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 FY12 net up 85% Rs 111 cr


Infrastructure major, MARG Ltd, has reported 85 per cent increase in net profit at Rs 111 crore for the financial year 2011—12.

The city based company registered a net profit of Rs 60 crore in the previous fiscal, a company statement said.

The company’s total revenue for the year ending March 31, 2012 grew by 38.3 per cent to Rs 1,501 crore as against Rs 1,085 crore registered during 2010—11.

“Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation. With EPC continuing to be the core business and MARG Karaikal port, MARG Properties and MARG Swarnabhoomi expected to be strong complementary business units…,” MARG Group CMD, Mr GRK Reddy, said.

MARG Group has projects worth more than Rs 3,250 crores under execution at present and has offices spread across India, Singapore and China, the statement added.

MARG signs MoU with Central Institute of Technology, Australia


Central Institute of Technology and MARG Limited have reached agreement to promote the association in phased manner for a collaborative training model.

A.P. Ganessh Ram, CEO, MARG Swarnabhoomi, and Neil Fernandes, managing director, CIT, MoU.

A.P. Ganessh Ram, CEO, MARG Swarnabhoomi, and Neil Fernandes, managing director, CIT. pose with the MoU.

MARG Limited, one among India’s leading Infrastructure companies, signed a Memorandum of Understanding (MoU) with Central Institute of Technology, Australia to offer various vocational courses in India by setting up a centre at MARG Swarnabhoomi. The MoU was signed in the presence of Neil Fernandes, Managing Director, Central Institute of Technology & AP Ganessh Ram, CEO – MARG Swarnabhoomi and Education Services. The other officials present were Dr.Kiran Sandhu – International project officer and Jamie Mackaway – GM – Strategy & development of Central Institute of Technology.

Central Institute of Technology and MARG Limited have reached agreement to promote the association in phased manner for a collaborative training model. Initially, CIT and MARG will offer vocational courses in the area of Music business, Architectural Technology & Building, Civil, Structural Engineering & Drafting, Furniture and Industry & Interior Design.  Vocational courses in Electronic Engineering, Mechanical Engineering and Drafting, Mining and Interactive Multimedia will be added in the second phase of operations.

Speaking on the occasion, GRK Reddy, Chairman & Managing Director, MARG Groupsaid “The MoU with Central Institute of Technology (CIT) is a proud moment for us. The education city within MARG Swarnabhoomi (EduCity) will soon house leading International education brands from Australia, Singapore, UK, Middle East, US & Malaysia. The partnership with CIT is aimed at addressing the growing demand for quality vocational education in India. The current scenario calls upon highly specialized & globally competitive talent to meet our industrial needs and MARG Swarnabhoomi is advantageously placed for training courses like these as it is a live lab that uniquely combines academia and industrial eco-system with serene lifestyle and living”.

MARG will earmark necessary infrastructure (fully fitted incubation space) upto 1,00,000 Sq.ft. at Amrita Park in MARG Swarnabhoomi for the delivery of selected courses. Both CIT and MARG recognise the value of co-operation in the field of vocational education and training in India and aim to Build the capacity of the Indian vocational education and training sector to support the development of a highly skilled workforce required for the economic development of India.

While signing the MoU, Neil Fernandes, Managing Director, Central Institute of Technology said “We are excited to partner with MARG Swarnabhoomi in creating a unique platform for providing knowledge and instilling self-confidence among tomorrow’s youth. The serene environment at MARG Swarnabhoomi & their excellent infrastructure support coupled with our expertise in offering high quality vocational courses will set standards in academic proficiency along with vocational and entrepreneurial skill development.”

MARG and CIT propose to work together to customise the courses based on the requirement of the Indian Vocational Education market and undertake the phased approach to assess the efficiency and effectiveness. MARG will identify and nominate the trainers who have industry qualifications aligned with the identified courses and CIT will train the trainers nominated by MARG for the identified courses to deliver the courses to students. CIT will also provide the course materials and pedagogy for the selected courses and also assist in assessing the students during and at the end of the course period.

AP Ganessh Ram, CEO – MARG Swarnabhoomi and Education Services said, “India, as a young country with 55% of its population below 30 years of age, requires very good employment opportunities. If India could impart good vocational education to its young population, it will succeed in preparing the youth as a formidable work-force of international quality. In the manufacturing and services sector there are hundreds of skills and vocations for which there is a worldwide shortage. India, even after 65 years of Independence, has not created good vocational training institutions. MARG’s and CIT’s association is aimed at bridging the gap.”

Both CIT and MARG will jointly host industry workshops and seminars on international vocational education developments. Seminars and workshops will be held on a needs basis either in India or Western Australia for the purpose of facilitating the mutual understanding between the training institutions and improving the capability of Indian training institutions. It will also develop and promote programs that are based on the Australian Qualification Training Framework, including quality assurance standards, Training Packages and assessment frameworks, customised to India’s skill development requirements.

MARG’s education initiatives are aimed at MARG Swarnabhoomi emerging as an education cluster for a New Economy. MARG has an educational focus aimed at meeting the growing global demand for skilled workforce by empowering young individuals with the necessary skill sets to bridge the socio-economic divide. These initiatives under a trust titled ‘Swarnabhoomi Academy of Institutions (SAI)’ will provide a platform for world class education with International faculty, shaping young minds and creating knowledge based society. SAI includes the Swarnabhoomi Academy of Music (SAM), MARG Institute of Design and Architecture Swarnabhoomi (MIDAS) and MARG Navajyothi Vidyalaya (affiliated to Central Board of Secondary Education).

Education is the fundamental building block of MARG Swarnabhoomi’s ecosystem. For this purpose, infrastructure and association are being created to cater right from elementary to higher education. And the educational institutes collaborating from India and abroad will transform MARG Swarnabhoomi as the intellectual capital with thriving high-quality human resource.

Source:http://www.indiainfoline.com/Markets/News/MARG-signs-MoU-with-Central-Institute-of-Technology-Australia/5401180939