Key takeaways of the call

Order intake in Q3FY16 was about Rs 120 crore. Q3FY16 order intake spread over two projects with one being a private real estate order from Mumbai and another is a hospital order from Kolkata. Order intake so far in current fiscal is about Rs 1330 crore. Order book as of date was about Rs 3825 crore.

Of the total order book about 42% is residential orders (31% private sector residential & 11% public sector residential)

Of the L1 orders of about Rs 400 crore as end of corresponding previous period went for rebidding. So there are no L1 orders as of now and there are orders worth Rs 2000 crore are under bidding.

Slow moving orders are negligible at about Rs 200 crore. The projects are not moving at all and when it moves the company ill renegotiate the terms with client.

The company expects to close the current fiscal with an STO of RS 1250-1300 crore and for FY17 with a sales of Rs 1700 crore.

Private sector orders not to seen any traction in next 6 months.

The company is choosy in orders and operates in limited geography.

Not looking for any major capex barring maintenance capex of about Rs 20 crore. The earlier company's peak turnover was Rs 1700 crore and until then there is not major capex is required.

EBITDA margin looked at about 13-13.5 %.

Order value is on base price and the material cost is largely a pass through.

Kota Project – by month of end this project will be launched.

HSCC (India), the public sector contract service major is not providing any mobilization advance.