Cost-optimisation efforts helped us maintain profitability
Real Estate

Cost-optimisation efforts helped us maintain profitability

SECTOR: CONSTRUCTION & CONTRACTING JMC ProjectsJMC Projects caters to a range of business segments in various formats with its integrated capabilities spanning the spectrum of EPC solutions with safety, quality and on-time delivery as its three pillars. It continues to evo...

SECTOR: CONSTRUCTION & CONTRACTING JMC ProjectsJMC Projects caters to a range of business segments in various formats with its integrated capabilities spanning the spectrum of EPC solutions with safety, quality and on-time delivery as its three pillars. It continues to evolve, seeking better ways of engineering to meet emerging challenges leveraging the power of ‘people-processes-technology’.The order book of the company is over Rs.100 billion as on May 31, 2019. Shailendra Kumar Tripathi, Deputy Managing Director & CEO, shares more... One major challenge faced in FY2018-19: Changes in RERA and GST and tightening of liquidity in the market were two major challenges we faced. We had a proactive approach in our ERP upgradation project with the latest technology, which enabled us to face dynamic changes in real time. We worked closely with clients and vendors by aligning ourselves to these changes. Financial discipline and costoptimisation efforts across levels helped us maintain profitability and sustained growth. One decision you consider the biggest contributor to the company’s growth in FY2018-19: We were able to win more orders in the water sector. Repeat orders from existing clients, coupled with execution excellence and digital initiatives, provided us the required growth in top-line and bottom-line. Plans for FY2019-20: During the past two to three years, JMC has grown at a healthy pace of over 20 per cent. We are looking at a sizeable pie of projects in roads, flyovers, expressways, railways, urban infra and water this year. Given our successful project implementation in the global arena, we are also targeting to increase the share of our international business in new emerging markets.

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