EBITDA margin, on the other hand, declined to 21.49 percent in the first quarter, from 23.81 percent on a year-on-year basis.
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The Revenue from operations of the company for the 1st Quarter of 2016-17 stood at Rs.1, 880.37 Crore as compared to Rs.1,843.74 Crore in the same Quarter a year ago registering a positive growth of 1.99%.
On the segmental revenue contribution, power business continued to be top revenue generator segment followed by EPC and contract business.
Other income stood at Rs 26 crore as of June 30.
The firm’s total expenses for Q1 rose by 35.08 per cent to Rs 2,810.32 crore from Rs 2,080.42 crore in the corresponding quarter of last fiscal.
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The company said it is “targetting opportunities worth Rs 2 lakh crore planned by the government across power, roads, railways, defence, ports and mega infrastructure projects” and has already submitted bids worth Rs 15,000 crore in the last three months. Company completed 100 per cent sale of its cement subsidiary to Birla Corporation Ltd., for Rs 4,800 crore in the gone by quarter.
