Generic Engineering Construction and Projects logs robust growth of PAT by 22% yoy in Q1FY23

16 Aug 2022 , 10:07 AM

Generic Engineering Construction and Projects Limited, has announced its un-audited financial results for the quarter ended June 30, 202

Performance highlights for Q1FY23

• Total Revenue Revenue for Q1FY23 stood at Rs70.06 crore as compared to Rs52.54 crore in Q1FY22. Growth 33.35% as compared to Q1FY22.
• EBIDTA EBITDA was Rs7.64 crore as compared to EBITDA of Rs6.84 crore in Q1FY23. Growth 11.70% as compared to Q1FY22. 
• PAT PAT stood at Rs3.14 crore, as against PAT of Rs2.57 crore in Q1FY22. Growth 22.18% as compared to Q1FY22.

“The quarter (Q1FY23) witnessed improvement in Company’s financial performance on account of diversified business portfolio, strong order book, and robust execution capabilities. 

The Company intends to manage the business with agility. We will continue to drive consistent and profitable growth through strengthening core business verticals, cost management, scaling up international markets and optimal investments”, the company said in a regulatory filing.

At around 10:11 AM, Generic Engineering was trading at Rs31.45 per share higher by 0.80% on the BSE.