BWI: CCCL Reports 8.45 % Growth in Revenues in Q1

Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Tuesday, July 28, 2009 05:57 PM IST (12:27 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Construction, Financial Analyst, Stock exchanges
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CCCL Reports 8.45 % Growth in Revenues in Q1
Total Income Exceeds Rs. 411 Crores

Chennai, Tamil Nadu, India, Tuesday, July 28, 2009 -- (Business Wire India) -- Consolidated Construction Consortium Ltd (BOM:532902), an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its first quarter results for FY 2009-2010.

For the quarter ended 30th June 2009, the total revenue, on a standalone basis stood at Rs 411.60 cr and Profit after Tax (PAT) at Rs.17.65 crores. Compared to the same quarter last year, there has been a revenue jump of 8.45% from Rs. 379.52 crores and profits after tax for the current quarter stood at Rs 17.65 crores.

Mr. Sarabeswar, Chairman & CEO, CCCL Ltd said, "We believe that we have posted healthy quarter results considering the current economic slowdown. Our recent projects win from The Airports Authority of India (AAI) to construct a concrete bridge across the Adyar River at the Chennai Airport and other infrastructure projects have strengthened our portfolio. We are consolidating our presence in the infrastructure sector. We are confident of scaling new heights in the next quarter."

The company has during the quarter booked fresh orders worth Rs 678.46 crores which includes the construction of concrete bridge across the Adyar River at Chennai Airport from The Airports Authority of India (AAI) and construction of township for Vedanta Aluminium Ltd., at Jharsuguda in Orissa and a Multi Level Underground Car Park at Delhi for Delhi Metro Rail Corp.

EBITDA (Earnings before Interest Tax Depreciation and Amortization) stood at 8.14 % in the current quarter up from 7.32 % achieved during the last financial year.

The company has been able to improve its PBT Margins which stood at 6.50 % in the current quarter up from 5.98 % achieved during the last financial year. Similarly the PAT Margins stood at 4.29 % in the current quarter up from 3.93 % achieved in the last financial year.

The order backlog as of June 30th 2009 is Rs. 3611.83 crores.

About CCCL

Headquartered in Chennai, Consolidated Construction Consortium was promoted in the year 1997. The company is an integrated construction services provider and its operations cover industrial, commercial, residential and infrastructure projects. It has presence in Bangalore, Hyderabad, Kolkatta, New Delhi, Pune, Trivandrum and Dubai. CCCL has grown from Rs.40 million to Rs.14 billion and has executed projects across 17 states and union territories in India. It has been awarded ISO: 9001Bureau Veritas certification as well as Quality Management system in tune with ISO: 9001:2000 standards, ISO 14001:2004 certification for the Environmental Management System and OHSAS 18001:2007 certification for occupational health and safety. For more information please log on to www.ccclindia.com.

To view the Unaudited Financial Results for the Quarter Ended 30.06.2009, please click on the link given below:

Unaudited Financial Results for the Quarter Ended 30.06.2009
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Results Q1 30 06 2009.pdf
Results Q1 30 06 2009.pdf


CONTACT DETAILS
Mr. T.R. Seetharaman, CFO, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Twinkle Xavier, Account Manager, 20:20 MEDIA, +91 9884480115, twinkle@2020india.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, STOCK EXCHANGES

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