No slowdown post DMRC mishap: Gammon India
Pervez Umrigar, MD of Gammon India said that there is not seen any slowdown post the DMRC mishap. The company is raising $ 200 million probably via QIP. These funds will be used for construction & transmision line business and acquisitions.
He further said that the company is expected to maintain margins for FY10. Oman project is complete as of now, he added.
Gammon India Q2FY10 (YoY) net sales stood at Rs 937.52 crore vs Rs 513.15 crore, OPM stood at 9.9% vs 7.10% and PAT stood at Rs 44.08 crore vs Rs 10.30 crore. Total expenditure cost was higher by 81% at Rs 888.22 crore. Higher other income stood at Rs 15 crore vs Rs 2.02 crore. Interest costs stood high at Rs 38.18 crore vs Rs 15.50 crore. Forex gain was of Rs 8.66 crore vs Rs 7.84 crore.
No related posts.
Subscribe to Stock Market Today