IVRCL - IVRCL Infra sees QoQ growth to continue at 40-45%

E Sudhir Reddy, CMD of IVRCL Infrastructures said that they would continue to grow at 40-45% every quarter. "QoQ, this particular quarter could be good but the next quarter because of the monsoon and other things, it could be lower than the first quarters," he added.

Excerpts from CNBC-TV18’s exclusive interview with E Sudhir Reddy:

Q: Take through the kind of growth that you foresee for your company in the next few quarters as it stands for now, given the kind of order book pressure that the market is expecting for most construction companies or equipment makers?

A: I guess overall on YoY basis we would continue to grow at 40-45%. QoQ, this particular quarter could be good but the next quarter because of the monsoon and other things, it could be lower than the first quarters. Then probably we might end up doing 60-70%. I am just giving a hypothetical number - 60% or 70% in Q1; then the next quarter could be 30-35%.

Q: What sort of breakup in your order book will we see from the transportation side, the power transmission side from your building side? What sort of breakup in your revenues this quarter and going forward in FY09 can we see?

A: 65% will come from water and the balance is equally divided among buildings, power and in transportation.

Q: Are there any execution risks that you are factoring in at this point of time. Any delay in the execution of the projects that you currently handling or are looking at bidding for?

A: There is no execution risk in the sense that we are bidding what we are good at and in the locations where we are already present. So I guess that way we are well covered.

Q: What is your current order book position?

A: Almost about Rs 12,000 crore.

Q: What is the timeframe for execution?

A: Next 28 to 36 months.

Link to the article: http://www.moneycontrol.com/india/news/business/ivrcl-infra-sees-qoq-growth-to-continue-at-40-45-/16/52/335277