Dhruv Consultancy Services Limited — Updates, 12-11-2024: Press Release

Dhruv Consultancy Services Limited reported robust financial performance for Q2 and the first half of FY25. For Q2, total revenue reached ₹32.92 Cr, reflecting a year-over-year growth of 42.88%. The EBITDA stood at ₹3.95 Cr, resulting in an EBITDA margin of 12%. The company posted a net profit of ₹1.89 Cr, equating to a net profit margin of 5.73% and a diluted EPS of ₹1.17. For H1, total revenue surged to ₹52.93 Cr, a growth of 53.19%, with EBITDA of ₹6.77 Cr and a diluted EPS of ₹1.72.

Management indicates strong revenue momentum driven by a healthy order book, with the order book value as of September 2024 at ₹666.90 Cr. Recently, Dhruv completed a preferential allotment of 30,77,800 equity shares at ₹108 per share, raising ₹33.24 Cr. Significant contracts include a ₹5.7 Cr project from GSRDCL in Gujarat and a first international contract in Mozambique valued at $500,000. The outlook remains positive as the company makes strides in operational efficiency and explores strategic growth opportunities.