We'll try to maintain our margins: Patel
Patel Engineering’s managing director Rupen Patel expects top line to grow by about 25% this year.
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| Patel Engineering���s managing director Rupen Patel expects top line to grow by about 25% this year. Mr Patel said that they will also try and maintain their margins. Excerpts:
You have got a strong set of numbers coming in for FY09. Top line has grown by 32%. You think you will be able to maintain this kind of momentum? What is your outlook for FY10?
We have got a good set of numbers for the financial year with a 22% increase in the total turnover at Rs 459 crore. The order book stands at Rs 7,200 crore. Seeing the current order book and executional cycle, we do expect a 25% growth y-o-y.
What about the margin front? What���s your outlook?
Difficult to put a figure on margins, but we will try to sustain the margins that we have. We have seen a 100 basis point improvement in margins as compared to FY08.
So , what have been the triggers for this kind of margin expansions?
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The margin expansion is because of the mix of products in terms of the company���s focus being more on hydro. The US has contributed greater EBITDA margins this year.In terms of your realty focus and given the kind of difficult environment there is, share with us how that segment is looking right now.
The plan has been recalibrated a little bit. We have had 1,000 acres of land bank with us. We are going ahead with the Jogeshwari one. The first project is almost complete . The second one will start this financial year.
Do you have any fund raising plans?
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No. No fund-raising plans this time.Download
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