Although MBL Infrastructures witnessed some erosion in its bottomline in FY13 compared to FY12, its FY14 performance has been robust. Anjanee Kumar Lakhotia, Chairman & Managing Director, MBL Infrastructures Ltd, attributes this to innovation in every sphere of work culture. ¨This helped us bid, win and execute some of the best projects across India,¨ he says. ¨Our strategy is to go slow and steady when others are racing against each other, and to go fast when they take respite.¨
Besides, MBL has been very selective in the bidding process for selection of its clientele and particular about its financial model. According to Lakhotia, ¨We went slow in 2012-13; and, since then, we received good quality orders and executed them, which enabled us to grow the topline and bottomline during this challenging year.¨
Keeping the company safe in FY14 was its business model that included the right debt-equity ratio, proper distribution of long-term funds into investment in plant and machinery, investment in BOT projects and net margin for working capital. ¨We did not compromise with the quality of our orderbook and kept our fundamentals intact,¨ affirms Lakhotia.