BWI: CCCL Reports 23.41% Growth in Turnover in Q1

Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Thursday, July 29, 2010 05:44 PM IST (12:14 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
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CCCL Reports 23.41% Growth in Turnover in Q1
Total Income Exceeds Rs.507.96 cr

Chennai, Tamil Nadu, India, Thursday, July 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 Q1 results for FY 2010-2011.

For the quarter ended 30.06.2010, the total revenue, on a standalone basis stood at Rs.507.96 Cr and Profit after Tax (PAT) at Rs.18.78 Cr. Compared to the same quarter last year, there has been a revenue jump of 23.41% from Rs.411.60 Cr and profits after tax grew by 6.42%.

Mr. Sarabeswar, Chairman & CEO, CCCL Ltd said, "Our recent infrastructure and other power projects have strengthened our portfolio. We are upbeat regarding the company's performance with increased orders and projects. We are confident of scaling new heights in the coming quarters".

The company has during the quarter booked fresh orders worth Rs 1705.69 Cr, which includes the construction of Goa Airport, Elevated stations for Chennai Metro Rail Limited and Power Plants

The order backlog as of 30.06.2010 is Rs.4526.94 cr.

Financial highlights

1. Top line growth of 23.41%
2. Bottom line growth of 6.42%

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 press release with the tables and Fiancial Results, please click on the links given below:

Press Release with Tables

Unaudited Financial Results


CONTACT DETAILS
Mr. T.R. Seetharaman, CFO, CCCL, +91 (44) 2345 4500, trs@ccclindia.com
Nachu Nagappan, Account Manager, 20:20 MEDIA, +91 99400 68348, nachu@2020india.com

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

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