Sadbhav Engineering Ltd (NSE:SADE) Q1 2020 Earnings Conference Call Transcript

Aug 16, 2019 • 02:30 am ET

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Sadbhav Engineering Ltd (NSE:SADE) Q1 2020 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, good day and welcome to the Sadbhav Engineering Limited and Sadbhav Infrastructure Projects Limited Q1 FY '20 Earnings Conference Call hosted by YES Securities. [Operator Instructions] Please note that this conference is being recorded.

I now hand the conference over to Mr. Alok Deora from YES Securities. Thank you, and over to you, sir.

Analyst
Alok Deora

Thank you. Good afternoon, everyone. On behalf of YES Securities, I welcome you all for the Q1 FY '20 earnings conference call for Sadbhav Engineering and Sadbhav Infraprojects Limited. We have with us today Mr. Vasistha Patel, Executive Director of Sadbhav Engineering and Managing Director of Sadbhav Infraprojects; Mr. Nitin Patel, Executive Director and CFO of Sadbhav Engineering Limited; and Mr. Varun Mehta, CFO of Sadbhav Infraprojects Limited.

I would now hand over the call to Mr. Nitin Patel to take us through the results, and then we shall begin with the Q&A Session. Thank you, and over to you, Nitin bhai.

Executive
Nitin R. Patel

Thank you very much. Good afternoon, everyone. On behalf of Sadbhav Engineering Limited and Sadbhav Infrastructure Project Limited, I warmly welcome all the participants, and thank you for taking your valuable time for the earnings call for the quarter ended June 30, 2019. I'm sure you must have seen the media release provided to stock exchange along with the results for both the companies. So, I will first start with the financial numbers and bidding pipeline. Then after, Mr. Vasistha Patel will take you through the status of under construction projects, and lastly Mr. Varun Mehta will take you through the SIPL numbers. So far as Sadbhav Engineering is concerned, income from operations for the quarter stood at INR838 crores as against INR911 crores last year. EBITDA for the quarters stood at INR105 crores as against INR107 crores of the last year. Profit before tax for the quarter stood at INR53.40 crores against INR68.05 crores of the last year, and profit after tax stood at INR39.46 crores as against INR63.41 crores of the last year.

The EBITDA margin for the quarter stood at 12.49% as against 11.74% in the same period of the previous year. During the Q1 of FY '20 -- the 51% of the total revenue is contributed by EPC projects in transport segment, while during Q1 of FY '19 60% of the total revenue was contributed by the HAM projects.

Debt as on June 30, 2019 stood at INR1,530 crores. Order book as on June 30, 2019 stands at INR10,810 crores, which translates to an order book to sales ratio of 3 times of FY '19 revenue. Now on the bidding activity, it is expected to start in full swing from the September. As per as the NHAI website, till date NHAI has called for 43 EPC projects worth INR29,052 crores for which bids are to be submitted before 30th September.

NHAI has also called bid for 28 HAM projects worth INR31,532 for which bids are to be submitted before 30th September. Apart from that, during the quarter, Dhule-Palesner