MARG FY12 net profit jumps 85%


MARG Limited, one amongst India’s fastest growing infrastructure companies, today announced its financial results for the year ended March 31, 2012.

The company registered a 38% increase in revenue which stood at Rs. 15.01bn in FY 2011 – 2012 as compared to Rs. 10.85bn in FY 2010 -2011. PAT increased by 85% which stood at Rs. 1.11bn in FY 2011 – 2012 as compared to Rs. 60 crores in FY 2010 -2011. Overall the business verticals have shown robust performance.

Business Highlights

MARG Karaikal Port handled 6.01 MMT of multi-cargo in FY2011-12 and reported a  top line of Rs.220 crores, EBITDA – Rs. 99 crores and a PAT of Rs. 32 crores

EPC revenue at Rs.1,440 crores in FY2011-12, increase of 43% YoY – share of external EPC at 41%; Current order book  at around ~Rs. 3,250 crores

MARG Swarnabhoomi’s FY2011-12 revenue stood at Rs.88 crores EBITDA at Rs. 13 crores and PAT at Rs. 2 crores

MARG ProperTies, the real estate arm of MARG has sold 0.53 million sq ft (497 units) in FY2011-12, with sale value of Rs.157 crores

Commenting on the company’s performance in the year ended March 31, 2012, GRK Reddy, Chairman & Managing Director, MARG Group said, “Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation. With the global economic trend still continuing to be sluggish, we are glad to have put a robust performance across all Group verticals. With EPC continuing to be the core business and MARG Karaikal Port, MARG ProperTies and MARG Swarnabhoomi expected to be strong complementary business units, FY 2012-13 promises a strong curve. ”

Performance of Business Verticals

EPC Business

EPC revenue of MARG Limited at Rs. 382 crores in Q4 FY 2011-12

The full year revenue stands at Rs.1,440 crores, increase of 43% Y-o-Y

Current EPC order book at around ~Rs.3,250 crores, external orders account for ~30%

Successfully completed & handed over residential Building for NBCC (Rohtak), Non Plant building for IOCL & HPCL, ELCOT IT Park project at Trichy, PADCO Housing etc

Won prestigious external projects including orders from Bhavnagar Energy Corporation Limited, Lucknow Development Authority, National Building Construction Company Ltd

Almost doubled the value of Plant & Machinery and other construction equipments in current financial year

Marine Infrastructure

Karaikal Port

During Q4 FY 2011-12, handled a traffic of 1.62 million tonnes of multi cargo & 56 major vessels including 0.87 million tonnes of cargo handled during March 2012 being the highest cargo handled in a single month.

During FY 2011-12, handled 6.01 million tonnes of multi cargo & 191 major vessels vis-à-vis 4.75 million tonnes & 122 major vessels handled in FY 2010-11. – Y-o-Y growth of 26.53% and 56.56% respectively

Successfully handled the MV Manousus P in March 2012 with a parcel size of 72,848 MT of coal cargo– the biggest cargo vessel handled till date

During Q4 FY 2011-12, handled 290 rakes.  Handled 1,087 rakes in FY 2011-12 vis-à-vis 745 rakes in FY 2010-11 and handled 1,859 rakes since commencement of railway operations at the port

Handled the first crude oil vessel for CPCL in Feb 2012.

Agreement signed with Ascent  Capital Advisors Private Limited for a PE Investment  of Rs. 200 Crores  – Availed the drawdown through Primary of Rs.50 crores and Secondary of Rs.150 crores

Signed term sheet with Jacob Ballas for PE Investment of Rs.100 crores (Primary) and Rs. 100 crores (Secondary from IIF to JB); Rs. 100 crores received from JB in Karaikal Port in April 2012.

Receipt of sanction from IIFCL for partial takeout of Rs.86.21 crores out of Phase 1 term loans at a lower Rate of Interest

In Q4 FY2011-12, Karaikal Port’s revenue stood at Rs. 57 crores

For FY2011-12 Karaikal Port achieved a top line of Rs. 220 crores; EBITDA of Rs. 99 crores and a PAT of Rs. 32 crores

Urban and Industrial Infrastructure

marg swarnabhoomi logo

marg swarnabhoomi logo

MARG Swarnabhoomi

Engineering SEZ

MOU/Leases signed with M/s Tecpro Energy Systems, M/s Twin Disc (Far East) Pte Ltd, M/s Eswari Electricals and M/s Kwik Patch Ltd taking the total number of units in LES to 8 in FY-12 compared to 4 in FY-11.

Virgo Engineers, M/s P.H.Hydraulics and Pneumatics, M/s Eswari Electricals and M/s Vanspall Associates have started operations from their plant in the engineering SEZ in FY-12 taking the number of operational units to five in FY-12 as against one unit in FY-11.

Total exports from the engineering SEZ in FY-12 was 1221 lakhs, apart from this SEZ to SEZ and SEZ to DTA Sales of 677 lakhs.

Science and technology Park

Construction of phase-I spread over 210,000 sq ft of Wet Laboratory building is underway in MARG Swarnabhoomi.

M/s Biophenolika Polymers has obtained approval from the Development Commissioner of State Government of Tamil Nadu for setting up an R&D Center in Polymers.

MOU sign with virginia tech to setup campus in marg swarnabhoomi

Virginia Tech University has signed MOU and is in the process of setting up its Centre of Excellence in Science and Technology Park.

Institute of Clinical Research India (ICRI), a leading player in Clinical Research Training in India is in advanced stages of setting up a campus at the Science Park.

Multiservices-Processing

Executed Lease Agreement with Exemplarr Worldwide for their Operations Center/EXCEL Finishing School (Exemplarr Center for Employability and Learning) at Amrita Research and Innovation Park (ARIP) and it has been inaugurated on 23rd May 2011 by CTS Vice Chairman-Mr. Lakshminarayan.

Subsequently, The EXCEL finishing school has commenced its first batch of certification program targeting ITES Sector in e-publishing at Amrita Research and Innovation Park (ARIP). The finishing school concept is set to bridge the gap between skill sets produced at universities and skill sets required by industries.

In principle agreement with International Institutes of repute from Australia to set up vocational training institutes at ARIP.

Discussions on with few of the IT majors for setting up their training cum operation centre at MARG Swarnabhoomi

The Team is in advanced stages of discussion with a Singapore-based International School to setup a IB school at MARG Swarnabhoomi.

Multiservices-Non-Processing

A Polyclinic and convenio store are currently operational in MARG Swarnabhoomi to cater to the needs of its employees and residents

Initial discussions are in progress for setting up a multipurpose sports complex, a golf course and a sports medicine centre at MARG Swarnabhoomi.

In discussion with a Chennai based adventure sports operator to setup a Adventure Sports cum out bound activity center at MARG Swarnabhoomi.

In discussion with an established operator to provide Serviced Apartment services at MARG Swarnabhoomi to serve both the internal demand and the tourist population of ECR.

Education Services

MARG Navjyothi Vidyalaya

MARG Navjyothi Vidyalaya

MARG Navjyothi Vidyalaya was launched and got affiliated to the CBSE within 7 months of its inception. The current total count of students is 223.

 

 

 

marg institute of design and architecture swarnabhoomi

marg institute of design and architecture swarnabhoomi

MARG Institute of Design and Architecture Studies (MIDAS) was launched and is currently functioning with 56 students with exposure to international industry architects from Spain and Singapore.

 

 

 

 

swarnabhoomi academy of music

swarnabhoomi academy of music

76 students have already graduated from Swarnabhoomi Academy of Music (SAM)

MARG Swarnabhoomi Academy of Music (SAM) has produced three bands, gaining recognition. SAM is in the process of signing an international experience agreement with an international music school based out of Minnesota.

MoU signed with Malaysia based Limkokwing University of Creative Technology

 

 

 

MoU signed with Malaysia based Limkokwing University of Creative Technology to provide industry-driven programmes on Games, Animation, Creative Multimedia, Advertising, Fashion & Hair Design, Interior Design, Product Design and Tourism Management etc.

In final stages of signing up with a leading international school in Singapore to offer international baccalaureate (IB)/Cambridge Curriculum(IGCSE) in K12 segment.

Residence

MARG adjudged the second leading developer in Chennai city in Residential sales.

755 flats sold in FY 11-12 with a sale value of Rs 126 Crores.

swarnabhoomi cityscapes logo

swarnabhoomi cityscapes logo

Launched Swarnabhoomi Cityscapes, the plot sales vertical and created one more revenue generating vertical for the business.

MARG Swarnabhoomi – Financial Performance

For FY2011-12, revenue stood at Rs. 88 crores, EBITDA at Rs. 13 crores and PAT at Rs. 2 crores

Real Estate

marg properties

marg properties

MARG ProperTies – Residential Business

MARG adjudged the second leading developer in Chennai city in Residential sales.

The Brand Mascot, Mr. Joy was launched and this unique concept won “Most Innovative Marketing Campaign” pipping some of the leading brands in the real estate sector.

Brand Presence of Marg ProperTies got enhanced with the launch of 2nd Home Shoppe during Feb 2012 in the growing IT corridor (OMR).

As part of our continuous customer engagement “Connexions” program was conducted. More than 700 customers graced the event.

Projects like Pushpadruma, Vishwsakthi (Phase-1), Lakshna and Kalpavriksha (Phase-1) are sold out.

More than 200 units in Pushpadruma are already handed over

95 units (100,000 Sq.Ft) were sold in Q4 2011-2012 with sale value of Rs.29 crores taking the total units sold to 497 and sale value of Rs. 157 crores in FY 2011-12

Cumulatively at ITD level (Till March 2012), 1727 units (1.85 million sq.ft.) has been sold with sale value of Rs.468 Crores.

marg junction mall logo

marg junction mall logo

MARG Junction, OMR – Commercial Business

The project is expected to commence operations in FY-13.

Key clients include PVR, Shoppers Stop, Hyper City; mini-anchors confirmed / LOI are Reliance Trend, Blue- O & Times Zone; Vanilla clients include Rayban, HP, Dosa plaza, Marry brown, Riyaa, EVA, Levis, Pavers England, Lee,    Wrangler, Woodlands, Denizen, Archie’s, Casio, Nike, Mufti, Begum, W, Canon, Kushal’s jewelry, Puma, INC.5, New U.

Agreement with Shangri-La has been executed for development of Hotel & interior design concept is almost finalized.

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Source: http://www.reidin.com/news/showNews/in_indinfo-inindinfore-20120515-1/marg-fy12-net-profit-jumps-85.html

MARG LIMITED REVENUE GROWS BY 52%


Marg Limited is one of the best builders in chennai developed low budget flats in chennai.

Financial Highlights

Q3 2011-12

  • Standalone revenue up at Rs.483 crores in Q3 FY12, increase of 52% over Q3 FY11
  • EBITDA for Q3 FY12 is Rs.41.4 crores, increase of 18% over Q3 FY11 EBITDA of Rs. 35.2 crores
  • PAT of Q3 FY12 at Rs.18.4 crores as compared to Rs.15.9 crores in Q3 FY11

MARG Limited – Standalone Entity

Financial Performance

INR Crores

Q3 2011-12

Q3 2010-11

Q-o-Q Change

Revenue

483.0

317.3

52%

EBITDA

41.4

35.2

18%

PAT

18.4

15.9

15%

Chennai, January 27, 2012: MARG Limited, India’s leading diversified infrastructure development company, announced its financial results for the quarter ended December 31, 2011.

The company recorded a 52 percent increase in net sales, which stands at Rs. 483-cr in the third quarter of 2011 – 2012, as compared to Rs. 317.3-cr in the Q3 2010 -2011. The net profit for the quarter ended December 31, 2011 stands at Rs. 18.4-cr, a 15 percent increase from Rs. 15.9-cr registered in the same period last year. ?

Business Highlights

  • Karaikal Port handled 1.45 MMT of multi cargo during Q3 ending Dec 31, 2011 (YTD FY12 ~ 4.4 MMT)
  • KPPL received the final tranche of PE investment of Rs. 50 Crores from Ascent Capital
  • EPC revenue of MARG Limited at Rs. 465 crores in Q3 FY12, growth of 55% over the Q3 FY11 revenue of Rs.300 crores
  • Current EPC order book at around ~Rs.3250 crores, external orders account for ~35%
  • MARG ProperTies, the residential arm of the company sold 98 units (0.11 MSFT) in Q3 2011-2012. Total sales till Q3 FY12 at 409 units with sale value of Rs.127 crores
  • Construction of MARG Junction Mall, one of the largest mixed use developments in Chennai, is on schedule; deals for ~55% of the leasable space in the mall area have been finalized

Commenting on the company’s performance in the quarter ended December 31, 2011, GRK Reddy, Chairman & Managing Director, MARG Limited said, “Our results for the quarter ended December 31, 2011 are very encouraging. Despite the challenging business environment, our income has increased by a healthy 52 percent. This has laid the foundation for MARG to be a billion dollar organisation in the next two years. EPC will continue to be the core thrust area for MARG. MARG Karaikal Port, MARG Swarnabhoomi and MARG ProperTies will be the key growth drivers.”

Performance of Business Verticals

EPC Business

  • EPC revenue of MARG Limited at Rs. 465.2 crores in Q3 FY12, growth of 55% over the Q3 FY11 revenue of Rs.300 crores
  • Current EPC order book at around ~Rs.3250 crores, external orders account for ~35%
  • Continued strengthening of human capital and technological capabilities to focus on specialized projects in the industrial infrastructure space

Marine Infrastructure

Karaikal Port

  • Handled 1.45 MMT of multi cargo during Q3 FY11. Total cargo handled till Q3 FY12 is 4.39 MMT
  • Revenue of Rs. 57.9 crores during Q3 FY 2011-12 (Provisional); Total revenue till Q3 FY12 at Rs.163.9 crores, EBITDA at Rs. 68.7 crores and PAT at Rs. 25.3 crores
  • Received the final Tranche of PE Investment of Rs. 50 Crores from Ascent Capital
  • Handled 294 rakes for the Q3 FY12 and 1,569 rakes since commencement of rake operations
  • Financial Closure for Phase 2A Extension achieved for Rs. 437 crores with four banks
  • Successfully completed the Construction of Berth 3 & 4

Urban and Industrial Infrastructure

MARG Swarnabhoomi

Engineering SEZ

  • Virgo and TVS Kwik Patch have commenced operations
  • MOU signed with Twin Disc U.S for their new marine transmissions manufacturing unit, DC approval obtained
  • LOI’s signed with Tecpro Energy Systems and Eswari Electricals to set up their export oriented unit at the engineering SEZ

Science Park

  • Significant progress made on the Construction of phase-I spread over 210,000 sq ft of Wet Laboratory building, building would be ready for occupation by March,2012

Knowledge Hub

  • Premier Institutions in Australia have shown positive response for tie-ups for vocational education and other allied courses and the education services team is working on structuring business models
  • Talks are in final stages to sign MOU with a leading Malaysian university to set up an international campus in India for offering various courses in design, hospitality, tourism, languages, music and management education

Residential

  • Total of 245 units were sold during Q3 taking the total Swarnabhoomi residential sales since inception to 1687 units
  • “Four Seasons” , a new product in the high rise residential space category was launched in Q3

Real Estate

MARG ProperTies – Residential Business

  • Sale of 98 units (0.11 MSFT) in Q3 2011-2012. Total sales till Q3 FY12 at 409 units with sale value of Rs.127 crores
  • Since Inception (ITD), MARG ProperTies has sold 1660 units (1.79 MSFT) with a booking value of Rs.445 crores
  • Handing over of apartments to the customers has already started in Pushpadruma – 466 units scheduled to be handed over in Q4/2011-2012 and Vishwasakthi Phase 1 – 192 Units is scheduled for handing over in Q4/2011-2012.
  • MARG ProperTies is set to launch a new project in Q4/2011-2012 with 204 units with sale value of Rs.73 crores.

MARG Junction, OMR – Commercial Business

  • Development of the project is on schedule, expected to commence operations in FY13
  • Deals for ~55% of the leasable space have been finalised – healthy pipeline for remaining space
  • Key clients include PVR, Shoppers Stop, Hyper City; mini- anchors confirmed LOI are Reliance Trends, Blue – O and Timezone; Vanilla clients include HP, Ryaban, Archies, Levis, Wrangler, Lee, Woodland, Nike, Mufti, Cannon, Riyaa, Casio, Eva, Denizen, Marry Brown, Dosa Plaza, Kushal Jewelers, among others?
  • Agreement with Shangri-La executed for development of Hotel and Interior Design concept is finalized.

Other Highlights

Awards received

  • GRK Reddy recognized as ‘Outstanding Entrepreneur’ at Asia Pacific Entrepreneurship Award in November 2011 at New Delhi
  • MARG Limited recognized for its “Outstanding contribution in Port Sector projects” at the EPC World Awards 2011 held at Bangalore on 17th Dec 2011
  • In January 2012, GRK Reddy received the Special Jury Award at the Gateway Awards of Excellence 2012 in recognition of his visionary role in building the Karaikal Port

About MARG Group:

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure major with presence across the value chain. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of ‘Permitted Security’.

With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG’s portfolio spans across the entire infrastructure value chain – urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. The group is expanding its sectoral presence with airport projects in Bellary & Bijapur and Multi-level car park projects. Listed by Dun & Bradstreet among “India’s Top 500 Companies 2010”, today MARG Group has projects worth more than Rs. 3000 crores under execution, a seasoned human capital of more than 1300, global partners in the Infra space and offices spread across India, Singapore and China.

For more information, visit http://www.marggroup.com

For More Details :

Company Website : www.margswarnabhoomi.com

For further information contact:

Sakthi Prasanna 
Hanmer MS&L 
M: +91 98842 77251