Key takeaways of the conference call

Consolidated sales was up by 31% to Rs 806.74 crore but the growth at EBITDA was restricted to 24% to Rs 119.75 crore with EBITDA margin contracting by 100 bps to 15%. The net profit was higher by 8% to Rs 50.29 crore.

Consolidated sales for Q3FY12 was up by 27% to Rs 339.66 crore. And with EBITDA margin contracting by 100 bps to 15% the growth at EBITDA restricted to 23% to Rs 52.01 crore. However the net profit was down by 4% to Rs 22.26 crore.

Currently the company has 5 BOT projects and of which one is operational and three projects have already achieved Financial Closure. The recently bagged Bikaner-Suratgarh Road project bagged in consortium with SREI Infra will conclude Financial Closure shortly.

Expect an EPS of Rs 43 for the year. And not less than Rs 60 next year.

Order book as of now is Rs 2760 crore and of which unexecuted is Rs 2220 crore.

Order intake in 9mFY12 was about Rs 1400 crore. The company expects a minimum order intake of about Rs 3000 crore in next one year.

Total Debt as end of Dec 31, 2011 is Rs 73 crore and of which ECB component is Rs 67 crore. ECB interest rate is 9-10%.

Planned Capex for FY12 is about 53.50 crore and for FY13 is about 20 crore and FY14 is about 30 crore.

Total equity commitment is Rs 206 crore in ongoing projects including the recently bagged Bikaner-Suratgarh Road project. The equity infusion of Rs 206 crore spread across FY12, FY13 and FY14 and about Rs 35 crore will be infused in FY12, Rs 90 crore in FY13 and about Rs 90 crore in FY14.

Seoni Katangi Road – the project cost is Rs 211 crore with about Rs 59.5 crore of grant coming from MPRDC the balace cost of Rs 151.5 crore will be funded by Rs 51.09 crore of equity and balance debt.

The Equity component of Waraseoni-Lalbarra Road is Rs 14.44 crore.

The company has recognised construction revenue of Rs 40 crore in Odisha project.

Currently the company has one operational BOT project i.e. sioni.

Toll collection in operational BOT project is about Rs 10.32 crore for 9mFY12.

BY end of 12-13 the Waraseoni-Lalbarra Road annuity project will be operational. By 2013-14 the other two on going projects i.e. Seoni Katangi and Bikaner Suratgarh will be operational.

Waraseoni-Lalbarra Road will contribute an annuity of Rs 84.76 crore per annum apart from this the company alos has right to collect toll.

Expects atleast Rs 1800 crore revenue in next fiscal with similar kind of margin.

Of the contracts bagged in 9mFY12 of about 1000 crore work already commenced.