Envirotech Systems Limited — Important, 28-11-2024: Updates

The Board of Directors of Envirotech Systems Limited has approved the financial results for the half-year ended September 30, 2024. Total revenue has decreased to ₹1,674.82 cr, down from ₹1,886.62 cr for the same period last year. The company reported a profit before tax of ₹374.88 cr, compared to ₹306.33 cr in the previous year. Notably, net cash from operating activities fell to ₹(847.04) cr due to substantial changes in working capital.

On the balance sheet, total assets stood at ₹7,280.35 cr, showing significant growth from ₹2,399.04 cr a year prior. Noteworthy is the increase in cash and cash equivalents to ₹1,886.24 cr, reflecting robust financing activities, including proceeds of ₹540 cr from equity shares issued. The improving liquidity position and continued operational efforts suggest a positive outlook for ongoing projects and business expansion, warranting investor attention.