EMS Limited Q1 FY25 PAT (Standalone) Surges to Rs. 36.84Crore Q1 FY25 PAT (Consolidated) Reaches Rs. 37.16 Crore Amid Strong Tender Activity and Increased Revenues

Company Foresees Continued Growth on Infrastructure Development especially water supply and sewerage, to enhance urban living and connectivity to provides ample growth opportunities in coming quarters.

The company reported a significant increase of 63.12% in consolidated net profit after tax, to Rs. 37.16 crore for the first quarter ended June 30, 2024, compared to Rs. 22.78 crore in the same period last year. Revenue from operations grew by 49.51% to Rs. 206.28 crore during the quarter, vis-a-vis Rs. 137.97 crore in the same period last year. EBITDA improved significantly to Rs. 52.53 crore during the quarter under review, up by 57.13% from Rs. 33.43 crore in the same period last year.

Ghaziabad-based multi-disciplinary EPC company, EMS Ltd (formerly EMS Infracon Private Ltd), reported a 68.21% increase in standalone net profit after tax, amounting to Rs. 36.84 crore for the first quarter ended June 30, 2024, compared to Rs. 21.90crore in the same period last year. This growth is attributed to a surge in operating income driven by higher execution of works. Revenue from operations grew by 80.62% to Rs. 203.72crore during the quarter, compared to Rs. 112.79crore in the same period last year. EBITDA also grew by 66.58% to Rs. 51.79 crore during the quarter under review, compared to Rs. 31.09crore in the same period last year.

On the company’s performance, Mr Ramveer Singh, Chairman of EMS Ltd, stated “We have witnessed robust growth in our revenues and profits during the first quarter of FY25. Our growing orderbook size not only reflects our extensive expertise in sewerage solutions and water supply systems but is also a testament of growing faith in our capabilities as a turnkey EPC player. This positions us favourably for substantial growth in the coming quarters. Infrastructure development continues to remain a key focus area for the Government to bolster economic growth, enhance connectivity, and improve the quality of life for its citizens. Substantial funds allocated to infrastructure project in the latest budget by the Government, particularly in the sectors of water supply and sewerage systems aligns with its goal ofcreating sustainable urban infrastructure to accommodate the exponential growth of towns and cities.

“These initiatives bode well for us as we foresee a significantly growing order book size in the future. The strategic allocation of resources by the government further strengthens our outlook, providing us with ample opportunities to leverage our expertise and drive significant growth in the upcoming quarters,” he said.

EMS Ltd, during first quarter of financial year 2024-25, i.e quarter ended on 30″ June 2024, has received a Letter of Award in joint venture for the work valuing Rs 535.19 crores (Our 95% Share) from the Uttarakhand Urban Sector Development Agency for the development of a water supply and sewerage system with 18 years Operation & Management period in Vikas Nagar, Uttarakhand. Earlier to this, the company has also received the Letter of Award in joint venture for the work valuing Rs 141.12 crores (Our Share 95%) from Uttarakhand Power Corporation Limited for the development of distribution infrastructure-loss reduction works at EDC Dehradun rural circle of Uttarakhand under revamped reforms based and result-link, distribution sector scheme.

Apart from the above the company has also recently received letter of award in joint venture for the work valuing Rs 119.05 crores (Our Share 26%) from circle office UP Jal Nigam (Rural), 4/4, Sanjay Place, Agra for survey, design, build, operate & transfer of interception & division as well as treatment works with 15 years Operation & Management period.

About EMS Ltd:

Incorporated in 2010, EMS Ltd provides a range of services, including EPC and O&M in sewerage solutions, water supply systems, and wastewater schemes for government authorities and local municipal bodies. The company also engages in electricity transmission and distribution and the manufacture of items used for construction purposes. Headquartered in Ghaziabad, EMS Ltd offers water and sewerage infrastructure solutions, including laying sewerage networks and building sewerage and water treatment plants across Uttar Pradesh, Maharashtra, Bihar, Uttarakhand, and Rajasthan.

EMS Ltd also has a major interest in the electrical contracting business, undertaking turnkey projects across India. It specializes in the construction of 33/11 KV, 66/33 KV, and 132/133 KV substations, internal and external electrification work, and the erection, testing, and commissioning of transformers. The company provides EPC.