Also, profit before interest lease depreciation and tax (PBILDT) declined 53.52% to Rs. 107.12 crore as against Rs. 230.50 crore. However, the PBILDT margin of the group has declined from 17.62% in FY18 to 8.12% in FY19.
Its total operating income remained flat at Rs. 1319.52 crore compared to Rs. 1308.21 crore in the previous fiscal. The group reported gross cash accruals of Rs. 78.26 crore against term debt repayment (prepayment) of Rs. 26.99 crore in FY19. In Q1 FY20, the group has reported a net profit of Rs. 15.70 crore on a total operating income of Rs. 365.55 crore.
In the current development, ABP is planning to shift its unit at Barjora to Barasat unit and also plans to refurbish its 10-year-old plant at Barasat. The estimated cost of the project is around Rs. 35 crore which is expected to be funded from internal accruals.
ABP News Network (ANN), one of its subsidiaries, has expansion plans and also plans for technology up-gradation which requires significant capital expenditure. The size of the CAPEX is large vis-à-vis net-worth of ANN as on Mar 31, 2019. Successful implementation of the same is a key rating sensitivity.