Friday, May 20,2016 : Parag Shah, Managing Director, Man Infra-construction on throwing their focus on its fourth quarter performance and the way forward, has said that, “the projects in the pipeline will start booking revenues from the second and third quarter of FY17.”

He also said, “The Company presently has Rs 150 crore cash on books. FY17 will be better than FY16”

“The profits in Q4 of the last fiscal year were actually higher at Rs 7 crore but we had to pay the pending CSR (corporate social responsibility) donation of Rs 2 crore and make provisions for Rs 4 crore”, added Shah.

Meanwhile, “there are no pending bad debts on the book now”, he said.

The combined year-on-year FY16 incomes stood at Rs 277 crore versus Rs 275 crore.

YoY EBITDA came in at Rs 36 crore versus Rs 25 crore and margins were at 15.9 % as against 9 %.