Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Nila Infrastructures Ltd announces Q1 FY20 results

Posted On: 2019-08-13 11:13:30

The Board of Directors of Nila Infrastructures Ltd (BSE: 530377/NILA; NSE: NILAINFRA) at its meeting held at Ahmedabad on August 12, 2019, approved the Unaudited Financial Results for the quarter ended June 30, 2019.

Standalone Financial highlights for quarter ended June 30, 2019:

- Standalone Revenue of the Company increased by 3.98% to Rs. 549.4 million from Rs. 528.3 million as compared to the corresponding quarter of the previous year. On the profitability front, the EBIDTA for Q1-FY2020 has witnessed an increment 11.61% i.e. from Rs. 71.9 million to Rs. 80.2 million with an EBITDA margin of 15.23% in Q1-FY2020. The Profit after Tax is Rs. 40.2 million i.e. 7.32%.

- At June 30, 2019, the Standalone Networth of the Company is Rs. 1,297.2 million and Standalone Gross Debt is Rs. 1,466.2 million, while the Cash and Bank Balances on the standalone basis is Rs. 62.2 million. The Net debt to Net worth computes 1.08x.

At June 30, 2019 the Company has confirmed unexecuted order-book of Rs. 6,722.6 million.

Commenting at this juncture Mr. Deep Vadodaria, Chief Operating Officer said: "We are confident to catch-up with the continual growth momentum by timely execution of Projects, inspite of the modest growth registered in Q1-FY2020. The restricted availability of labour during Q1-FY2020 on account of the general elections that succeeded the vacation of Holi restricted the execution despite having a robust order-book. Meanwhile, the labour-force is since fully deployed and with clear possession of most of the project-sites, we are certain about the growth during FY2020. While, the profitability shall buoy at acceptable levels for the FY - especially with the higher contribution from the PPP projects, that tend to provide multifold benefits to the Company."

Operating review for Q1-FY2020 (Standalone):

- The profitability at EBIDTA level has improved by 93 bps mainly due change in revenue-mix as Q1-FY2020 has got certain contribution from higher margin PPP projects.

- While, the project/operations cost is almost in-line with the movement in the TOI, the employee cost has reduced as during Q1-FY2019 it contained the salary and related entitlements of certain employees, which were later-on transferred to the Demerged Company viz. Nila Spaces Limited. Other expenses have also reduced by 7.43% as during Q1-FY2019 it contained certain payment towards various professional fees for demerger (KPMG, Singhi & Co) and related advertisement expense.

- The reduction at PBT level has further aggravated to reduction at PAT level by 16.55% mainly due to balance of Deferred Tax credit.

- The depreciation has increased on back of fresh regular capex, while the finance cost has increased due to higher utilization of credit facilities.

- The networth of the Company has increased to Rs. 1,297.2 million due to plough-back of profit.

- The total debt of the Company has increased to Rs. 1,466.2 million. The Company has honoured all its financial commitments and the account is "Standard" with all the lenders. None of the Bank Guarantees submitted by the Company has ever been invoked by any Principal/Client.

Shares of NILA INFRASTRUCTURES LTD. was last trading in BSE at Rs.4.88 as compared to the previous close of Rs. 4.92. The total number of shares traded during the day was 12745 in over 18 trades.

The stock hit an intraday high of Rs. 5.05 and intraday low of 4.88. The net turnover during the day was Rs. 63448.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Vanta Bioscience's facility gets NABL Accreditation

Karnataka Bank reports fraud by Hanung Toys and Textiles Ltd

HCL delivers powerful new value for 10 million Domino Applications Worldwide

Hindalco Industries Limited launches India's first All-Aluminium freight trailer

United Drilling Tools to get order from Halliburton Offshore Services Inc

Tata Power JV acquires 75.01% stake in Prayagraj Power Generation Company Ltd

Bharti Airtel Ltd proposes to raise $3 billion

Vaibhav Global Announces Completion of Buyback of its Equity Shares

SBI to divest its stake in UTI AMC through IPO

Lease agreement of Mount Shivalik Industries Ltd ends for running restaurant at Amer Fort

Artson Engineering Ltd receives order for Rs. 6.30 crores

India's largest kitchen appliance company TTK Prestige unveils 2020 plans

Shilpa Medicare gets EIR from US FDA for Raichur API unit

TCS Helps Ayala Land Digitally Transform its Finance Function

Ramco Systems FZ-LLC, Dubai secures 5 year order

Intellect Launches RM Office 2020 for Wealth Managers

GAIL awarded as the 'Project Management Company of the Year' 2019 by Hon'ble Minister of Petroleum & Natural Gas and Steel

Dr. Reddy's Laboratories announces the launch of Bortezomib for Injection 3.5 mg/vial for Intravenous use only in the U.S. Market

L&T Construction bags new contracts for its various businesses

OnMobile collaborates with Samsung to build and manage its Contests ecosystem

Strides receives USFDA tentative approval for Diclofenac Potassium Softgel Capsules

CSB Bank Ltd reappoints MD & CEO

Vakrangee to launch India's First Rural Focussed Loyalty Program for its customers

Current Patent Laws are Inadequate for AI-related IP: New TCS Report

Caplin Steriles gets US FDA approval for Sodium Nitroprusside Injection

CARE reaffirms CP rating of Future Consumer Ltd

Eris Lifesciences Ltd announces acquisition of trademark- Zomelis together with its associated trademarks

Frontline Corporation Ltd commissions fuel pump as franchisee of Nayra Energy Ltd

NITCO Ltd Enters into Non-binding Term Sheet with Hines India Real Estate Pvt. Ltd.

OTS proposal of Sudal Industries Ltd Sanctioned

IRDAI approves True North's stake purchase in Max Bupa Health Insurance from Max India

ICRA revises ratings of IFCI Ltd

Offer for Sale of Shares by Promoters of HDFC Asset Management Company Ltd

NESTLE India Ltd board declares third interim dividend of Rs. 55

Steel Strips Wheels Ltd achieves total wheel rim sales of 12.52 lacs in November 2019

Wipro announces Advanced Cloud SOC Service Powered by Microsoft Azure Sentinel

Biocon Biologics Takes Forward Its Mission to Unlock Universal Access to Insulins Globally

HGS AxisPoint Health's Person-Centered Population Health Approach Receives Population Health Program Accreditation by NCQA

Paushak gets Responsible Care logo

NATCO Pharma Ltd completes investment in OMRV Hospitals Pvt Ltd

Lupin Foundation Wins Award for Excellence in Corporate Social Responsibility at India Pharma Awards 2019

Ultracab (India) Ltd receives order from MSEDCL for Rs. 23.69 crore

New Study by TCS: German Companies Have Sharply Hiked Spending on Digital Transformation

Zydus receives tentative approval from the USFDA for Lorcaserin Hydrochloride Tablets

Siddharth Mittal Takes Over as CEO and Joint Managing Director of Biocon Limited

Maruti Suzuki India Ltd to increase price of vehicles from January 2020

Lupin Wins Award for Operational Excellence in Manufacturing at India Pharma Awards 2019

Thomas Cook India signs an agreement to acquire the rights to the Thomas Cook Brand for the India, Sri Lanka & Mauritius markets

Biocon and Mylan Launch Trastuzumab Biosimilar, Ogivri™ (trastuzumab-dkst), in the U.S.

Tata Motors bags orders to supply over 2300 buses to various State Transport Undertakings

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019