Dhruv Consultancy’s net profit jumped by 102% in Q1 FY24 while EBITDA Margin expands 1,534 Bps

New Delhi (India), August 14: Dhruv Consultancy Services Ltd.(BSE – 541302: NSE – DHRUV), one of the leading infrastructure consultancy companies in India, reported an unaudited Financial Results for the Q1 FY24 

Key Financial Highlights 

Q1 FY24:

  • Total Revenue of ₹ 11.51 crore, YoY change of -35%
  • EBITDA of ₹ 2.76 crore, YoY growth of 89%
  • EBITDA Margin is 23.97 %, YoY growth is 1,543 BPS
  • Net Profit of ₹ 0.85 crore, YoY growth of 102 %
  • Net Profit Margin is 7.38 %, YoY growth of 500 BPS
  • EPS at ₹ 0.55, YoY growth of 139 %

Speaking on the occasion Mrs. Tanvi Dandawate Auti, Managing Directorof Dhruv Consultancy Services Limited said” We started FY24 with strong growth in profitability. Normally the first quarter is silent on the revenue front but with our strategies in place, we have controlled costs which resulted in a 1,500 bps rise in EBITDA margin while net profit doubled from corresponding period.

Today, we have an order book of over ₹270 crore which gives strong earning visibility for the future. Our quality services and timely execution of projects have enabled us to be a preferred service provider in infrastructure projects. We believe order inflow will continue while our strict control on costs will enhance our profitability. We are quite optimistic about our future growth.”

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