BWI: CCCL Reports 35% Growth in Profits in Q4

Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Thursday, April 29, 2010 02:56 PM IST (09:26 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
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CCCL Reports 35% Growth in Profits in Q4
Total Income Exceeds Rs. 1975 cr

Chennai, Tamil Nadu, India, Thursday, April 29, 2010 -- (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 financial results for FY 2009-2010.

For the year ended 31.03.2010, the total revenue, on a standalone basis stood at Rs.1950 crores (2009: 1755 crores) and Profit after Tax (PAT) at 93.56 crores.(2009: 69.05 crores). The company's year-on-year net profit increased appreciably by 35%. Turnover on a consolidated basis touched Rs 1975.94 crs and the PAT stood at 91.59 crs. PAT increased from 4.23% to 4.64% at the consolidated level.

Mr.Sarabeswar, Chairman & CEO, CCCL Ltd said, "The financial results are gratifying and we aim to consolidate our presence in the infrastructure sector with more projects in the coming year. We are venturing into emerging opportunities in the power and pipeline sectors as EPC/BOP contractor and we foresee good prospects for the company."

The orders on hand stood at Rs.3391 crores as on 31.3.2010. CCCL has received orders worth Rs 225 crores in the month of April 2010 and is in the process of negotiating orders worth Rs. 600 crores.

Financial highlights

Though turnover increased only by 7.31% from RS.1841.30 crs to 1975.94 crs. on a consolidated basis, the PBT jumped from Rs 110.97 crs to Rs147.43 crores and PAT rose sharply by 25.82% to Rs 91.59 crs from Rs 72.80 crs

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 Financial Results, please click on the link given below:

Financial Results
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Financial_results(2).pdf
Financial_results(2).pdf


CONTACT DETAILS
Mr. T.R. Seetharaman, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Nachu Nagappan, Account Manager, 20:20 MEDIA, + 91 9940068348, nachu@2020india.com

KEYWORDS
CONSUMER, ECONOMY, MARKETING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES, CCCL.NS, CCCL.BO

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