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Nila Infrastructures Ltd board reports Q4, FY19 results

Posted On: 2019-05-22 14:22:00

The Board of Directors of Nila Infrastructures Ltd. (BSE: 530377/NILA; NSE: NILAINFRA) at its meeting, held at Ahmedabad on May 20, 2019, approved the Audited Financial Results for the quarter and year ended on March 31, 2019.

Standalone Financial highlights for quarter ended March 31, 2019:

Standalone Revenue for Q4-FY2019 increased to Rs. 760.2 million from Rs. 546.0 million in the corresponding previous quarter, as certain projects started contributing from Q4, while others have gathered the pace. On the profitability front, the EBITDA for Q4-FY2019 increased by 43%, i.e. from Rs. 84.4 million to Rs. 121.1 million with an EBITDA margin of 16.38%. The Profit after Tax is Rs. 74.0 million.

Standalone Financial highlights for FY2019:

Standalone Revenue for FY2019 has increased by 6% to Rs. 2,340.9 million from Rs. 2,216.4 million in the previous corresponding period, as the Company has efficiently subdued the consequence of GST as well as state election in Rajasthan. On the profitability front, the EBITDA has witnessed a marginal reduction by 91 bps, i.e. from Rs. 379.5 million to Rs. 379.3 million with an EBITDA margin of 16.80%. The Profit after Tax is Rs. 221.7 million.

At March 31, 2019, the Standalone Networth is Rs. 1,250.1 million and Standalone Gross Debt is Rs. 1,219.5 million, while the Cash and Bank Balances on standalone basis is Rs. 70.3 million. The Net debt to Net worth computes 0.92x.

Commenting at this juncture Mr. Deep Vadodaria, Chief Operating Officer said: "This has been the most phenomenal quarter with booking of the highest revenue in the history of the Company, and it is also true for the financial year, too. The Company has not only made-up for the lag it faced during 9M-FY2019, but has also grown - though marginally. Considering certain events viz. applicability of inclusive of GST billing for the previously awarded ongoing contracts and the state election in Rajasthan, we are glad to have achieved the growth - per se. We have secured fresh orders worth net Rs. 3,376.8 million during FY2019, while the confirmed unexecuted order-book of Rs. 6,476.5 million provides revenue visibility of further three (3) years. We are confident to accelerate the growth momentum with sustainable profit margins and are confidently assured about a very promising FY2020."

With fresh net inflow of orders worth Rs. 3,376.8 million during FY2019, the Company has built a robust order-book. The total confirmed-unexecuted Order Book is Rs. 6,476.5 million.

Shares of NILA INFRASTRUCTURES LTD. was last trading in BSE at Rs.7.04 as compared to the previous close of Rs. 6.56. The total number of shares traded during the day was 1276336 in over 1903 trades.

The stock hit an intraday high of Rs. 7.87 and intraday low of 6.56. The net turnover during the day was Rs. 9424940.

Source: Equity Bulls

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