**Financial Highlights:** For the nine months ended December 31, 2024, Likhitha Infrastructure reported revenues of ₹376.72 Cr, showing an increase compared to ₹350.77 Cr in the same period last year. In Q3 FY25, revenues reached ₹126.29 Cr against ₹100.59 Cr in Q3 FY24. EBITDA followed a similar positive trend, with figures at ₹74.99 Cr for Q3 FY25, up from ₹25.23 Cr in Q3 FY24. The EBITDA margin slightly declined to 19.24% from 24.70% year-over-year.
**Strategic Initiatives and Growth Drivers:** The company has a strong outstanding order book of approximately ₹1,300 Cr, indicating robust demand in City Gas Distribution and Cross Country Pipeline Projects. With ongoing projects across 20 states, Likhitha is well-positioned for growth.
**Business Developments:** Likhitha Infrastructure continues to expand its operational footprint with partnership efforts and the completion of projects both in India and internationally, including a recent joint venture in Saudi Arabia.
**Market Position and Competitive Advantage:** The company benefits from a diversified portfolio and a solid client base, enhancing its competitive standing in the oil and gas sector.
**Investor Implications:** With increasing revenues and a substantial order book, Likhitha Infrastructure presents a positive outlook for growth, suggesting that investors should monitor its performance closely for potential upside.