JMC Projects

JMC projects was in the limelight after it announced having received orders worth Rs.930 crore. This includes a road project in Ethiopia worth Rs.465 crore, retail mall project in Bangalore worth Rs.235 crore, building project in Bangalore worth Rs..62 crore and area infrastructure development project  worth Rs.169 crore.

The company, a subsidiary of Kalpataru Power Transmission, is a leading infra EPC Player in India. It posted a stable set of numbers for Q3FY16. Net sales rose by 3% (YoY) at Rs.571 crore. Keeping a tight leash on operating costs helped – costs were at 93% of net sales, down from 95%. This helped EBITDA come in at Rs.49 crore, up 26% while margins rose from 8.58% to 6.48%. The high interest cost dampened the net profit, which showed an increase of 4% at Rs.6 crore. Interest outgo for Q3 as at Rs.27 crore, up 17% and for 9MFY16, it was at Rs.78 crore.

It is sure to end FY16 on a higher note – its 9MFY16 net profit was at Rs.22 crore v/s Rs.30 crore for entire FY15.