Capacit’e Infraprojects Released Q4 FY2024 Earnings: Revenue Soared 34% YoY

On May 29, 2024, Capacit’e Infraprojects Limited, one of the fastest-growing construction companies, released its results for the quarter (Q4 FY2024) and year (FY2024) ended March 31, 2024.

Quarterly Performance

During the quarter, the revenue from operations rose 34% to ₹599 crore compared to ₹447 crore in Q4 FY24. EBITDA increased by 41% to ₹121 crores in Q4 FY24 from ₹86 crores in Q4 FY23. In Q4 FY24, the EBITDA margin was 19.8%, down from 19.1% in Q4 FY23. PAT increased by 139% to ₹52 crores in Q4 FY24 from ₹22 crores in Q4 FY23. PAT margin was 4.8% in Q4 FY23 but increased to 8.5% in Q4 FY24.

In Q4 FY24, the company successfully raised ₹200 crores through qualified institutional placement. The money has been wisely used to support its operational capabilities, foster future growth, and enable the business to provide outstanding value to its stakeholders and clients.

Yearly Performance

In FY24, revenue from operations was ₹1,932 crores, up from ₹1,799 crores in FY23. Compared to ₹361 crores in FY23, EBITDA for FY24 was ₹363 crores. In FY24, the EBITDA margin was 18.5%, down from 20.0% in FY23. PAT increased by 26% to ₹120 crores in FY24 from ₹95 crores in FY23. PAT margin was 6.1% in FY24 compared to 5.3% in FY23. As of March 31, 2024, gross debt was ₹326 crores, down from ₹370, and the ratio of gross debt to equity was 0.21x. Net Debt was 69 crores, while the ratio of Net Debt to Equity was 0.05x.

As of March 31, 2024, the order book was valued at ₹9,011 crore on a standalone basis. 31% of the overall order book is in the private sector, compared to 69% in the public sector.

“As we conclude FY24, we are pleased to report a period marked by significant achievements, including the highest ever turnover and profitability both during Q4 FY24 and the year. The higher execution has helped us in better absorption of fixed cost thereby leading to improved profitability. The capital raised during the year has been strategically deployed to strengthen the execution across projects. Over the past few years, while our order book size has expanded significantly, our project under execution has reduced, leading to higher revenue contribution per project, better management and improved margin profile,” said Mr Rohit Katyal, Executive Director.

He further added, “We are embarking towards a higher growth phase, backed by a diverse order book from distinguished clients in both the public and private sectors. The execution across projects has seen marked improvement and we believe the pace should further improve. We remain committed to improving our working capital cycle and profitability. With strong financial alongside our execution prowess, we are confident of setting up new performance benchmarks in the years to come.”

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