Analyst Meet / AGM     03-Nov-11
Conference Call
Technofab Engineering
Expects 35% growth in revenue and revised down PAT margin by 50 bps to 8.5%
Technofab Engineering held a conference call on Nov 3, 3011. In the conference call the company was represented by its top management.

Key takeaways of conference call

Sales for the quarter was higher by 28% to Rs 93.82 crore and EBITDA was higher by 19% to Rs 12.20 crore with EBITDA margin down by 110 bps to 13%. But the PAT was higher by 17% to Rs 7.59 crore even as the PAT margin contracted by 80 bps to 8.1%.

Order book stands at Rs 1010 crore and the company is L1 in orders worth Rs 490 crore. Of the total order backlog about 40% is overseas orders.

Of the L1 orders comprise four orders of which 2 are public utility orders from power sector, one private sector order a combined cycle power project base on diesel sets and the last one is overseas order which a water project.

Of the order booking target of Rs 750 crore for current fiscal the company has already booked orders worth Rs 490 crore. Of the order intake of Rs 490 crore, about Rs 350 crore is overseas order.

Average ticket size as of now Rs 40-45 crore. Of the Orders booked in current fiscal the average ticket size has gone up to 75 crore.

The current order book will be executed over 21 months.

Noticing slowdown in opportunity available as well as time taken for order finalisation lengthening.

Expects FY12 sales to be around Rs 390 crore (or a growth of about 35%yoy). The company expect slight squeeze in the margin and expects the PAT margin for current fiscal to be lower by 50 bps than earlier guided 9%. Thus the PAT margin for FY12 will be around 8.5%.

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