Q3 2024 Capacite Infraprojects Ltd Earnings Call Transcript
Key Points
- Capacit'e Infraprojects Ltd (BOM:540710) achieved its highest ever quarterly revenue and profit after tax in Q3 FY24.
- The company has a diverse order book from both public and private sector clients, indicating strong market demand.
- Equity infusion and additional non-fund based limits from banks have significantly improved liquidity.
- The working capital cycle improved to 123 days in Q3 FY24 from 152 days in Q2 FY24.
- The company is optimistic about sustained growth due to a strong order pipeline and execution capabilities.
- EBITDA for Q3 FY24 was slightly lower at INR89 crores compared to INR90 crores in Q3 FY23.
- EBITDA margin for 9 months FY24 decreased to 18% from 20% in 9 months FY23.
- PAT for 9 months FY24 stood at INR69 crores, down from INR74 crores in 9 months FY23.
- Gross debt stood at INR345 crores, with a gross debt-to-equity ratio of 0.27, indicating a significant debt load.
- The company has not yet fully recognized INR3,000 crores of MHADA projects, which could impact future revenue recognition.
Ladies and gentlemen, good day, and welcome to the Capacite Infraprojects Limited Q3 and 9 Months FY24 earnings conference call. (Operator Instructions)
Please note that this conference is being recorded. Before we begin, a brief disclaimer. The presentation which Capacite Infraprojects Limited has uploaded on the stock exchange and their website, including the discussions during this call contains or may contain certain forward-looking statements concerning Capacite Infraprojects Limited business prospects and profitability, which are subject to several risks and uncertainties, and the actual results could materially differ from those in such forward-looking statements.
I now hand the conference over to Mr. Rohit Katyal, Executive Director, Capacite. Thank you, and over to you, sir.
Good morning, everyone. On behalf of Capacite, I welcome everyone to the Q3 and 9 months FY24 earnings conference call of the company. Joining me on this call is Mr. Rajesh Das, CFO; Mr. Nishith Pujary
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