The net sales for 9M FY11 has increased by 45% to Rs 616.15 crore The OPM has increased by 55 basis points to 15.6% leading to 50% rise in operating profit to Rs 96.07 crore. The net profit increased by 87% to Rs 46.63 crore due to rise in top line and margin.

Consolidated performance for quarter ended December 2010

The net sales has increased by 63% to Rs 267.74 crore led by a significant work completion on road projects in MP, Delhi and Bihar. The OPM has increased by 129 basis points to 15.8% leading to 77% rise in operating profit to Rs 42.20 crore.

The interest cost increased by 38% to Rs 9.94 crore. The depreciation has increased by 17% to Rs 2.45 crore. The profit before tax grew by 103% to Rs 29.88 crore.

The tax outgo has increased by 60% to Rs 6.77 crore. The net profit increased by 119% to Rs 23.11 crore due to rise in top line and margin.

Consolidated performance for nine months ended December 2010

The net sales has increased by 45% to Rs 616.15 crore The OPM has increased by 55 basis points to 15.6% leading to 50% rise in operating profit to Rs 96.07 crore.

The interest cost increased by 14% to Rs 25.89 crore. The depreciation has increased by 19% to Rs 7.15 crore. The profit before tax grew by 77% to Rs 63.37 crore.

The tax outgo has increased by 53% to Rs 16.74 crore. The net profit increased by 87% to Rs 46.63 crore due to rise in top line and margin.

Valuation

The stock hovers around Rs 183.8.

The promoter holding in the company is at 57.32%.