Capacite Infraprojects Ltd bags repeat orders worth Rs 350 crore

Mumbai-based Infrastructure Company, Capacite infraprojects, has received repeat orders amounting to Rs 350.17 crore from Marquee private sector client, under its commercial and institutional portfolio.

The company has recently come up with its financial numbers for the quarter ended December 31, 2019. The company’s overall revenue for Q3FY19 was Rs 459 crore as against Rs 375 crore in Q3FY18, representing 22 per cent growth.

Capacite’s EBITDA for the quarter stood at Rs 71 crore, up by almost 23 per cent from the corresponding quarter of the previous year. Its EBITDA margin for the quarter remained largely flat at 15.5 per cent, as compared to 15.4 per cent in Q3FY18.

However, the net profit for the quarter increased marginally by 5.3 per cent yoy to Rs 23.9 crore. The net profit margin dipped to 5.2 per cent from 6.1 per cent in Q3FY18. The increase in finance cost (Rs 11.74 crore in Q3FY19 vs Rs 9.73 crore in Q3FY18) restricted the growth of PAT.

Capacite’s order book (excluding MHADA) as on December 31, 2018, stood at Rs 7,519 crore. This strong order book gives a revenue visibility for the next four to five years. The residential segment contributes nearly 77 per cent to the order book, while the commercial and institutional segment contributes around 23 per cent.

Today, the stock opened at Rs 204, up by 1 per cent from its previous close of Rs 186.25 on BSE.