APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
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Interest and Finance charges and Depreciation<br />
Interest andFinance charges stood at `974.35 lakhs and ` 394.69 lakhs respectively for the eight months period ended<br />
November 30, 2010.<br />
Net Profit after tax<br />
As a result of foregoing, the net profit after tax of our company has stood at ` 882.60 lakhs for the eight months<br />
period ended November 30, 2010. This is around 4.39% of total income for the period as compared to 5.12% of total<br />
income during previous financial year. This decrease is due increase in work expenditure which as a percentage has<br />
decreased by 1% as mentioned above.<br />
Comparison of Fiscal Year 2010 with 2009<br />
Contract Revenue:<br />
Contract Revenue has increased by 43.13 % from ` 19,057.07 lakhs in fiscal year 2009 to ` 27,276.40 lakhs in fiscal<br />
year 2010. The increase in Contract Revenue has been due to increased number of projects executed by our Company.<br />
Other Income<br />
Other income as a percentage of total income stood at 2.43% in FY 10 as compared to 2.17% in FY 2009. The<br />
increase in other income has been mainly due to increase in sub-contract commission from ` 228 lakhs to ` 392.58<br />
lakhs and interest income on amount kept as margin money.<br />
Work Expenditure<br />
Work expenditure has been increased by 42.74% from `17,413.48 lakhs in fiscal year 2009 to ` 24,855.17 lakhs in<br />
fiscal year 2010. The increase in Work Expenditure is in line with increase in Contract Revenue. Work expenditure<br />
constitutes 91.12% of our Contract Revenue in FY 2010 and 91.38% in FY 2009.<br />
Staff Cost<br />
Staff cost have increased from ` 224.35 lakhs in the fiscal year 2009 to ` 279.46 lakhs in the fiscal year 2010,<br />
showing an increase of 24.56%. The increase was primarily due to increase in number of employees and increase in<br />
their salaries and wages. We have employed few key managerial personnel in FY 10 for a more focused approach into<br />
the functioning of our Company. This represents .97% of total income and 1.02% of total expenditure.<br />
Administrative expenditure<br />
The administrative expenditure increased from ` 178.80 lakhs in the fiscal year 2009 to ` 303.67 lakhs during the<br />
fiscal year 2010 showing an increase of 69.82% mainly on account of increase in rent and maintenance expenses.<br />
Interest & Finance charges<br />
Interest & Finance charges increased from `1143.37 lakhs for the fiscal year 2009 to ` 1294.57 lakhs for the fiscal<br />
year 2010 showing an increase of 13.22 %. The increase is mainly due to purchase of assets by our Company on hire<br />
purchase.<br />
Depreciation<br />
The depreciation has increased from `469.42 lakhs for the fiscal year 2009 to ` 578.17 lakhs for the fiscal year 2010<br />
showing an increase of 23.17 %. This has due to increase in purchase of fixed assets.<br />
Net Profit after tax<br />
As a result of foregoing, the net profit after tax of our Company has increased from ` 1055.78 lakhs for the fiscal year<br />
2009 to ` 1517.62 lakhs for the fiscal the year 2010 showing an increase of 43.74%.<br />
Comparison of Fiscal Year 2009 with 2008<br />
Contract Revenue<br />
Contract Revenue has increased by 5.27% from ` 18103.53 lakhs in fiscal year 2008 to ` 19,057.07 lakhs in fiscal<br />
year 2009. The increase in Contract Revenue has been due to increased number of projects executed by our Company.<br />
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