Generic Engineering Construction and Projects bags Rs. 63 crore order

ANI | Updated: Sep 19, 2017 15:26 IST

New Delhi [India], Sep 19 (ANI-NewsVoir): BSE listed ,Generic Engineering Construction and Projects Ltd. an established civil contracting company in India with over five decades of experience and more than 200 projects completed has bagged orders worth Rs 63 crore from various reputed clients, viz Golden Reality (Affordable Housing Project) has awarded project at Mumbai worth approx. Rs. 41 crores and Aadi Properties LLP (Finishing Work) has awarded project at Kanjurmarg - Mumbai worth Rs. 22 crores.

"Our Q1 FY18 results have been in line with our growth expectation. Generic was able to withstand the demonetization period by achieving a 13 percent revenue growth and were also able to improve operational margins and reduced the interest cost. The company expects to improve margins by adding Design and Build and giving other value added services and expect RERA to have a positive impact on the Real Estate industry in terms of operations, cash flows and transparency. Government push for Affordable housing and Smart city projects will offer ample of high growth opportunities to the company. The company's current order book's total value stands at approximately 360 crore," said managing director, Manish Ravilal Patel.

Total Income increased by 1396 to Rs. 4,353 Lacs (Rs. 3,847 Lacs in Q4 FY2017) EBITDA increased by S4.5P» to Rs. SJB Lacs (Rs. 326 Lacs in Q4 FY2017) EBITDA Margin stood at 11.7P« in QI FY2017 (8.6P« in Q4 FY2017)

Net Profit after tax increased by 66.7 percent to Rs. 304 Lacs (Rs. 180 Lacs in Q4 FY2017) PAT Margin stood at 6.9 percent in QI FY2018 (4.796 in Q4 FY2017)

Basic and Diluted Earnings Per Share stood at Rs. 1.86 in Q1 FY2018 (Rs. 1.10 in Q4 FY2017)"

GENERIC constantly strives to innovate and deliver quality and cost effectiveness to its Clients. GENERlC's core business is providing services for civil construction and infrastructure projects on various models ranging from Design, Build, Operate and Transfer (DBOT); Build, Dwn, Operate and Transfer (BOOT); and Build, Own, Lease and Transfer (BOLT). GENERIC aims at becoming a world class civil construction and infrastructure company committed to quality work, timely completion, customer satisfaction, continuous learning and enhancement of the stakeholders' value. (ANI-NewsVoir)