|
| Om Metals Infraprojects Q2 FY10 Net Sales up by 52.2% | | PAT up by 66.8% at Rs.9.8 crore |
| Announcement / Corporate Oct 31, 2009, 18:27 IST |
|
Om Metals Infraprojects Ltd., leading hydro-mechanical engineering company in India, today reported net sales of Rs.53.1 crore for the quarter ended 30th September, 2009, as compared to Rs.34.9 crore in the corresponding quarter of last fiscal year, registered a growth of 52.2%.
Profit after tax registered a growth of 66.8% to Rs.9.8 crore, as compared to Rs. 5.8 crore in Q2FY09. PAT margin in Q2 FY10 was at 17.4%, as compared to 15.6% in Q2FY10, registered a growth of 180 basis points.
Half yearly performance:
Net sales for six months ended September 30, 2009, was at Rs.89.9 crore as compared to Rs. 49.8 crore in corresponding period of last fiscal year, grown by 80.4%. Net Profit for H1FY10 was at Rs.16 crore, as compared to Rs.9.2 crore in corresponding period of last fiscal year, registered a growth of 74.3%.
EPS for H1FY10 was at Rs.1.66, as compared to Rs.0.95 in H1FY09.
Management Comments:
Mr. Vikas Kothari, Director – Business Development, Om Metal Infraproject Ltd, said “Execution, of all our projects, is on track, which has lead to a growth of 41% in core segment engineering. We are expecting similar growth in the coming quarters”
“With several big hydropower projects expected to take-off in the coming months, we continue to remain bullish on the business environment. Existing order book of Rs. 600 crore would be executed in the next 3 years.” he further added.
Major Developments:
- Sold 70% apartment in phase II of residential complex “Om Enclave” in Kota
- Execution of URI, TEESTA, CHAMERA, PARBATI projects awarded by NHPC is on track
About Om Metals Infraprojects Ltd.
Om Metals Infraprojects Ltd. (OCI) (BSE Code: 531092) is an ISO 9001 certified company, set up in 1971, has flourished into a front-runner hydro-mechanical engineering company in the country with many achievements to its credit. It has leveraged its capabilities and skills in the development and construction sectors, where, engineering, steel fabrication and turnkey projects form a significant component for hydro-electric power, irrigation and river linking projects coming up in the country and abroad. The company is also engaged in the real estate projects like developing residential, commercial, entertainment and leisure centers in the country. In 2006, the company forayed into the development of SEZ and ports.
Visit www.ommetals.com
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
