HG Infra Reports Results For Quarter Ended June 30, 2018
HG Infra Engineering Limited, a leading player in the road construction sector, has reported results for first quarter FY19.
Total revenue for the quarter ended June 30, 2018 stood at Rs 4,502 Mn, as compared to Rs 3,310 Mn in the same period last year, a growth of 36% Y-o-Y. The growth has been on account of higher execution.
EBITDA in Q1FY19 stood at Rs 671 Mn as compared to Rs 461 Mn in the corresponding quarter of last year, up 46% Y-o-Y. EBITDA margin improved from 13.9% in Q1FY18 to 14.9% in Q1FY19. Improvement in margins reflects improved operational efficiency.
The company reported Net Profit after Tax of Rs 270 Mn for Q1FY18, as compared to Rs 194 Mn in the corresponding quarter of last year, growth of 39%. PAT margin stood at 6.0% in Q1FY19.
Order inflow during the quarter was Rs. 11,721 Mn for the six-laning of the Hapur bypass to Moradabad section in UP. The unexecuted Order book as on June 30th, 2018 stood at Rs 53,058 Mn. Out of the total order book, 89% are EPC contracts and 11% are HAM projects. In terms of state wise, break is as follows; 40% is from Rajasthan, followed by 26% from Maharashtra and 22% from Uttar Pradesh and remaining from Uttarakhand, Haryana and Arunachal Pradesh.
Commenting on the performance, Mr Harendra Singh, Chairman & Managing Director, HG Infra Engineering Limited said “We continue to be optimistic about growth prospects in the road construction space. We have reported robust performance during the quarter with 36% growth and EBITDA margins at 14.9%. Our order book is strong at Rs 53,058 million, which gives us a good visibility of similar robust growth going forward. We are very confident that our business model built around complete integration, strong cost control measures and efficiencies will help us in achieving profitable growth in years to come”.