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Ahluwalia Contracts hosted a conference call on Feb 15, 2019 to discuss the performance of the company for the quarter as well as corresponding previous period.
Key takeaways of the call
Order book of the company as end of Dec 31, 2018 was Rs 5332 crore. Order intake in 9mFY19 was Rs 3529 crore and the company is L1 for orders worth Rs 1000 crore.
Delay in NGT clearance for 3 project in Bihar and project is NCR has affected the sales of Q3FY19 .The impact of the same for the quarter is to the tune of Rs 120 crore. All this delayed projects are from PSUs.
NCT has issued clearance for 3 project of Bihar on Feb 14, 2019.
The company is not expecting to close the current fiscal with a revenue growth of 15% as guided earlier. But the company now expects a revenue growth of around 10% for sure with EBITDA margin of 13%.
In next fiscal i.e. FY20, the company is confident of making up this shortfall of 5 percentage point of current fiscal. So the company expects a revenue growth of around 20% for FY20.
Capex expected for Q4FY19 was Rs 8-10 crore.
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