Maytas Infra achieves Turnover of Rs. 526.50 crores , reports Net Profit of Rs.32.36 crores in the third Quarter

Hyderabad, India, January 30, 2008: IL&FS Engineering and Construction Company Limited [Maytas] today declared its results for the third quarter of the current year 2007-08. The Company achieved a Turnover of Rs.526.50 crores and has reported an EBITDA of Rs.78.88 crores and Net Profit of Rs.32.36 crores for the 3rd Quarter ended 31st December 2007.

For the 9 months period of the current year, the Company has reported a Turnover of Rs.1070.06 Crores with an EBITDA of Rs.153.65 Crores, Net Profit of Rs.63.34 Crores and EPS of Rs. 10.76.

The company’s Order Book now stands at Rs.5273 Crores as on 31st Dec 07.

The other highlights of the performance are as follows:

Q3 FY 07-08 Result Highlights

  1. Turnover: Rs.526.50 crores
  2. Net Profit after Tax: Rs. 32.36 crores
  3. EPS: Rs. 5.50
  4. EBITDA: Rs. 78.88 crores
  5. No. of employees: 2130

Commenting on the results, Mr. P K Madhav, CEO, Maytas Infra said, “The results for the quarter are in line with our projections for the year. At Maytas we are focused on strengthening our systems & processes, and use technology to create an efficient and robust organization.” He also added “We see a great demand for projects across all verticals and our intrinsic strengths like, being an integrated infrastructure company with presence in construction and BOT space, will ensure that we will be one of the top infra companies in the country.”

Expanding Verticals

The company would be diversifying into new verticals including (i) Mining and related activities (ii) Manufacture of Construction Material (iii) Advisory & Consultancy Services including Project Management Services.

New Appointment on the Board of Directors

Mr. C.S. Bansal holding the position of President and leading the Company’s Transportation and Oil & Gas sectors was inducted in to the Board of Directors of the Company. Mr. C.S. Bansal is a Mechanical Engineer from Delhi College of Engineering and a PGDBA from MDI, Gurgaon. He has 28 yrs of experience to his credit in the Automotive, Metals, Telecom, Heavy Engineering and Trading sectors, both in India and overseas.

About Maytas Infra

IL&FS Engineering and Construction Company Limited, Hyderabad-based infrastructure development company is one of the leading Infrastructure Development, Construction and Project Management Companies in India with more than two decades of rich and varied experience in executing projects under various domains such as Buildings & Structures, Transportation, Water, Energy and BOT. Maytas Infra currently employs 2130 professionals. Maytas Infra is an ISO 9001 - 2000 certified company, committed to the highest standards of quality. IL&FS Engineering and Construction Company Limited bagged the ‘Fastest Growing Construction Companies in India’ award in 2007 by Construction World and National Institute of Construction Management & Research (NICMAR).

* Figures as per quarter ended December 31, 2007