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Revenue from operations for the quarter ending December 31, 2024, stood at ₹4,754.04 crore, reflecting a significant increase from ₹4,215.38 crore in the same quarter last year, marking a revenue growth of approximately 12.8%. Key drivers behind this growth include expanding project opportunities and a robust order book, with management projecting annual revenue growth of around 25% based on current trends.
Net profit for the quarter reached ₹347.77 crore, compared to ₹358.99 crore in the prior year, indicating a minor year-over-year decrease. The Earnings Per Share (EPS) for the quarter was ₹1.25, slightly down from ₹1.29 a year earlier. The decline in profit can be attributed to a rise in operational costs, particularly in areas like personnel expenses and operational overheads.
Total expenses increased to ₹4,370.57 crore, up from ₹3,787.57 crore, primarily driven by higher costs in materials consumed and operational expenditures, which rose by 5.1% and 108.5% respectively from the previous quarter.
In the balance sheet, equity stood at ₹2,790.24 crore, with total comprehensive income of ₹347.22 crore, reflecting the company's strong position for further investments.
The outlook remains optimistic, with a focus on enhanced operational efficiency and strategic expansion initiatives, including investments in joint ventures like Al Hadeetha Mining LLC in Oman. Based on the overall financial performance and strategic positioning, a hold stance is advised for investors, considering the ongoing operational improvements and growth potential.
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