Simplex Infra Q3 PAT Rs 26 cr and revenue Rs 1,100 cr

Simplex Infrastructures has reported today the unaudited results for the 3rd Quarter FY10. The consolidated revenues for the Quarter is Rs.1100cr against Rs.1269cr for the same quarter last year and EBITDA is Rs.107cr. against Rs.119cr. However, the PBT is 7% higher at Rs.41cr from Rs.39cr and PAT - 3% at Rs.26cr from Rs.25cr. The EBITDA margins have improved to 9.7% from 9.4% and PBT to 3.8% from 3% and PAT to 2.4% from 2%.

The revenue for 9 months period at Rs.3287cr is almost the same as last year at Rs.3307cr, while EBITDA and PBT are slightly higher at Rs.337cr and Rs.131cr from Rs.331cr and Rs.130cr respectively. But due to higher tax provisioning, the PAT at Rs.83cr is lower from Rs.91cr last year.

The order intake during the quarter is Rs.1219cr comprising mostly the power, buildings and piling sectors. The order book backlog as of December’09 is Rs.10606cr. In addition, Simplex has L1 status in Rs.729cr aggregate bids. The order book is comprising of power – 28%, building & housing – 19%, urban infrastructures – 16%, industrial – 15%, bridges – 11%, marine & piling – 4% each, roads 2% and railways 1%. The foreign territories constitute 22% of the order book and the domestic order book is coming 47% from government, 41% from private sector and 12% from PPP players.

About Simplex Infrastructures (BSE SCRIP ID: SIMPLEXIN, NSE SCRIP ID: SIMPLEXINF, Bloomberg; SINF IN, Reuters: SMCP.BO): Incorporated in 1924, Simplex Infrastructures Limited is the largest pure play civil construction & engineering contractors in India, with more than eight decades of successful operations and completion of about 2300 projects in India and abroad. Simplex Infrastructures has presence across various construction verticals, which include piling, industrial plants, power plants – thermal; nuclear; hydel; urban infrastructures & utilities, buildings and housing, marine, roads; railways; bridges & elevated corridors.