APR Constructions Limited - Saffron Capital

Particulars
Discussion on Results of Operations
Eight Months Period
ended
30-11-10 % of
Total
Incom
e
2010 % of
Total
Incom
e
Year ended 31st March
2009 % of
Total
Incom
e
2008 % of
Total
Incom
e
(Rs in Lakhs)
2007 % of
Total
Incom
e
INCOME
Contracts Revenue 18,502.70 91.95 27,276.40 92.01 19,057.07 90.58 18,103.53 90.43 13,108.77 89.89
Other income 425.04 2.11 721.47 2.43 455.81 2.17 579.49 2.89 851.45 5.84
Increase in Work-in-progress 1,194.71 5.94 1,647.28 5.56 1,526.87 7.26 1,335.89 6.67 622.74 4.27
Total Income 20,122.45 100.00 29,645.15 100.00 21,039.75 100.00 20,018.91 100.00 14,582.96 100.00
EXPENDITURE
Work Expenditure 17,064.18 84.80 24,855.17 83.84 17,413.48 82.76 17,410.65 86.97 12,099.45 82.97
Staff Cost 195.22 0.97 279.46 0.94 224.35 1.07 139.30 0.70 62.60 0.43
Administrative Expenditure 157.89 0.78 303.67 1.02 178.80 0.85 159.91 0.80 159.94 1.10
Interest & Finance charges 974.35 4.84 1,294.57 4.37 1,143.37 5.43 450.16 2.25 298.60 2.05
Depreciation 394.69 1.96 578.17 1.95 469.42 2.23 282.21 1.41 214.36 1.47
Total Expenditure 18,786.33 93.36 27,311.04 92.13 19,429.42 92.35 18,442.23 92.12 12,834.95 88.01
Profit before tax Taxation 1,336.12 6.64 2,334.11 7.87 1,610.33 7.65 1,576.68 7.88 1,748.01 11.99
Current Tax 470.01 2.34 805.50 2.72 492.39 2.34 527.05 2.63 600.79 4.12
FBT etc., - - - - 8.32 0.04 4.47 0.02 3.67 0.03
Deferred tax, (16.49) (0.08) 10.99 0.04 53.84 0.26 19.69 0.10 27.15 0.19
Net Profit after tax 882.60 4.39 1,517.62 5.12 1,055.78 5.02 1,025.47 5.12 1,116.40 7.66
No audited accounts were made for corresponsing stub period during the previous Financial Year and hence
no comparison has been done
Results of operations from April 01, 2010 to November 30, 2010
Contract Revenue:
Contract Revenue for the eight months period ended November 30, 2010 was ` 18,502.70 lakhs. Contract Revenue
comprised 91.95% of the total income of our Company.
Other Income
Other income as a percentage of total income stood at 2.11% for the eight months period ended November 30, 2010.
Other income includes sub contract commission amounting to ` 314.47 lakhs and interest income of ` 83.42 lakhs etc.
Work Expenditure
Work expenditure at ` 17,064.18 lakhs constitutes 84.80% of total revenue respectively for the eight months period
ended November 30, 2010. This is marginally higher at 1% more than the expenditure during the previous financial
year.
Staff Cost
Staff cost stood at ` 195.22 lakhs for the eight months period ended November 30, 2010. This is around 0.97% and
1.04% of total revenue and expenditure respectively for the eight months period ended November 30, 2010. This is
also in line with the respective percentages during the previous two financial years.
Administrative expenditure
The administrative expenditure stood at ` 157.89 lakhs for the eight months period ended November 30, 2010.
Administrative expenditure mainly include legal and professional charges, rent, rates and taxes etc. This is around
0.78% and 0.84% of total revenue and expenditure respectively for the eight months period ended November 30,
2010.
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