Comments
McNally Bharat Engineering Co Ltd (MBECL) reported a 15 per cent growth in PAT at Rs 8.73 crore in Q1FY13 and an order backlog of Rs 4,050 crore (as on July 31, including L1 status in tenders worth Rs 400 crore). The company is awaiting outcome of tenders worth Rs 21,000 crore, an MBECL note said. But the company said it faced payment delays and consequent increase in working capital borrowings. The total borrowing of the company went up to Rs 513 crore till June 30 from Rs 435 crore on March 31 this year. Of the total Q1-end borrowing, Rs 395 crore was for working capital needs and the rest were term loans. MBECL said it expected to register a consolidated top-line of around Rs 2,750 crore in FY’13 and maintain consolidated operating EBIDTA at the level of 8-9 per cent. The company hoped to start its EPC business for cement plants this fiscal.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.