BGR Energy Systems, one of the leading player in EPC and BoP for power projects, has reported 199% growth in its net profit for the quarter ended June 30, 2010, to Rs 60.54 crore, compared with Rs 20.24 crore in the same period last fiscal. The company has orders worth Rs 9,400 crore.
The company witnessed 191% growth in sales to Rs 905.43 crore as against Rs 311.07 crore during the same period last financial year. The EPC and BoP segment accounted for 96% of the sales, which includes execution of the large-value 600 mw unit project contracts accounting for Rs.644 crore and the balance sales contributed by BoP segment and capital goods business.
These segments will continue to contribute to growth during the current financial year and thereafter. The company?s capital goods businesses supported the EPC business by offering in-house products and are expected to achieve growth in good measure in second half of the current fiscal, thus significantly contributing to improve margins.
The company has achieved robust gains in EBIDTA and pre-tax profits due to efficient cost and funds management strategies.
BG Raghupathy, CMD, BGR Energy Systems, said: ? Our performance in Q1 demonstrates our execution and delivery strength and competency, while the company laid stress on growth in top line and bottom line as well.
?This performance is the best among the peers in the industry. We see strong opportunities for growth in order booking and revenue in the years to come, by adding in-house manufacture of power equipment and enhancing our project delivery capabilities.?