DESCO INFRA Reports 94% Growth in H1 Net Profit
DESCO INFRA announced strong financial results for the first half. Net profit increased by 94% to ₹62.00 crore, while revenue grew by 86% to ₹420.00 crore. EBITDA rose by 78% to ₹87.00 crore, although the EBITDA margin slightly decreased by 80 bps to 20.70%. The results indicate robust growth and operational efficiency, despite a marginal decline in EBITDA margin.
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DESCO INFRA, a prominent player in the infrastructure sector, has announced financial results for the first half, showcasing substantial growth across key metrics.
Financial Highlights
| Metric | H1 (Current Year) | H1 (Previous Year) | YoY Change |
|---|---|---|---|
| Net Profit | ₹62.00 crore | ₹32.00 crore | +94% |
| Revenue | ₹420.00 crore | ₹226.00 crore | +86% |
| EBITDA | ₹87.00 crore | ₹49.00 crore | +78% |
| EBITDA Margin | 20.70% | 21.50% | -80 bps |
Strong Revenue and Profit Growth
DESCO INFRA has reported a 94% year-over-year increase in net profit for the first half, reaching ₹62.00 crore compared to ₹32.00 crore in the same period last year. This substantial growth in profitability underscores the company's operational efficiency and market strength.
The company's revenue also saw a surge, climbing to ₹420.00 crore from ₹226.00 crore in the previous year, marking an 86% increase. This robust top-line growth indicates strong demand for DESCO INFRA's services and successful project execution.
EBITDA Performance
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a rise, increasing from ₹49.00 crore to ₹87.00 crore, representing a 78% year-over-year growth. This improvement in EBITDA suggests enhanced operational efficiency and cost management.
However, the EBITDA margin experienced a slight decline, moving from 21.50% to 20.70%. This marginal decrease of 80 basis points in EBITDA margin may be attributed to factors such as increased input costs or changes in project mix.
Conclusion
DESCO INFRA's first-half results demonstrate the company's performance in the infrastructure sector. The growth in revenue and net profit positions the company favorably. While the slight dip in EBITDA margin warrants attention, the overall financial performance remains strong, reflecting DESCO INFRA's operations in the current market environment.
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