Cost-optimisation efforts across all levels helped us maintain profitability

01 Sep 2019 CW Team

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....

Name one major challenge faced in FY2018-19. How did the company tackle it?

Changes in regulatory norms like 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 cost-optimisation efforts across all levels helped us maintain profitability and sustained growth during the year.

Name one decision you consider the biggest contributor to the company’s growth in FY2018-19.

In FY18-19, we were able to win more orders in the water sector. Our repeat orders from existing clients, coupled with execution excellence and digital initiatives, provided us the required growth in both the topline and bottomline.

What is one single factor you avoided that could have otherwise impacted the company’s topline and bottomline?

Given the tight liquidity in the prevailing market, we have taken a conscious call to lay emphasis upon financial due diligence and closure before we decide to participate in a bid for any project. Our philosophy has always been on scalability and business sustainability by engaging various stakeholders, performing to the best of our ability and creating value.

What are your plans for the company’s growth in FY2019-20?

During the past two to three years, JMC has grown at a healthy pace of 20+ percent. Considering the Government’s push on infrastructure, 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.

JMC Projects (India)	Net Sales	EBITDA	Reported PAT
FY19 (Rs Billion)	34.07	4.56	0.76
Growth over FY18 (%)	17.97	14.90	185.44

JMC Projects is a construction and infrastructure company with operations spread across India, SAARC and Africa. It 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. Over three decades of a strong, customer-focused approach and a sharp focus on world-class quality have enabled it to maintain a leadership position in its major lines of business. Characterised by professionalism and high standards of corporate governance and sustainability, JMC 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....Name one major challenge faced in FY2018-19. How did the company tackle it?Changes in regulatory norms like 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 cost-optimisation efforts across all levels helped us maintain profitability and sustained growth during the year.Name one decision you consider the biggest contributor to the company’s growth in FY2018-19.In FY18-19, we were able to win more orders in the water sector. Our repeat orders from existing clients, coupled with execution excellence and digital initiatives, provided us the required growth in both the topline and bottomline.What is one single factor you avoided that could have otherwise impacted the company’s topline and bottomline?Given the tight liquidity in the prevailing market, we have taken a conscious call to lay emphasis upon financial due diligence and closure before we decide to participate in a bid for any project. Our philosophy has always been on scalability and business sustainability by engaging various stakeholders, performing to the best of our ability and creating value.What are your plans for the company’s growth in FY2019-20? During the past two to three years, JMC has grown at a healthy pace of 20+ percent. Considering the Government’s push on infrastructure, 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. .tg {border-collapse:collapse;border-spacing:0;} .tg td{font-family:Arial, sans-serif;font-size:14px;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;border-color:black;} .tg th{font-family:Arial, sans-serif;font-size:14px;font-weight:normal;padding:10px 5px;border-style:solid;border-width:1px;overflow:hidden;word-break:normal;border-color:black;} .tg .tg-eohl{font-weight:bold;background-color:#ffcb2f;color:#343434;border-color:inherit;text-align:right;vertical-align:top} .tg .tg-v56s{font-weight:bold;background-color:#ffcb2f;color:#343434;border-color:inherit;text-align:left;vertical-align:top} .tg .tg-5agr{color:#343434;border-color:inherit;text-align:left;vertical-align:top} .tg .tg-39dc{color:#343434;border-color:inherit;text-align:right;vertical-align:top} JMC Projects (India) Net Sales EBITDA Reported PAT FY19 (Rs Billion) 34.07 4.56 0.76 Growth over FY18 (%) 17.97 14.90 185.44

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..