Crisil: Revenues From Road Construction Companies To Increase By 15% In This Fiscal

Crisil: Revenues from road construction companies to increase by 15% in this fiscal

New Delhi, December 7, 2008 : .Strong order execution will increase the revenue of road engineering and procurement (EPC), companies by 15% this fiscal, as opposed to 5% in last year’s pandemic-hit fiscal.

 Crisil: Revenues From Road Construction Companies To Increase By 15% In This Fis-TeluguStop.com

Crisil Ratings.<br/ Nonetheless, the increase in raw material costs and increased competition will result in operating profitability decreasing by between 100-150 basis point per year.

<br/ <br/ The ratings agency stated that credit scores of the players would remain stable despite their strong order books, healthy balance sheets, sound working capital management and steady cash accruals.<br/ <br/ Anuj Sethi Senior Director Crisil Ratings stated that road projects were executed with fewer restrictions during this second pandemic wave.

<br/ <br/ He said, "This has resulted in healthy revenue increases of 37% on-year during the first half this fiscal on a substantially weaker base than last fiscal." <br/ <br/ Sethi says that while overall revenue will grow 15% this fiscal, operating margins could moderate to 14% from 15.3% last fiscal.This is primarily due to a sharp rise in the prices of inputs like bitumen and steel.<br/ <br/

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