Q4 2024 Dhruv Consultancy Services Ltd Earnings Call Transcript
Key Points
- Dhruv Consultancy Services Ltd (BOM:541302) reported a year-on-year increase of 15% in total income for Q4 FY24, reaching INR25 crores.
- The company's EBITDA grew by 49% year-on-year to INR2.8 crores, with an EBITDA margin of 11.15%, up by 257 basis points.
- Profit after tax (PAT) saw a significant year-on-year increase of 410%, reaching INR43 lakhs, with a PAT margin of 1.73%, up by 134 basis points.
- The company successfully secured several key projects, including LOAs for highway projects in Maharashtra and Bihar, and consultancy services for projects under Bharatmala Pariyojna in Manipur.
- Dhruv Consultancy Services Ltd is strategically shifting its focus to international markets, with plans to venture into African and Gulf countries, and has established a wholly-owned subsidiary in the UK.
- Despite the positive financial growth, the company's total income for the full fiscal year 2024 showed only a slight year-on-year increase of 0.13%, reaching INR82.41 crores.
- The company's revenue growth for Q4 FY24 was flat, attributed to delays in new orders due to the election code of conduct.
- Total expenses for the year ended March 31, 2024, increased due to higher employee benefit expenses, finance costs, and amortization costs.
- There were delays in payment receipts, particularly for final bills, although digitalization has improved the process.
- The company's profitability in Q4 FY24 was impacted by higher mobilization expenses for new projects and provisions for ECL, leave encashment, and gratuity.
Ladies and gentlemen, good day, and welcome to Dhruv Consultancy Services Limited Q4 FY24 earnings conference call hosted by Kirin Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Sarita Dube from Kirin Advisors. Thank you and over to you, ma'am.
Good afternoon, everyone. Thank you on behalf of Kirin Advisors. I welcome to the conference call of Dhruv Consultancy Services Limited. From the management side, we have Mr. Pandurang Dandawate, Chairman and Non-Executive Director; Ms. Tanvi Auti, Managing Director; Mr. Snehal Patil, CFO.
Now I hand it over the call to Ms. Tanvi Auti, Managing Director. Over to you, ma'am.
Good afternoon, esteemed ladies and gentlemen. I extend the hearty warm welcome to each one of you who have joined us today for Dhruv Consultancy's investor call, where we will
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