Marg Constructions’s Income crosses Rs. 140 Crores
BSE Scrip code : 530543
Index : BSESMLCAP
Highlights:
• Total income for the 12 months, ended March 2007, stood at Rs. 141.85 Crores
• Profit After Tax for the 12 months, ended March 2007, at Rs. 29.91 Crores
• EPS for the 12 months ending March 2007 grows by 146 percent to Rs. 28.76
• Current Land Bank at 1,095 Acres
Marg Constructions Limited, India’s fastest growing diversified Infrastructure Development company registered an impressive income of Rs. 141.85 Crores for the year ended March 31, 2007, an increase by over 135 percent compared to an income of Rs. 60.26 Crores for the Fiscal 2005-06. The net profit after Tax for the 12 month period ending March 2007 was Rs. 29.91 Crores as against a PAT of Rs. 8.18 Crores for the Fiscal 2005-06, an increase of 265 percent.
Marg Constructions’s forthcoming projects include development of a Port in Karaikal, a Mall and Serviced apartments on the IT Corridor in Chennai and SEZs in Tamil Nadu. The company’s SPV has recently received approval for establishment of two SEZs in Tamil Nadu on 612 acres of land. As a socially responsible organization, Marg Constructions has partnered with CII to launch the Grassroots Level Skill Development Initiative. This initiative would provide pre-employment skills and technical training to 5000 unskilled workforce in Tamil Nadu by end 2008.
