Q3FY17 Results: MEP Infrastructure Developers Ltd.
Bhagyashree Vivarekar / 14 Feb 2017
On Monday, MEP Infrastructure Ltd. reported its results for the quarter ended on December 31,2016.The total sales for this quarter, Q3FY17, came in at Rs 175.17 crore. This represents a 8.46 per cent sequential decline and 1.12 per cent YoY decline.
On Monday, MEP Infrastructure Ltd. reported its results for the quarter ended on December 31,2016
The total sales for this quarter, Q3FY17, came in at Rs 175.17 crore. This represents a 8.46 per cent sequential decline and 1.12 per cent YoY decline.
Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 12.19 crore and the EBIT margin stood at 6.96 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs 1.97 crore, which represents a sequential QoQ decline of 52.64 per cent and a YoY decline of 71.45 per cent.
The company is an established and leading player in tolling operations in the road infrastructure sector, with a pan-India presence. The company focuses on pure toll collection projects as well as operate-maintain-transfer (OMT) projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by the third parties.
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