Sunil Gutte Spearheads Projects for both Power and Non Power Sector
Sunil Gutte said that the company was on a journey to embark on establishing themselves as a Civil Construction Company. In 2016, the firm had won many projects from non power business, and this was the result of integrated strategies adopted. The EBIDTA for 16 Qtr II has increased by 23.26% from Rs.43.01 Crores to Rs.53.01 Crores in corresponding period last year. The EBITDA Margin has improved by 32 bps from 10.34% in 15 Qtr II to 10.66% in 16 Qtr II.
Mr. Gutte also said that they intended to lead the power and non power business; in the former, they already have extreme expertise. The skilled team of the company is already exploring additional verticals in non power sector. Profit after Tax in 16 Qtr II is Rs.14.84 Crores, a growth of 39.74% compared to corresponding period last year.
The PAT Margin has seen an improvement of 43 bps from 2.55% to 2.98% on YTD basis. Order Book The total unexecuted Order Book as on September 30, 2016, is Rs. 3694.64 Crores. Mr. Gutte had said that they are expecting more orders in 2017 for the particular segment, and creating greater value for the shareholders.
Mr. Sunil was also of the opinion that the focus of the firm was to expand the margins than paying attention to only revenues and compromising the profitability. His belief is that the strong margin will allow them to sustain in the long run.
About Sunil HiTech Engineers Ltd
Sunil Hitech Engineers Ltd was known as M/s. Sunil Engineering Works (SEW) in 1984. It was led by Mr. Ratnakar M. Gutte as a proprietary company. In 1998, the company became a Pvt. Ltd entity and into a Ltd entity on 18th August, 2005. From then on, the firm has enabled India to grow in innovative solutions for construction, power and infrastructure industries. It obtained ISO 9001:2000 certifications.
The company was directly commissioned by National Thermal Power Corporation (NTPC) and many other clients. The company deals in segment of Erection & Testing and Commissioning of Bunkers, Fabrication, TG sets in the Power Plants for private and public sector, ESPs, hydro power plants, and Boilers, and started taking tasks from steel plants.