Key takeaway of the conference call

Booked orders worth Rs 1278 crore in Q1FY16 and of which about Rs 1014 crore from building division and Rs 254 crore from water division. The order book as end of June 30, 2015 was Rs 18727 crore.

Expects standalone revenue of Rs7800-7900 crore for FY16. The sales of FY15 had the benefit of higher contribution from power project at about Rs 3100 crore and current fiscal will have at a maximum of Rs 1200 crore. So excluding the contribution of power a topline growth of 18-19% is expected for FY16.

EBITDA margin continue to improve from about 6.6% in FY14 to 7.8% in FY15 and in Q1FY16 the company clocked an EBITDA margin of 8.9%. Expects an EBITDA margin of 8.75%-9% for FY16 as a whole.

Debt at the end of current fiscal was expected to be below Rs 2000 crore from about Rs 2222 crore as end of June 2015.

The company sold a land parcel in Hyderabad in Q1FY16 and the sales value is Rs 24.6 crore and the profit on it is Rs 12 crore. To avoid capital gain tax the sale realization is accounted as part of real estate operations and show in operating income.

The company is expecting to divest 2 road projects. The power project sales is expected to get completed in 3-4 months and once that happens the company will get an additional money of Rs 200-210 crore to the company.

The company is expected to receive RS 400 crore including the Rs 100 crore from NCC Urban to the parent company. This will be used to retire the debt.

Aggregate sale of subsidiaries and JV in Q1FY16 was Rs 272.2 crore and the loss was Rs 38.6 crore.

The Muscat subsidiary has 3 projects i.e. one villa projects, one road project in advanced stage of completion and one new road project worth Rs 2200 crore. As the new road project is yet to generate substantial revenue and profit the financials strained. Further there is a claim yet to be received in cash. The company expects the loss/set-back in Q1FY16 at Muscat subsidiary will be recouped in balance period of current fiscal as from Q2FY16 onwards there will be improvement in revenue and profits. Currently there are no big projects in Dubai subsidiary.

Loans to the subsidiary company is about Rs 1354 crore as end of June 201