Simplex Infra - Simply Superb

Simplex Infra - Net Profit Margin Increases From 2.9% To 4.1%

The third quarter Net Profit of Simplex Infrastructures Ltd. has spurted 57% to Rs. 17.3 Cr. from Rs. 11 Cr. on the back of a 69% jump in the operating profits (EBITDA) Rs. 48.6 Cr. from Rs. 28.7 Cr. during the same quarter last year. the Operating Margins (EBITDA) have improved to 11.4% from 7.7% and the net profit margins to 4.1% from 2.9%.

While the Q3 turnover increased 14% from Rs. 375 Cr. to Rs. 426 Cr., the nine month turnover has grown 21% to Rs. 1145 Cr. from Rs. 949 Cr. and the order backlog as on 31st Dec 2006 is about Rs. 5500 Cr. Considering the present trend of pick up in the momentum of work-execution the company maintain the sales growth target of 35% during the current financial year.

Commenting on the robust financial performance, Mr. BD Mundhra, Chairman and Managing Director, Simplex Infrastructures Ltd. said, “We have begun this quarter, on a positive and a healthy note, and are bullish about the forthcoming quarters as well. The company’s revenue growth is attributed to its healthy order book, which stands at Rs. 5700 Crore.”

“We are buoyant about overseas markets and are targeting 30% of the turnover from project exports. With our vast experience in handling large scale infrastructure projects, we are going to set new benchmarks in the coming quarters as well.” He further added.

The company has presence in diverse Infrastructure sectors and is planning to bid for BOT/Annuity projects in roads & highways, power transmission, ports, hydro, railways and water supply. Simplex infrastructures is also targeting turnkey, EPC, O&M projects in metal, cement, oil and gas pipelines.