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 2008-2009.
For the quarter ended 30th June 2008, the total revenue, on a standalone basis stood at Rs.381.66 cr and Profit after Tax (PAT) at Rs. 18.22 cr. Compared to the same quarter last year, there has been a revenue jump of 42 % from Rs.268 cr and profits grew 46.82% from Rs.12.41cr.
Mr. Sarabeswar, Chairman & CEO, CCCL Ltd said, “Our integrated construction services business model has given us the needed push to consolidate our presence into markets abroad. We are expecting an increase in projects such as the one done in Dubai. We are upbeat regarding the company’s performance for the coming quarter with increased orders and projects.”
The order backlog as of June 30th 2008 is Rs. 2822 cr.
Financial highlights
1. Top line growth of 42%
2. Bottom line growth of 47%
Business highlights
1. During the quarter, the company expanded customer base by 20
2. Projects won 27
3. Value of projects won during the Quarter Rs.638 cr.
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. For more information please log on to www.ccclindia.com.
