Out of the total revenue (on a standalone basis) during the quarter, EPC (engineering,procurement, and construction) road contributed ₹1,410 crore, power sector ₹222 crore, railway ₹163 crore, andremaining ₹190 crore from others. For FY23, EPC (engineering, procurement, and construction) road contributed ₹4,393 crore, power sector ₹675 crore, railway ₹640 crore, RMC (ready mix concrete)
₹217 crore and remaining ₹413 crore from other verticals.
• As on 31st March 2023, the total order book of the company stands at ₹15,805 crore. Out of thetotal order book, the contribution across segments were: Road EPC ~₹1,728 crore, Buildings EPC ~₹2,221, Road HAM (hybrid annuity modal) ~₹6,318 crore, Power T&D (transmission and
distribution) & others ~₹3,965 crore, Railways ~₹1,549 crore and remaining ₹25 crore from CGD (citygas distribution).
• Region wise order book was north 5.8%, south 28%, east 6.7%, west 15.2%, central 19.8%, northeast 5.9%, and overseas 18.6%.
• The company received additional projects after March 2023 worth ₹2,285 crore.
During the quarter, the BOT (build operate transfer) division recorded a toll collection of ₹309.9
crore as compared to ~₹269 crore in Q4 FY22.
• The equity component of recent HAM projects for FY24 and FY25 was in total of ₹169 crore.
• Toll rate hike for FY23 was 10.5%
FUTURE OUTLOOK
• The management guided for a revenue growth of 22%-25% in FY24.
• It is planning to reduce the debt level in the upcoming years, subject to the level of monetization of assets.
• They envisage that the order book would cross ₹20,000 crore in FY24.
• The working capital debt would continue to be there in the books of the company and it may also rise due to increased turnover.
• Cost of funds would remain at similar levels or might decrease, going forward.
• The company would be bidding for various projects of expressways and railways worth ₹20,000 crore each by the end of Q1 FY24.
• They are planning to do a capex of ₹80-₹85 crore in FY24.
• In FY24, the company expects cashflow of ₹450 crore from Chennai ORR (outer ring road) project and ₹300 crore (net) from Jaora-Nayagaon project.
₹217 crore and remaining ₹413 crore from other verticals.
• As on 31st March 2023, the total order book of the company stands at ₹15,805 crore. Out of thetotal order book, the contribution across segments were: Road EPC ~₹1,728 crore, Buildings EPC ~₹2,221, Road HAM (hybrid annuity modal) ~₹6,318 crore, Power T&D (transmission and
distribution) & others ~₹3,965 crore, Railways ~₹1,549 crore and remaining ₹25 crore from CGD (citygas distribution).
• Region wise order book was north 5.8%, south 28%, east 6.7%, west 15.2%, central 19.8%, northeast 5.9%, and overseas 18.6%.
• The company received additional projects after March 2023 worth ₹2,285 crore.
During the quarter, the BOT (build operate transfer) division recorded a toll collection of ₹309.9
crore as compared to ~₹269 crore in Q4 FY22.
• The equity component of recent HAM projects for FY24 and FY25 was in total of ₹169 crore.
• Toll rate hike for FY23 was 10.5%
FUTURE OUTLOOK
• The management guided for a revenue growth of 22%-25% in FY24.
• It is planning to reduce the debt level in the upcoming years, subject to the level of monetization of assets.
• They envisage that the order book would cross ₹20,000 crore in FY24.
• The working capital debt would continue to be there in the books of the company and it may also rise due to increased turnover.
• Cost of funds would remain at similar levels or might decrease, going forward.
• The company would be bidding for various projects of expressways and railways worth ₹20,000 crore each by the end of Q1 FY24.
• They are planning to do a capex of ₹80-₹85 crore in FY24.
• In FY24, the company expects cashflow of ₹450 crore from Chennai ORR (outer ring road) project and ₹300 crore (net) from Jaora-Nayagaon project.