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Company expects order book of Rs 7,000 crore in FY19, says Welspun Enterprises

Updated : May 10, 2018 03:39 PM IST

"The company expect an order book of Rs 7,000 crore in FY19, which would give them a visibility of doubling the revenues over next two years. The order book currently stands at Rs 5,500 crore," said Sandeep Garg, Managing Director and Chief Executive Officer, Welspun Enterprises.

The revenue contribution has mainly come because of the Delhi-Meerut Expressway that is close to completion and two more projects have taken off at this point in time, valued at Rs 2000 crore, said Garg.

He said there are other Rs 2,000 crore projects that will take off in first quarter of FY19, plus the company has opened L1 for another Rs 2,000 crore project.

With regards to funding of these projects, he said the company has enough capital to service up to Rs 10,000 crore of orders.

Each special purpose vehicle (SPV) carries debt to the extent of 50% of the order book, he said.

The year-on-year consolidated net profit of the company for the fourth quarter was Rs 25.3 crore against Rs 6.7 crore and the year-on-year consolidated revenues at Rs 405.3 crore against Rs 182 crore. Year-on-year consolidated EBITDA at Rs 45.2 crore against Rs 2.8 crore.
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