA as on March 31, 2019 stood at INR 7,177 Crores. Residential segment contributes ~76% of the orderbook and Commercial & Institutional segment contributes ~24%. Large part of our orderbook is contributed by High Rise and Super High-Rise Buildings at ~43% followed by Gated Community at ~35%.

Our Orderbook from the Public sector (included in above) as at the end of March 31, 2019 stood at INR 915 Crores.

Order win in Q4 FY19:

Orders from:

  • Municipal Corporation of Greater Mumbai, Health Infrastructure Cell for proposed redevelopment of Harilal Bhagwati Municipal General Hospital at Borivali (W) worth INR 484 Crores

On the performance Rohit Katyal, Executive Director & CFO commented, “FY19 was a challenging year for the construction industry, as it faced various headwinds in the form of Liquidity crisis in the NBFC sector, the NGT issues in the north, etc.

Despite these challenges, Capacit’e not only managed to grow by 34% YoY but also received highest order inflow of INR 3,629 Crores. ~50% of the orders are Repeat orders from existing clients. This demonstrates the faith exhibited by our clients in our capabilities.

With the rising market share of Tier 1 Organized Real estate Developers, many of whom are our clients, and increasing opportunities in the Commercial & Institutional space we remain confident of carrying the positive momentum in times to come.”