Capacit’e Q3 PAT up by 5.3% at INR 24 crore

capacite logo

Order backlog – Private Sector at INR 7,086 crore; Public Sector at INR 433 crore & MHADA Order at INR 4,357 crore, Order Inflow (Private & Public Sector) during 9M FY19 was INR 3,153 crore.

Capacit’e Infraprojects Limited (“Company”), a fastgrowing construction company providing end to end services for residential, commercial and Institutional building with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Varanasi, Kochi, Hyderabad and Bengaluru announced its Unaudited Financial (Standalone) results for the quarter and Nine monthsended December 31, 2018.

Key Standalone Financial Highlights are as follows:

www.newsbarons.com

www.newsbarons.com

Performance highlights for Q3&9MFY19

Total Income for 9M FY19 grew by 36% to INR 1,317 crore as compared to INR 970 crore in 9MFY18. The Total Income for Q3 FY19 was INR 459 crore as compared to INR 375 crore in Q3FY18, showing a growth of 22%.

EBITDA for 9M FY19 grew by 34% to INR 209 crore as compared to INR 156 crore in 9M FY18.EBITDA for Q3 FY19 was INR 71 crore as compared to INR 58 crore in Q3 FY18, posting a growth of 23%.EBITDA margin for 9M FY19 was at 15.9% and for Q3 FY19 was at 15.5%.

Finance cost as a percentage of Total Income has declined to 2.6% in 9MFY19 from 3.0% in 9M FY18.Financecostfor 9M FY19 is INR 34 crore as compared to INR 29 crore in 9M FY18.

Depreciation and amortisation expensefor 9M FY19 stood at INR 64 crore as compared to INR 40 crore in 9M FY18. The capex spends towards Core Assets in 9M FY19 stood at INR 55 crore.

PAT for 9M FY19 grew by 23% to INR 70 crore as compared to INR 56 crore in 9M FY18. Diluted EPS for 9M FY19 stood at INR 10.26 per equity share. PAT for Q3 FY19 was INR 24 crore as compared to INR 23 crore in Q3 FY18, growing by 5.3%.

Cash PAT for 9M FY19 was INR 140 crore as compared to INR 99 crore during 9M FY18, growing by 41%. Cash PAT for Q3 FY19 grew by 32% and stands at INR 46 crore, whereas it was INR 35 crore during Q3 FY18.

Total collections during 9M FY19 is INR 1,279 crore

The Net Working capital Days (Including Retention) stood at 81 days vis-a-vis 89 days as on March 2018 & 95 days as on Q3 FY18. Similarly, Net Working capital Days (Excluding Retention) is 55 days vis-a-vis 58 days as on March 2018 & 65 days as on Q3 FY18

Our Orderbookexcluding MHADA as at end of December 31, 2018 stood at INR 7,519 crore. Residential segment contributes ~77% of the orderbook andCommercial &Institutional segment contributes ~23%. Large part of our orderbook is contributed by High Rise and Super High-Rise Buildings at ~46% followed by Gated Community at ~36%.

The new order inflow from private sector during the quarter consists of ~77% orders from existing client.

Key wins from the Private sector in Q3FY19:

Repeat order from Oberoi Realty worth INR 705 crore for construction of five towers at Oberoi Garden City

Order from Furein Construction Engineering worth INR 208 crore. This is our first major order in Factory segment
Our Orderbook from the Public sector as at the end of December 31, 2018 stood at INR 433 crore.

Key wins from the Public sector in Q3 FY19:

Orders from:

BSNL worth INR 335 crore for construction of buildings for Unified Network Management System
Institute of Chemical Technology worth₹ 98 Crores
L1 in Public sector for INR 456 crore (not included in the Order Book)

On the performance Rohit Katyal, Executive Director& CFO commented, “We are proud to continue our good performance during the financial year by delivering a 36% YoY growth in our Total Income and 41% in the Cash PAT. We have been consistently adding new orders both in the Private as well as the Public sectorand have exceeded our target for new order inflows in FY19.Also, during Q3 we bagged our first major order in the Factory’s segment.

With the sustained order inflow and our expertise in executing and delivering projects on time we are optimistic that we shall witness a healthy and sustainable growth.”

Latika Bhargava
Latika Bhargava successfully manages the dual responsibility of news and website management at Newsbarons. Latika prides herself at her expertise on social media planning and management. An entrepreneur at heart, Latika is a quick learner, analytical and enjoys reading on technology innovation.
latika@newsbarons.com