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EBITDA margins of 11% in Fy22: Ncc

Major automaker NCC said on Wednesday the company expected EBITDA (earnings before interest, taxes, depreciation and amortization) margins of around 11% for fiscal 22.

In an interview with CNBC-TV18YD Murthy, executive vice president of finance, said the company has already cashed in around Rs 8,000 crore, including the recent Rs 2,167 crore order from Bengaluru Metro Rail Corporation, which offers around three packages connecting the Bangalore Airport from the city center.

“When it comes to order intake, we are on the right track. Many orders have been placed in particular to develop physical infrastructure in various parts of the country, mainly because the government attaches importance to implementation. of the National Infrastructure Pipeline (NIP), which gives a good increase in orders for companies like us, ”said Murthy.

For the orders the company has won, NCC is looking at an EBITDA margin of 11-11.5% at the project level, said Murthy: “Looking at the second quarter, the company posted depressed margins, which are likely. to improve in the third and fourth quarters. “

The company’s total order backlog is currently around Rs 40,000-41,000 crore and a further increase in orders is expected in the third quarter as well as the fourth part of the current year, said Murthy: “The company envisioned a lot of buildings. projects and some road projects.

First publication: STI


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