Supreme Infrastructure Q3FY11 profit rises 65% to Rs 18.95 cr

• PAT increased by 65% to Rs. 18.95 cr.
• Income increased by 68% to Rs. 240.50 cr.
• EPS reported at Rs. 12.30 per equity share

Supreme Infrastructure Limited, one of the most Diversified infrastructure companies has posted a 65% rise in net profit at Rs. 18.95 cr for the third quarter ended December 2010, as compared to Rs. 11.47 cr in the corresponding period of the previous year. This however an exceptional item of 4.06 cr, which is towards sale of fixed asset.

The company’s Q3FY11 Income stood at Rs.240.50 cr up by 68% as compared to Rs.142.9 cr in the corresponding period the previous year.

EPS rose to Rs.12.30 per equity share up from Rs.8.27 up by 49% from the corresponding period in the previous year.

Total Income for YTD- FY11 stands at Rs. 590.7 cr vs. Rs. 362.4 cr, up by 63% from the corresponding period last year.

Net Profit for YTD- FY11 rose to Rs. 47.1 cr vs. Rs. 28.3 cr up by 66% YoY while EPS rose to Rs. 30.55 per equity share for YTD- FY11 vs. Rs. 20.43 up by 50% YoY

Announcing the results, Mr. Vikram B Sharma, Managing Director, Supreme Infrastructure Ltd said “We have achieved our highest quarterly profit and topline numbers. During the quarter we have entered the lucrative market of Eastern India, where we look forward to add large contracts to our order book in the next 12-18 months. We are seeing traction in Infrastructure space, and believe the next 24 months will see significant progress in execution for Industry players and us.”

Key Developments:

• Emerged L1 for Ahemadnagar-Karmala-Timbhurni Road BOT project. Overall project cost at Rs. 560 cr
• Awarded Panvel-Indapur section (84km) of NH-17 for 4 laning. Project cost stands at Rs. 1,150 cr
• New Orders worth Rs. 484 cr have been added in Q3-FY11 in the Bridges, Roads and Buildings segment.
• Order book stands at 3,060 cr and will be executed over a period of next 24-30 months
• EBITDA margins for YTD- FY11 stood at 17.9%
• PAT margins for YTD – FY11 stood at 8%

Key Features about Supreme Infrastructure:

• Supreme Infrastructure is present in 7 verticals and 7 states in the infrastructure space
• Supreme Infrastructure India Ltd. pursues an integrated execution model with captive aggregate mining and asset ownership enabling speedy & timely execution  
• Railways, Bridges, Buildings, Power, Sewerage, Irrigation and Roads are the key verticals within the company
• Each vertical functions as a business unit, thus having increased focus on execution as well as order book growth
• Currently Supreme is executing about work at about ~ 30 sites

About Supreme Infrastructure Ltd
SUPREME INFRASTRUCTURE INDIA LIMITED [BSE code: 532904] is a public limited company, formerly known as Supreme Asphalts Private Limited which was incorporated in 1983 under the Indian Companies Act 1956 and promoted by Shri. Bhawanishankar H. Sharma. Supreme Infrastructure Private Limited was incorporated in 2002 and was listed in 2007 on the BSE & NSE.

The company has been formed to undertake engineering works of unrestricted value with most of the Government departments, public & private sector organizations.

Apart from the latest methods and techniques, the company has introduced automation in its working styles like the use of QA/QC methods. As an organization, it is always on the move to improve its productivity further by resorting to new management of tools as they become available.