Dhruv Consultancy reports 463% yoy growth in EBITDA for 9M FY22; Stock gains 2%

17 Feb 2022 , 01:20 PM

Dhruv Consultancy Services Limited, one of the leading infrastructure consultancy company in India has announced it’s Unaudited Financial Results for Q3 & 9M FY22 on Thursday.

Key Highlights:

• Total Income for 9M FY22 at Rs55.34 crore, 37.5% yoy growth
• EBITDA for 9MFY22 at Rs9.53 crore, 463% yoy growth
• Reported PAT for 9MFY22 at Rs6.06 crore returns to profit
• Order Book as on date Rs214.25 crore

Speaking on the occasion Tanvi Auti, Managing Director of Dhruv Consultancy Services Limited said – “For the period ended December 31, 2021 we have seen strong performance as we have put pandemic worries behind us and almost returning to pre-pandemic levels.

During the period we have seen strong inflows of new orders which had helped us for making our order book position strong as on date we have an order bookof 214.25 Cr which is providing strong visibility for our business in near future with robust growth possibility.

Further on January 18% 2022 we had announced fund raising through Preferential Issue. the fund raised through this will help us in adding new work orders and fund the working capital requirements which will also improve the financial health of the company.

Improving highway infrastructure to improve connectivity is still one of the main focus area for the Government of India which is a very positive tailwind for the infrastructure industry.”

At around 1:21 PM, Dhruv Consultancy was trading at Rs57 per piece higher by 1.88% on Sensex.