Im­prov­ing Mar­gins By Adding De­sign & Build & Other Value Added Ser­vices

Man­ish Pa­tel Man­ag­ing Di­rec­tor, Generic Engi­neer­ing Con­struc­tion and Projects

Dalal Street Investment Journal - - COMMUNICATION FEATURE -

Generic Engi­neer­ing Con­struc­tion and Projects Lim­ited is a civil con­tracts com­pany with over five decades of ex­pe­ri­ence and more than 200 com­pleted projects. It was es­tab­lished in the year 1967 un­der the lead­er­ship of Rav­i­lal Pa­tel, it was later trans­formed into a Pri­vate Lim­ited Com­pany in the year 2004 un­der the lead­er­ship of his son Man­ish Rav­i­lal Pa­tel.

Generic strives to in­no­vate and de­liver qual­ity and cost ef­fec­tive ser­vices to its clients. Generic’s core busi­ness is to pro­vide ser­vices for civil con­struc­tion and in­fra­struc­ture projects on var­i­ous mod­els rang­ing from De­sign, Build, Operate and Trans­fer (DBOT); and

Build, Own, Operate and Trans­fer (BOLT). We aim at be­com­ing a world class civil con­struc­tion and in­fra­struc­ture or­ga­ni­za­tion com­mit­ted to qual­ity work, timely com­ple­tion, cus­tomer sat­is­fac­tion and en­hance­ment of the stake­hold­ers’ value.

High­lights of fi­nan­cial re­sults for Q1 FY2018

- To­tal in­come in­creased by 13% to ₹4,353 Lacs (₹3,847 Lacs in Q4 FY2017)

- EBITDA in­creased by 54.5% to ₹518

Lacs (₹326 Lacs in Q4 FY2017)

- EBITDA mar­gin stood at 11.7% in Q1 FY2017 (8.6% in Q4 FY2017)

- Net Profit after tax in­creased by 66.7% to ₹304 Lacs (₹180 Lacs in Q4 FY2017)

- PAT Mar­gin stood at 6.9% in Q1 FY2018 (4.7% in Q4 FY2017)

- Ba­sic and di­luted Earn­ings Per Share stood at ₹1.86 in Q1 FY2018 ( ₹ 1.10 in

Q4 FY2017)

Cur­rent Or­der Book:

The to­tal value of our cur­rent or­der books stands at ap­prox­i­mately 360 Cr out of which ap­prox­i­mately 243 Cr is resid­ual (WIP). While L1 bid book is ap­prox­i­mately 225 Cr.

Our Q1 FY18 re­sults have been in line with growth ex­pec­ta­tion. We are able to with­stand the de­mon­e­ti­za­tion pe­riod by achiev­ing a 13% rev­enue growth and were also able to im­prove our op­er­at­ing mar­gins and re­duced the in­ter­est cost. Go­ing for­ward, we ex­pect to im­prove our mar­gins by adding De­sign & Build and giv­ing other value added ser­vices. We ex­pect RERA to have a pos­i­tive im­pact on the Real Es­tate in­dus­try in terms of oper­a­tions, cash flows and trans­parency. Gov­ern­ment push for af­ford­able hous­ing and Smart city projects will of­fer am­ple of high growth op­por­tu­ni­ties to the com­pany.

We aim at be­com­ing a world class civil con­struc­tion and in­fra­struc­ture or­ga­ni­za­tion com­mit­ted to qual­ity work, timely com­ple­tion, cus­tomer sat­is­fac­tion and en­hance­ment of the stake­hold­ers’ value.

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