Capacit'e Infraprojects Ltd. Results

H1FY25 & Q2FY25 Result Announced for Capacit'e Infraprojects Ltd.

Construction & Engineering company Capacit'e Infraprojects announced H1FY25 & Q2FY25 results Q2Y25 Financial Highlights: Revenue from Operations for Q2FY25 stood at Rs 518 crore, up by 23% as compared to Rs 422 crore in Q2FY24. EBIDTA for Q2FY25 stood at Rs 101 crore, up by 30% as compared to Rs 77 crore in Q2FY24. EBIDTA margin for Q2FY25 stood at 19.3% as compared to 17.7% in Q2FY24. EBIT for Q2FY25 stood at Rs 79 crore, up by 60% as compared to Rs 50 crore in Q2FY24. EBIT margin for Q2FY25 stood at 15.2% as compared to 11.4% in Q2FY24. PAT for Q2FY25 stood at Rs 45 crore, up by 126% as compared to Rs 20 crore in Q2FY24. PAT margin for Q2FY25 stood at 8.6% as compared to 4.5% in Q2FY24. Gross Debt stood at Rs 343 crore as on Sep 30, 2024 as compared to Rs 343 crore as at March 31, 2024 with Gross Debt to Equity at 0.21x. Net Debt to Equity stood at 0.11x H1FY25 Financial Highlights: Revenue from Operations for H1FY25 stood at Rs 1,088 crore, up by 28% as compared to Rs 852 crore in H1FY24. EBIDTA for H1FY25 stood at Rs 217 crore, up by 42% as compared to Rs 153 crore in H1FY24. EBIDTA margin for H1FY25 stood at 19.7% as compared to 17.6% in H1FY24. EBIT for H1FY25 stood at Rs 173 crore, up by 71% as compared to Rs 101 crore in H1FY24. EBIT margin for H1FY25 stood at 16.1% as compared to 11.6% in H1FY24. PAT for H1FY25 stood at Rs 98 crore, up by 153% as compared to Rs 39 crore in H1FY24. PAT margin for H1FY25 stood at 8.9% as compared to 4.5% in H1FY24. Rohit Katyal, Executive Chairman, said: “Our Company has commenced the year on a positive note, achieving 28% YoY revenue growth from operations during H1FY25 alongside improvement in margins. The back-to- back strong quarterly performance sets the tone for the second half of the year wherein we anticipate further operational improvements. With central elections and monsoons behind us, we are witnessing further uptick in execution across our project sites. The improved execution has helped us in better absorption of fixed cost thereby leading to improved profitability. Over the past few years, we have successfully optimized our project portfolio, resulting in significant expansion of order size; reduction in projects under execution; increased revenue contribution per project; enhanced management efficiency leading to improvement in margin profile. On the order book front we have seen significant traction, both from private and public sector. We have so far been awarded projects worth Rs 1,459 crore during the current fiscal and are confident of achieving / surpassing our guided our order book addition for FY25. We have entered a high-growth phase, supported by a diversified order book from esteemed clients across public and private sectors. Leveraging our robust financial position and execution expertise, we are poised to establish new performance standards.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Capacit'e Infraprojects Ltd.

Construction & Engineering company Capacit'e Infraprojects announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations for Q4FY24 stood at Rs 599 crore, up by 34% as compared to Rs 447 crore in Q4FY24. EBIDTA for Q4FY24 stood at Rs 121 crore, up by 41% as compared to Rs 86 crore in Q4FY24. EBIDTA margin for Q4FY24 stood at 19.8% as compared to 19.1% in Q4FY23. EBIT for Q4FY24 stood at Rs 99 crore, up by 69% as compared to Rs 58 crore in Q4FY24. EBIT margin for Q4FY24 stood at 16.2% as compared to 13.0% in Q4FY23. PBT for Q4FY24 stood at Rs 73 crore, up by 97% as compared to Rs 37 crore in Q4FY23. PBT margin for Q4FY24 stood at 12.0% as compared to 8.3% in Q4FY23. PAT for Q4FY24 stood at Rs 52 crore, up by 139% as compared to Rs 22 crore in Q4FY23. PAT margin for Q4FY24 stood at 8.5% as compared to 4.8% in Q4FY23. FY24 Financial Highlights: Revenue from Operations for FY24 stood at Rs 1,932 crore as compared to Rs 1,799 crore in FY23. EBIDTA for FY24 stood at Rs 363 crore as compared to Rs 361 crore in FY23. EBIDTA margin for FY24 stood at 18.5% as compared to 20.0% in FY23. EBIT for FY24 stood at Rs 262 crore as compared to Rs 225 crore in FY23. EBIT margin for FY24 stood at 13.0% as compared to 12.4% in FY23. PBT for FY24 stood at Rs 167 crore as compared to Rs 136 crore in FY23. PBT margin for FY24 stood at 8.5% as compared to 7.5% in FY23. PAT for FY24 stood at Rs 120 crore, up by 26% as compared to Rs 95 crore in FY23. PAT margin for FY24 stood at 6.1% as compared to 5.3% in FY23. Gross Debt stood at Rs 326 crore as on March 31, 2024 as compared to Rs 370 with Gross Debt to Equity at 0.21x Net Debt stood at Rs 69 crore with Net Debt to Equity at 0.05x Order book on standalone basis stood at Rs 9,011 crore as of March 31, 2024. Public sector accounts for 69% while private sector accounts for 31% of the total order book. On the performance Rohit Katyal, Executive Director commented, “As we conclude FY24, we are pleased to report a period marked by significant achievements including the highest ever turnover and profitability both during Q4FY24 and year. The higher execution has helped us in better absorption of fixed cost thereby leading to improved profitability. The capital raised during the year has been strategically deployed to strengthen the execution across projects. Over the past few years, while our order book size has expanded significantly, our project under execution have reduced leading to higher revenue contribution per project, better management and improved margin profile. We are embarking towards a higher growth phase, backed by a diverse order book from distinguished clients in both public and private sector. The execution across projects has seen marked improvement and we believe the pace should further improve. We remain committed towards improving our working capital cycle and profitability. With strong financial alongside our execution prowess we are confident of setting up new performance benchmarks in the years to come”

Q3FY24 Quarterly & 9MFY24 Result Announced for Capacit'e Infraprojects Ltd.

Construction & Engineering company Capacit'e Infraprojects announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Revenue from Operations for Q3FY24 reached Rs 481 crore, compared to Rs 443 crore in Q3FY23. EBIDTA for Q3FY24 was Rs 89 crore, slightly down from Rs 90 crore in Q3FY23. The EBIDTA margin for Q3FY24 was 18.5%, compared to 20.1% in Q3FY23. EBIT for Q3FY24 stood at Rs 63 crore, up from Rs 56 crore in Q3FY23. The EBIT margin for Q3FY24 was 13.0%, compared to 12.4% in Q3FY23. PBT for Q3FY24 stood at Rs 41 crore, up from Rs 31 crore in Q3FY23. The PBT margin for Q3FY24 was 8.4%, compared to 6.9% in Q3FY23. PAT for Q3FY24 stood at Rs 30 crore, up from Rs 23 crore in Q3FY23. The PAT margin for Q3FY24 was 6.1%, compared to 5.1% in Q3FY23. Consolidated 9MFY24: Revenue from Operations for 9MFY24 stood at Rs 1,333 crore, slightly lower than Rs 1,352 crore in 9MFY23. EBIDTA for 9MFY24 was Rs 243 crore, down from Rs 275 crore in 9MFY23. The EBIDTA margin for 9MFY24 was 17.9%, compared to 20.3% in 9MFY23. EBIT for 9MFY24 stood at Rs 163 crore, down from Rs 167 crore in 9MFY23. The EBIT margin for 9MFY24 was 11.4%, compared to 12.3% in 9MFY23. PBT for 9MFY24 stood at Rs 94 crore, down from Rs 99 crore in 9MFY23. The PBT margin for 9MFY24 was 7.0%, compared to 7.3% in 9MFY23. PAT for 9MFY24 stood at Rs 69 crore, down from Rs 74 crore in 9MFY23. The PAT margin for 9MFY24 was 5.1%, compared to 5.4% in 9MFY23. Gross Debt stood at Rs 345 crore with Gross Debt to Equity at 0.27x. Net Debt stood at Rs 190 crore with Net Debt to Equity at 0.15x. On the performance, Rohit Katyal, Executive Director commented, “The current quarter is a milestone quarter in the Company’s history as we achieved the highest ever quarterly turnover and profit after tax. Over the past few years, while our order book size has expanded significantly, our project under execution has reduced leading to higher revenue contribution per project, better management, and improved margin profile. The overwhelming response to our Rs 200 crore Qualified Institutional Placement depicts Institutional Investor’s confidence in our business model. We are embarking towards a higher growth phase, backed by a diverse order book from distinguished clients in both the public and private sectors. The equity infusion and additional tie-up of non-fund-based limits from banks will further improve our liquidity position. This coupled with execution ramp-up across projects, will help us further improve our working capital cycle and profitability. With the healthy order book and sustained order inflow and our expertise in executing and delivering projects on time, we are optimistic that we shall witness healthy and sustainable growth.”

Q1FY24 Quarterly Result Announced for Capacit'e Infraprojects Ltd.

Construction & Engineering company Capacit'e Infraprojects announced Q1FY24 results: Revenue from Operations for Q1FY24 stood at Rs 430 crore as compared to Rs 477 crore in Q1FY23. EBIDTA for Q1FY24 stood at Rs 76 crore as compared to Rs 101 crore in Q1FY23. EBIDTA margin for Q1FY24 stood at 17.4% as compared to 21.0% in Q1FY23. EBIT for Q1FY24 stood at Rs 51 crore as compared to Rs 58 crore in Q1FY23. EBIT margin for Q1FY24 stood at 11.8% as compared to 12.2% in Q1FY23. PBT for Q1FY24 stood at Rs 26 crore as compared to Rs 38 crore in Q1FY23. PBT margin for Q1FY24 stood at 6.0% as compared to 8.0% in Q1FY23. PAT for Q1FY24 stood at Rs 19 crore as compared to Rs 28 crore in Q1FY23. PAT margin for Q1FY24 stood at 4.4% as compared to 5.2% in Q1FY23. Gross Debt stood at Rs 357 crore with Gross Debt to Equity at 0.33x Net Debt stood at Rs 191 crore with Net Debt to Equity at 0.17x The working capital cycle (excluding retention) stood at 120 days in Q1 FY 24 as compared to 100 days in March 2023. We are focused on a meaningful reduction in the working capital cycle during the current financial year. Order book on a standalone basis stood at Rs 10,245 crore as of March 31, 2023. The public sector accounts for 63% while the private sector accounts for 37% of the total order book. On the performance, Rohit Katyal, Executive Director commented, “The revenue and the resultant profitability was slightly lower due to delay in tying up the non-fund based banking limits. However, with the sanction of additional Working Capital limits of Rs 150 crore by SBI and an infusion of Rs 96.30 crore of Equity, the liquidity position has improved and the same would reflect in H2FY24. The project ramp-up has gained momentum and should start reflecting in numbers during the second half of the current financial year and onwards. We raised capital in Q2FY24, which will be strategically utilized to fuel our future growth and fortify our operational capabilities, allowing us to deliver exceptional value to our clients and stakeholders. With the healthy order book and sustained order inflow and our expertise in executing and delivering projects on time, we are optimistic that we shall witness healthy and sustainable growth. We will continue to expand our reach, invest in our talent pool and unlock efficiencies to deliver a robust performance year after year. Over the years, we have built from strength to strength, enhancing our capabilities while meeting our client’s expectations. However, what truly sets us apart is our flexibility to embrace emerging opportunities and make the most of them. We have remained agile in our approach and adapted ourselves in response to market trends, evolving into an end-to-end construction service provider. With a commitment to delivering excellence, we have always focused on ensuring timely execution while meeting industry benchmarks and going beyond. This comprehensive approach has garnered trust from both public and private sector clients, making us a trusted partner in the building construction industry.”