Capacit'e Announces Robust Q2FY22 EBITDA stood at ₹ 65.2 crores with margins of 18.8%
Healthy Orderbook of ₹ 8,776 Crores
by Shrutee K
Mumbai, November, 2021: Capacit'e Infraprojects Limited (“Company”), a fast-growing construction company providing end to end services for residential, commercial and Institutional building with presence in Mumbai Metropolitan Region (MMR), Pune, Chennai, National Capital Region (NCR), Varanasi, Kochi, Hyderabad and Bengaluru today announced its financial results for the quarter ended 30th September 2021.
Outlook: As of September 30, 2021, the company had an orderbook of Rs. 8,776 Crores. Demand has picked up in the Quarter 2, continuing where it left off before the second COVID wave, and has absorbed a large portion of completed and near-complete inventories across markets.
Public Sector Orderbook: ~60% of the order book comprises public sector orders. The organisation is confident in its ability to complete the project within the specified timeframes.
CIDCO Project: With a robust recovery in the market, the company's flagship project with CIDCO saw improved execution in Quarter 2.
Private Sector Orderbook: ~40% of the order book comprises private sector orders. These projects are being executed at a good pace and the Company is looking at completing these projects at the earliest
Standalone Performance highlights for Q2FY22:
Total Income for Q2FY22 is ₹ 347.4 Crores. Efficiency has been enhanced leading to improved execution and a solid demand.
EBITDA stood at ₹ 65.2 crores with margins of 18.8%. Various Cost control measures led to stability in our margins during the quarter
Profit after Tax stood at ₹ 17.2 crores.
Debt stood at comfortable levels with our Gross Debt at ₹ 288 crores.
Our Net Debt remained stable at ₹ 89.3 crores in compared to ₹ 77.9 in Q1FY22 with Net Debt to Equity at 0.09x
In the second quarter of FY22, strong collection efficiency brought in ₹ 305 crores.
As of September 30, 2021, the total orderbook (public+ private) excluding MHADA was ₹ 8,776 crores. The Residential segment accounts for ~28% of the orderbook, Commercial & Institutional at ~17% and Mixed-Use at ~55%.
On the performance Mr. Rohit Katyal, Executive Director & CFO commented, “The trend of rising residential real estate sales volume continues in Q2FY22, despite the lockdown-related restrictions in Q1FY22. Housing prices have remained stable in most cities. Lower interest rates, lower property prices, better household savings, and a shift in people's preferences toward larger homes and established developers has encouraged real estate sales.
The pace of execution on both public and private projects improved throughout the quarter. Our focus will be on execution and managing our working capital efficiently with strict cost control measures in order to generate value creation for our stakeholders.
In the absence of a further CoVID-19-related setback, our ability to execute on our large, healthy order book in the coming quarters, which will demonstrate our true potential. With great enthusiasm, we continue to develop our bid pipeline for both domestic and international orders.”
About Capacite 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