Stock Report

EMS Limited announces Q4FY24 results

Posted On : 2024-05-30 10:43:15( TIMEZONE : IST )

Ghaziabad-based multi-disciplinary EPC company, EMS Ltd (formerly EMS Infracon Private Ltd), has reported 36.01% jump in Standalone net profit after tax of Rs 46.34 crore for the fourth quarter ended March 31, 2024, as against Rs 34.07 crore in the same period last year on the back of a surge in operating income driven by higher awards of tenders. Revenue from operations grew by 37.57% at Rs 233.94 crore during the quarter ended as compared with Rs 170.05 crore same periods last year. EBITDA grew by 42.05% per cent at Rs 65.43 crore during the quarter under review, as against Rs 46.06 crore same period last year.

For the year ended March 31, 2024, EMS Ltd registered 45.32% growth in Standalone net profit after tax at Rs 149.96 crore, as against Rs 103.19 crore in 2022-23. Revenue from operations grew by 48.55% at Rs 719.36 crore as compared with Rs 484.25 crore last year. EBITDA grew by 44.98% per cent at Rs 210.05 crore during the year ended as against Rs 144.88 crore same period last year.

The Company has reported 32.27% jump in Consolidated net profit after tax of Rs 47.38 crore for the fourth quarter ended March 31, 2024, as against Rs 35.82 crore in the same period last year on the back of a surge in operating income driven by higher awards of tenders. Revenue from operations grew by 28.92% at Rs 245.25 crore during the quarter ended as compared with Rs 190.24 crore same periods last year. EBITDA grew by 37.30% per cent at Rs 68.28 crore during the quarter under review, as against Rs 49.73 crore same period last year.

For the year ended March 31, 2024, EMS Ltd registered 40.25% growth in Consolidated net profit after tax at Rs 152.66 crore, as against Rs 108.85 crore in 2022-23. Revenue from operations grew by 47.41% at Rs 793.31 crore as compared with Rs 538.16 crore last year. EBITDA grew by 41.57% per cent at Rs 219.60 crore during the year ended as against Rs 147.88 crore same period last year.

Shares of EMS Limited was last trading in BSE at Rs. 490.70 as compared to the previous close of Rs. 458.70. The total number of shares traded during the day was 112030 in over 3767 trades.

The stock hit an intraday high of Rs. 499.00 and intraday low of 452.15. The net turnover during the day was Rs. 54147983.00.