Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Tuesday, June 07, 2016

Lanco Infratech Ltd: Buy
CMP: Rs.4.10
Lanco Infratech Ltd has posted a loss of Rs.200.71 crore for the fourth quarter ended March 31, 2016, against a loss of  Rs.586.29 crore for the corresponding quarter last year.

Turnover for the quarter was Rs.2559.89 crore against Rs.2276.89 crore for the corresponding quarter last year.

The company has managed to bring down its loss to Rs.265.60 crore for the financial year ended March 31, 2016, against a loss of Rs.2036.74 crore for the previous year.

The income for the year was up at  Rs.9762.90 crore against Rs.9542.58 crore for the previous year.

Its EPC order book consisting of power, solar and others stood at Rs.27,079 crore, 80% of which is internal projects.

Lanco is present in EPC, conventional and solar power generation, coal mining and infrastructure and property development.  

The EPC sector and the power sector together contributed to 87% of the gross revenues. EPC and construction sector contributed to 37% of the gross revenue

Power sector contributed to 50 per cent of the gross revenues. The company has a total outstanding receivables of Rs.17,81.6 crore from various state electric utilities as of March 2016. 

Better performance by operational assets helped Lanco Infratech recover from losses in the earlier quarters. 

The Gurgaon-based company had recorded a consolidated profit of Rs.137 crore during the quarter ending December 31, 2015 bringing down its cumulative loss for the first nine months by 95% to Rs.65 crore against Rs.1,412 crore in 2014-15.

The company posted a consolidated net profit of Rs.98.98 crore in the second quarter of the current fiscal after a gap of three years.

In a statement accompanying the results, the group said approved CDR scheme and additional funding to the company and the lenders approvals of the cost overrun proposals for the projects under construction and the effort to bring strategic investors, disposal of assets, would also bring in the additional cash flows into the system.

T Adibabu, Chief Operating Officer, Finance, said, “A number of issues relating to fuel and tariff for power projects have been sorted out, and the funding for ongoing projects is also likely to get better. This will enable the company to run power plants and also help expedite EPC works this year.”

On stake sale talks which the company has been engaged in, Adibabu said, “We are in talks with several potential investors and companies, over the past 24-30 months. The macro economic conditions are just beginning to get better for infra companies. This will enable us to strike couple of deals.”

Once, it has good cash flows and lenders continue to extend their support, it will be able to boost the EPC business as well.

Therefore, buy the shares of Lanco Infratech Ltd at the CMP of Rs.4.10, for targets of Rs.6.5-7.4, in the short term. 
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