Goel Construction Company (the company) reported a substantial jump in its reported numbers, with revenue rising to Rs 12.91 bn, up 294 per cent, and EBITDA increasing to Rs 4.12 bn, up 30 per cent. Profit after tax rose to Rs 410 mn, an increase of 30 per cent, while an outlook metric stood at Rs 290 mn, up 37 per cent. The results were presented as part of the company update and reflected growth across its project portfolio.

The company is described as a specialist contractor with deep experience in the construction of industrial plants and infrastructure projects. Its primary focus remains construction of cement plants, power plants and dairy plants, among other industrial units. The firm reported over 25 years of operating history and a record of timely execution, having completed 100 projects across 13 states.

Management indicated that the firm is exploring opportunities in steel plants and other heavy industrial plants while strengthening its presence in power and new high-potential segments. We are expanding integrated structural and mechanical work to deliver end-to-end project execution and focus on margin improvement and operational efficiency. The company also stated an intention to diversify the order book while maintaining a lean balance sheet with strong cash generation.

The release included a cautionary note that certain statements are forward-looking and based on management's expectations and beliefs regarding future developments and their potential effects. It said these statements are not a guarantee of future performance and involve risks and uncertainties that could cause actual results to differ materially. The company said it does not intend to update any forward-looking statement in the release.