homevideos Newsearnings NewsNCC says looking at 45% topline growth, aims to clock Rs 11,000 crore revenue
NCC says looking at 45% topline growth, aims to clock Rs 11,000 crore revenue
Construction and infrastructure company, NCC Ltd, on Friday said the company is looking at 45 percent topline growth and aims to clock Rs 11,000 crore revenue.
Construction and infrastructure company, NCC Ltd, on Friday said the company is looking at 45 percent topline growth and aims to clock Rs 11,000 crore revenue.
In an interview to CNBC-TV18, YD Murthy, executive vice-president, finance, said, “The improvement is visible and it is continuing as we started the year with a very good order backlog of nearly Rs 32,000 crore and many of these orders are fast-track orders we completed in 15-24 months."
"Margin expansion has happened and it's sustainable. We are confident that we will be able to deliver 11-11.5 percent in FY19. We are very confident that the EBITDA (Earnings before interest, taxes, depreciation, and amortisation) level can be maintained,” said Murthy.
“In FY18, we have bagged Rs 24,500 crore of a fresh order. Out of this Rs 24,500 crore, at least about Rs 12,000-13,000 crore worth of projects are in the category of two years and less,” he further mentioned.
NCC delivered a strong quarter this time around. The operating margins have expanded to 11.3 percent against 8.5 percent year-on-year (YoY) and the company is targeting 45 percent revenue growth in FY19.
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