Capacit'e Infraprojects Limited — Earnings Release 2023

May 26, 2023

Digitally signed Rohit Katyal by Rohit Katyal Date: 2023.05.26 18:38:39 +05'30'

Investor Release

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Capacit'e Infraprojects Limited Q4 & FY23 Results Release

Robust Project Execution Revenue for FY23 grew by 34% Y-O-Y to ₹ 1,791 crores EBIT for FY23 grew by 69% Y-O-Y to ₹ 224 crores PAT for FY23 grew by 95% Y-O-Y to ₹ 94 crores

Mumbai, May 26, 2023: Capacit'e Infraprojects Limited (“Company”), a fast-growing construction company providing end to end services for residential, commercial, and Institutional building with a presence in Mumbai Metropolitan Region (MMR), Gandhinagar, Pune, Goa, Chennai, National Capital Region (NCR), Kochi, Hyderabad and Bengaluru today announced its Audited Financial results for the quarter and year ended March 31, 2023.

Key Financial Highlights are as follows:

Particulars(₹ In Cr)	Q4FY23	Q4FY22	Y-O-Y	FY23	FY22	Y-O-Y
Revenue fromOperations	439	347	27%	1,791	1,340	34%
EBIDTA	85	58	46%	360	232	56%
EBIDTA Margin	19.4%	16.7%		20.0%	17.1%
EBIT	58	33	77%	224	133	69%
EBIT Margin	13.2%	9.4%		12.4%	9.8%
PBT	36	16	131%	135	66	105%
PBT Margin	8.3%	4.5%		7.5%	4.9%
PAT	21	11	88%	94	48	95%
PAT Margin%	4.8%	3.2%		5.2%	3.6%
Cash PAT	47	37	26%	239	149	61%
Cash PAT Margin%	10.7%	10.7%		13.3%	11.0%

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Revenue from Operations ( ₹ in Cr) EBIT ( ₹ in Cr) PAT ( ₹ in Cr)
FY22 FY23 FY22 FY23 FY22 FY23
1,791 224 94
48
1,340 133
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Performance highlights for Q4 FY23

Revenue from Operations for Q4 FY23 grew by 27% to ₹ 439 crores as compared to ₹ 347 crores in Q4 FY22.

EBIDTA for Q4 FY23 grew by 46% to ₹ 85 crores as compared to ₹ 58 crores in Q4 FY22. EBIDTA margin for Q4 FY23 stood at 19.4% as compared to 16.7% in Q4 FY22. s

EBIT for Q4 FY23 grew by 77% to ₹ 58 crores as compared to ₹ 33 crores in Q4 FY22. EBIDTA margin for Q4 FY23 stood at 13.2% as compared to 9.4% in Q4 FY22.

PBT for Q4 FY23 grew by 131% to ₹ 36 crores as compared to ₹ 16 crores in Q4 FY22. PBT margin for Q4 FY23 stood at 8.3% as compared to 4.5% in Q4 FY22.

PAT for Q4 FY23 grew by 88% to ₹ 21 crores as compared to ₹ 11 crores in Q4 FY22. PAT margin for Q4 FY23 stood at 4.8% as compared to 3.2% in Q4 FY22.

Performance highlights for FY23

Revenue from Operations for FY23 grew by 34% to ₹ 1,791 crores as compared to ₹ 1,340 crores in FY22.

EBIDTA for FY23 grew by 56% to ₹ 360 crores as compared to ₹ 232 crores in FY22. EBIDTA margin for FY23 stood at 20.0% as compared to 17.1% in FY22.

EBIT for FY23 grew by 69% to ₹ 224 crores as compared to ₹ 133 crores in FY22. EBIT margin for FY23 stood at 12.4% as compared to 9.8% in FY22.

PBT for FY23 grew by 105% to ₹ 135 crores as compared to ₹ 66 crores in FY22. PBT margin for FY23 stood at 7.5% as compared to 4.9% in FY22.

PAT for FY23 grew by 95% to ₹ 94 crores as compared to ₹ 48 crores in FY22. PAT margin for FY23 stood at 5.2% as compared to 3.6% in FY22.

Gross Debt stood at ₹ 366 crores with Gross Debt to Equity at 0.34x

Net Debt stood at ₹ 183 crores with Net Debt to Equity at 0.17x

The working capital cycle (excluding retention) improved from 117 days in March 2022 to 105 days in March 2023, indicating a positive trend. We are focused towards meaningful reduction in working capital cycle during the current financial year.

The Company continued its focus on increasing execution across projects.

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Order book on standalone basis stood at ₹ 9,513 crores as of March 31, 2023. Public sector accounts for 70% while private sector accounts for 30% of the total order book.

On the performance Mr. Rohit Katyal, Executive Director & CFO commented , “The performance for FY 2023 has been remarkable as we continued to accelerate profitable growth and build our position as a leading building EPC company. 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 a 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.

Our judicious efforts have enabled us to become an end-to-end construction service provider with a reputation for delivering impeccable quality and ensuring timely execution of projects. Backed by a growing customer base and the dedication to hone our expertise further with the implementation of new-age processes, we are on the right track to deliver growth with prudence.

The strong impetus from the Government for housing sector in the recent budget announcement and favourable policies are very positive for the sector and overall economy.

The project awarding has seen an uptick and likely to gain further momentum in coming quarters. We are confident of achieving our guided order booking for the current financial year. Our robust execution capabilities coupled with strong repository of asset base enabling efficient execution reflected in strong revenue growth.”

About Capacit'e Infraprojects Limited

Capacit'e Infraprojects Limited (Capacit'e/the Company) has etched a name for itself as a quality contractor in the buildings space. Today, it is working with almost all major real estate developers in the country. Capacit'e has been rapidly emerging as a marquee contractor in the building space with good repute. The Company’s sharp focus on the single segment of buildings, with an emphasis on technology, a robust asset base and the promoters’ rich experience in the EPC space have enabled it to scale up quickly in the building space and become a well-respected player. Capacit'e provides end-to-end construction services for High Rise and Super High-Rise Buildings, Townships, Mass Housing, etc. in the residential space, Office Complexes, IT & ITES Parks in the commercial space and Hospitality, Healthcare Facilities, Industrial Buildings, MLCPs in the institutional space.

For more information please visit www.capacite.in

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Safe Harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

Company	Investor Relations Advisors
Capacit'e Infraprojects Limited Name: Mr. Alok Mehrotra Designation – ED - Finance Email id:ir@capacite.in	Marathon Capital Advisory Pvt. Ltd. Name: Mr. Amit Porwal / Mr. Rahul Porwal Email id:amit@marathoncapital.in / rahul@marathoncapital.in Tel No:+91 9819773905 /+91 9967576900

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