Riverfront Development Phase 1 — Embankment, Promenade & Interceptor Sewer

Profit bridge — financing lens

Expected operating profit before financing

₹7.68 Cr12.0%

= gross profit to date ₹63.1 L + remaining work ₹58.74 Cr × planned 12% margin

Borrowing interest & fees incurred Realised

−₹12.5 L

Forecast borrowing interest to repayment Forecast

−₹16.2 L

₹1.8 L of it because collections arrive after their due dates

Revised profit after financing

₹7.39 Cr11.6%

Illustrative collection loss Illustrative

−₹8.0 L

Probability-weighted penalties & write-offs Illustrative

₹0

Profit after illustrative losses Illustrative

₹7.31 Cr11.4%

The baseline margin already includes direct costs (materials, subcontract, site payroll, equipment). It excludes financing, head-office overheads and company term-loan interest, so the deductions above are not double counted. Retention is timing, not cost.

• Financing lens: Falls below the 8% target: not within 3 years of further delay. Breaks even: not within 3 years of further delay.
• Opportunity lens: Falls below the 8% target: not within 3 years of further delay. Breaks even: not within 3 years of further delay.