EMS Limited — Updates, 12-11-2024: Press Release

EMS Ltd reported strong financial growth for the half-year ended September 30, 2024. Standalone net profit surged 29.51% to Rs. 86.37 crore, supported by a 41.10% increase in operating income, which reached Rs. 435.34 crore. EBITDA improved by 30.25% to Rs. 121.84 crore, highlighting the positive effects of increased project execution.

In the consolidated results, net profit rose 27.41% to Rs. 86.82 crore, with operating income growing 26.19% to Rs. 439.75 crore. EBITDA for the consolidated period increased by 25.50% to Rs. 123.10 crore. The company anticipates further growth opportunities, particularly in infrastructure development, especially within water supply and sewerage projects, which are crucial for urban development and connectivity.

EMS Ltd has recently secured a Letter of Award for a joint venture project valued at Rs. 681.49 crore from the Kolkata Municipal Corporation for pollution abatement work, expected to be completed over 30 months. This contract strengthens the company's order book and aligns with government initiatives focused on sustainable urban infrastructure.