DMR Business Performance Update - FY23-24

DMR, a leading engineering consulting company in the field of infrastructure, announced today its financial results for the Second Half and Full Year ended 31st March 2024 (consolidated).

Key Financial Metrics: Full Year (April 2023 - March 2024)

- Revenue increased by 64.8% year-over-year to ₹7.36 crores
- EBITDA at ₹2.35 crores. EBITDA margin at 32%
- Profit after tax increased by 99.1% year-over-year to ₹1.53 crores. Profit after tax margin at 20.8%
- Earnings per share increased by 97.4% year-over-year to ₹4.08
- Cash & Cash Equivalents at ₹3.88 crores

Significant Events During the Financial Year

- Our order book as of 31st March 2024 stands at Rs. 13.5 crores.
- We added 19 new customers during the financial year FY23-24, some of which are significant players in the industry.

- We received 38 new assignments of varying value - 3 international and 35 national assignments. We received projects across varying sectors such as pumped storage, renewable energy, dams, tunnels and hydropower (small hydro and large hydro).

- We have significantly expanded our engineering capability and strength this FY by hiring 5 senior vice-presidents (department heads), 15 entry-to-mid level engineers and 5 CAD engineers. The strength of engineering team increased to 51.

- We have expanded our business development team to 5 professionals.

- We were empaneled as lender engineer for IREDA.

- We signed MoU with other engineering consulting companies to JV/partner and effectively compete in the industry.

Shares of DMR Hydroengineering & Infrastructures Ltd was last trading in BSE at Rs. 134.50 as compared to the previous close of Rs. 128.10. The total number of shares traded during the day was 3000 in over 2 trades.

The stock hit an intraday high of Rs. 134.50 and intraday low of 131.00. The net turnover during the day was Rs. 398250.00.

Source : Equity Bulls

Keywords

DMRHydroengineeringandInfrastructures FY2024 ResultUpdate