NewsEarningsUdayshivakumar Infra Reports Mixed Q2 Performance with Revenue Decline and EBITDA RecoveryUdayshivakumar Infra Reports Mixed Q2 Performance with Revenue Decline and EBITDA Recovery
Udayshivakumar Infra Limited's Q2 FY24 results show a slight revenue decline of 0.78% to ₹5,770.73 lakhs. However, EBITDA improved significantly, turning from a loss of ₹569.68 lakhs to a profit of ₹595.68 lakhs, marking a 204.56% increase. The company reduced costs in supply of materials and services by 9.48% to ₹4,974.77 lakhs, contributing to improved operational efficiency. The company received an unmodified audit review for its quarterly results.
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Udayshivakumar Infra Limited , a prominent player in civil contracts, road construction, and smart city development, has released its financial results for the quarter ended September 30, showcasing a mixed performance with notable improvements in profitability despite a slight dip in revenue.
Financial Highlights
The company's financial performance for the quarter presents a nuanced picture:
| Metric | Q2 | Q1 | Change (%) |
|---|---|---|---|
| Revenue | 5,770.73 | 5,816.42 | -0.78 |
| EBITDA | 595.68 | -569.68 | 204.56 |
| Supply of Materials and Services | 4,974.77 | 5,496.74 | -9.48 |
All figures in ₹ lakhs
Revenue and Profitability
Udayshivakumar Infra experienced a marginal decrease in quarterly revenue, which stood at ₹5,770.73 lakhs, down 0.78% from the previous quarter's ₹5,816.42 lakhs. Despite this slight decline, the company demonstrated a remarkable turnaround in its EBITDA performance.
The EBITDA for the quarter surged to ₹595.68 lakhs, marking a significant recovery from the previous quarter's loss of ₹569.68 lakhs. This represents a substantial improvement of 204.56%, indicating enhanced operational efficiency and cost management.
Operational Efficiency
The company's focus on operational optimization is evident in the reduction of costs related to the supply of materials and services. This category saw a decrease of 9.48% quarter-over-quarter, dropping to ₹4,974.77 lakhs. This reduction in costs may have contributed to the improved EBITDA performance, despite the slight dip in revenue.
Audit Review
It's worth noting that Udayshivakumar Infra Limited received an unmodified audit review for its quarterly results. This unqualified opinion from the auditors provides assurance to stakeholders regarding the accuracy and reliability of the financial statements.
Company Overview
Udayshivakumar Infra Limited, formerly known as Udayshivakumar Infra Private Limited, is an infrastructure company engaged in various sectors including civil contracts, NH and PWD road constructions, canal constructions, industrial area development, and smart city road development. The company's diverse portfolio of projects continues to be a key driver of its performance.
Looking Ahead
While the company faces challenges in revenue growth, the significant improvement in EBITDA and the reduction in material and service costs suggest that Udayshivakumar Infra is focusing on enhancing its operational efficiency. As the infrastructure sector continues to be a crucial component of India's economic development, the company's performance in the coming quarters will be closely watched by investors and industry observers alike.
Historical Stock Returns for Udayshivkumar Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.55% | -6.49% | -12.79% | -38.02% | -49.54% | -24.03% |
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