Capacit’e Infraprojects delivers strong financial performance

Capacit’e Infraprojects delivers strong financial performance
15/05/2019 , by , in News/Views

Capacit’eInfraprojects Limited, an EPC company focused on High Rises & Super High Rises and providing end to end services for residential, commercial and Institutional building with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Kochi, Hyderabad and Bengaluru today announced its Audited Financial results for the quarter and full year ended March 31, 2019.

Performance highlights for Q4 & FY19

Total Income for FY19 grew by 34% to ₹ 1,825 Crores as compared to ₹ 1,360 Crores in FY18. The Total Income for Q4 FY19 was ₹ 507 Crores as compared to ₹ 390 Crores in Q4 FY18, showing a growth of 30%.

EBITDA for FY19 grew by 25% to ₹ 285 Crores as compared to ₹ 228 Crores in FY18. EBITDA for Q4 FY19 was ₹ 77 Crores as compared to ₹ 71 Crores in Q4 FY18, posting a growth of 7%. EBITDA margin for FY19 was at 15.6% and for Q4 FY19 was at 15.1%.

Finance cost as a percentage of Total Income has declined to 2.7% in FY19 from 2.9% in FY18. Finance cost for FY19 is ₹ 49 Crores as compared to ₹ 40 Crores in FY18.

Depreciation and amortisation expense for FY19 stood at ₹ 89 Crores as compared to ₹ 67 Crores in FY18. The capex spends towards Core Assets in FY19 stood at ₹ 89 Crores.

PAT for FY19 grew by 21% to ₹ 96 Crores as compared to ₹ 79 Crores in FY18. Diluted EPS for FY19 stood at ₹ 14.08 per equity share. PAT for Q4 FY19 was ₹ 26 Crores as compared to ₹ 22 Crores in Q4 FY18, growing by 16%.

Cash PAT for FY19 was ₹ 198 Crores as compared to ₹ 161 Crores during FY18, growing by 23%. Cash PAT for Q4 FY19 stands at ₹ 59 Crores, whereas it was ₹ 62 Crores during Q4 FY18.

Board of Directors have recommended a Final Dividend of Rs. 1/ share on a FV Rs. 10/-

Total collections during FY19 is ~₹ 1,745 Crores.

On the performance Rohit Katyal, Executive Director & CFO commented, “FY19 was a challenging year for the construction industry, as it faced various headwinds in the form of Liquidity crisis in the NBFC sector, the NGT issues in the north, etc.

Despite these challenges, Capacit’e not only managed to grow by 34% YoY but also received highest order inflow of ₹ 3,629 Crores. ~50% of the orders are Repeat orders from existing clients. This demonstrates the faith exhibited by our clients in our capabilities.

With the rising market share of Tier 1 Organized Real estate Developers, many of whom are our clients, and increasing opportunities in the Commercial & Institutional space we remain confident of carrying the positive momentum in times to come.”

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