While Covid is impacting briefly and there may be some slowdown on the websites, we aren’t anticipating to scale back our price range or capex plan. We are dedicated to roll out our full capex plan and the numbers we’ve dedicated. We will compensate for the momentary delays that are taking place,” Chief Executive Officer Suresh Manglani instructed reporters on Tuesday.
The firm has work happening some websites, albeit at a slower tempo. But it’s typing up with distributors and contractors and hopes to rap up quickly. The firm had mentioned final 12 months that it has plans to take a position round Rs 5,500 crore in 5 years for capital expenditure.
“We are not revising any capex plans and we won’t have any time overruns,” he mentioned.
On Tuesday, the corporate reported a consolidated web revenue of Rs 144.08 crore within the fourth quarter of 2020-21 as towards Rs 121.11 crore a 12 months in the past. The firm’s consolidated whole earnings rose to Rs 633.65 crore within the March quarter from Rs 502.05 crore within the earlier 12 months.
“During the Quarter ended 31st March 2021 the company has written off Rs 4.48 Crore towards expenditure incurred for a geographical area that was bid by the company, pursuant to the order received for withdrawal of contempt petition from Hon’ble Supreme Court,” the corporate mentioned.