Banka BioLoo Limited — Updates, 13-11-2024: Press Release

Banka BioLoo Limited reported solid growth for Q2 FY 2024-25, driven by a surge in new orders amounting to ₹21 crore across the Railways and WaSH sectors, bringing total fiscal year bookings to ₹51 crore. Key contracts include significant projects with North Frontier Railways and a major residential sewage treatment plant. The company’s unexecuted order book has expanded to ₹124 crore.

Standalone revenue increased by 34% year-on-year to ₹14.42 crore, contributing to a 29% growth for the first half, totaling ₹26.99 crore. The half-year Profit Before Tax stands at ₹1.06 crore, a major turnaround from a loss of ₹0.82 crore in the previous year, though one-time provisions resulted in a half-year Profit After Tax of ₹-6.10 crore.

Banka BioLoo is entering the Bangalore market through a new sewage treatment partnership, anticipating further growth potential. CEO Vishal Murarka emphasized a focus on efficient execution and cash flow management to drive sustainable and profitable growth. Observers should note the company's expanding operations and strong order pipeline for potential upside.