• Execution of strong order book has resulted in 10% growth in operational income to Rs 1901.14 crore.
• The operating profit margin was down by 50 bps to 8.7% compared to 9.2% in corresponding previous period. This is largely as lower material cost was more than offset by rise in other cost heads. While material cost was down by 940 bps to 40.2%, the subcontract charges and other construction expenses were up by 720 bps and 170 bps respectively to 33. % and 11.5%. The staff cost and other expenses were up by 30 bps and 10 bps to 3.9% and 2.5% respectively.
• Other income was down by 46% to Rs 28.62 crore. The interest cost was down by 26% to Rs 93.98 crore. The depreciation was up by 2% to Rs 27.74 crore. But with interest cost and depreciation stand lower as proportion to operating profit, the PBT was up by 27% to Rs 72.64 crore. After accounting for higher taxation the PAT was up by 26% to Rs 52.34 crore.
• The other comprehensive income net of tax was up by 23% to Rs 8.52 crore and the net profit after OCI was up by 26% to Rs 60.86 crore.

Order intake during the first quarter ended June 2016 was Rs 3620 crore and thus the order backlog as end of June 30, 2016 stood at Rs 19045 crore, a growth of 8%yoy.

The stock hovers around Rs 85.90.