DMR Hydroengineering & Infrastructures Limited - Business Performance Update - Q1 FY24-25

DMR Hydroengineering & Infrastructures Limited (DMR), a leading engineering consulting company in the field of infrastructure, has announced its business updates for Q1 FY24-25.

Significant Events During Q1 FY24-25

- In the year end of FY23-24 results, we reported our order book at Rs. 13.5 crores
- Over Q1FY24-25, we have won additional work of Rs 2.91 crores.

- Total 16 new assignments were bagged in Q1 FY24-25

- Most of the value of these assignments are envisaged to be delivered in the current financial year

- We have received 2 small projects in Bhutan - one with a leading construction company, and another with Bhutan's principal power corporation. These assignments give us good visibility in a fast-growing hydropower industry of Bhutan.

- We have also won detailed design for civil work for a small hydro project in Lao PDR. This is the 2nd project that DMR is currently engaged with in Lao PDR.

- We have continued our presence with IREDA by receiving several of their small hydro and solar project, with DMR acting as lender engineer.

- We continue to aggressively pursue tenders/bids with several of central and state govt PSU's in India and pursue projects with private developers

We continue to expand our engineering teams:

- We have added a very senior and respected dam design expert into our senior engineering team

- We have added 4 entry-to-mid level engineers and 3 CAD engineers

- To support growth and additional working capital requirements, DMR's board has approved a right issue to the maximum size of Rs. 4 crores.

Shares of DMR Hydroengineering & Infrastructures Ltd was last trading in BSE at Rs. 164.85 as compared to the previous close of Rs. 157.00. The total number of shares traded during the day was 7500 in over 5 trades.

The stock hit an intraday high of Rs. 164.85 and intraday low of 164.85. The net turnover during the day was Rs. 1236375.00.

Source : Equity Bulls

Keywords

DMRHydroengineeringandInfrastructures BusinessUpdates Q1FY2025