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GPT Infraprojects limited Earnings Release 2019
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Earnings Release
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GPT Infraprojects Limited
Regd. Office: GPT Centre, JC - 25, Sector-III, Salt Lake, Kolkata-700 098, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 E-mail: [email protected] Visit us: www.gptgroup.co.in
GPTINFRA/CS/SE/2018-19/5292
The Department of Corporate Services BSE Limited Phirojee Jeejeebhoy Towers Floor No.25, Dalal Street Mumbai - 400001
Scrip Code: 533761
ISIN: INE390G01014
14th February, 2019
Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot - $C/1$ , Block - G Bandra Kurla Complex, Bandra (E) Mumbai - 400051 Scrip Symbol: GPTINFRA
Subject: Q3 FY 19 Earnings Press Release.
Dear Sir /Madam,
In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly find enclosed herewith a copy of Press Release of the Company on the financial results for the Quarter and Nine Months ended 31st December, 2018.
Kindly take the aforesaid information on record and oblige.
Yours truly,
For GPT Infraprojects Limited
Cheeler A B Chakrabartty Company Secretary M. No. FCS- 7184
Encl: $a/a$ .
GPT INFRAPROJECTS LIMITED
CIN: L20103WB1980PLC032872
Regd. Office: GPT Centre, JC-25, Sector III, Salt Lake Kolkata - 700 098, West Bengal, India Phone: +91 33 4050 7000 Email: [email protected]
GPT INFRA Reports Third Quarter F'19 Results
Revenue grows 20.1% y-o-y for the quarter ended December 31, 2018
Announces Interim Dividend of Rs 2 per share (20%)
Kolkata, February 14, 2019: GPT Infraprojects Limited (GPT) (BSE: 533761; NSE: GPTINFRA) reported third quarter financial results ended December 31, 2019. Consolidated total income was Rs 1,422.3 million compared with Rs 1,183.9 million in Q3 F'18. EBITDA came in at Rs 204.2 million against Rs 238.2 million in Q3 F'18. Net profit (post minority) for the period stood at Rs 20.4 million compared with Rs 61.7 million in the corresponding quarter last year.
The Board announced an interim dividend of 20%, i.e., Rs 2.0 per equity share
Key Financial Highlights for Nine Months ended December 31, 2018:
- Consolidated Total income was higher by 17.3% to Rs 4,157.0 million
- Consolidated EBITDA was Rs 610.4 million with margin at 14.7%
- Bagged Rs 6.3 billion in orders for infrastructure and concrete sleeper
- Additionally, lowest bidder (L1) for contracts worth Rs 2 billion
- Order backlog, excluding L1 contracts stands at Rs 20.6 billion
Segment Performance:
Infrastructure:
Infrastructure segment recorded revenue of Rs 1,040 million for the quarter ended December 31, 2018, compared with Rs 790 million a year earlier. The segment accounted for 75.4% of the net revenue from operations for the year.
Sleeper:
Sleeper segment registered revenue of Rs 339 million for the quarter ended December 31, 2018, compared with Rs 345 million a year earlier. The segment contributed for 24.6% of the net revenue from operations.
GPT Chairman, Mr. Dwarika Prasad Tantia, said, "The Quarter and the first Nine Months of the fiscal have seen improvement in execution of existing order book in both - sleeper business (India and Africa) and infrastructure segment (India). While the traction in project ordering activity has mellowed a tab bit in past quarter, our total order intake for the current fiscal remains strong at Rs 6.3 bn (excluding L1 of Rs 2 bn) in 9M F'19 as against Rs 6 bn in full year FY18. Further, as our credential of handling projects involving massive volume increases, it will also help us to qualify to bid for larger contracts in future. Consequently, we expect to report considerable uptick in revenue in both infrastructure and our concrete sleeper DFCC factories. Our cash flows continue to improve and we remain confident to return more value to our shareholders."
| Financial summary | Quarter Ended | |
|---|---|---|
| Dec 2018 | Dec 2017 | |
| Total income | 1422.3 | 1183.9 |
| EBITDA | 204.2 | 238.2 |
| EBITDA Margin | 14.4% | 20.1% |
| PAT (post minority interest) | 20.4 | 61.7 |
| PAT Margin | 1.4% | 5.5% |
| Earnings per share | 0.70 | 2.12 |
(` in million, except per share data)
About GPT Infraprojects Limited: GPT Infraprojects Limited, the flagship company of GPT Group, is a premier infrastructure company based out of Kolkata. GPT, incorporated in 1980, operates through two segments – Infrastructure and Sleepers. The company made inroads into the infrastructure segment in 2004 and is now an established Railway focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa. GPT is the only Indian company which has presence in several countries for its concrete sleeper business viz. South Africa, Namibia, Bangladesh and Sri Lanka.
GPT has strong project execution capabilities, healthy financial base, and enviable growth prospects across all areas of operation. Total unexecuted net order book stands at Rs 20.6 billion. The company's sleeper manufacturing units are located at Panagarh (West Bengal, India), Ramwa and Pahara (Uttar Pradesh, India), Ladysmith (KZN, South Africa), and Tsumeb (Namibia).
GPT Infraprojects Limited is listed on National Stock Exchange of India Limited and BSE Limited under Symbol: GPTINFRA, and Scrip Code: 533761, respectively. For more information about the company, please visit http://www.gptinfra.in
For further information, contact:
GPT Infraprojects Ltd | Phone: +91 33 4050 7000 | Email: [email protected]