Q1 2025 Dhruv Consultancy Services Ltd Earnings Call Transcript
Key Points
- Dhruv Consultancy Services Ltd (BOM:541302) reported a total income of INR 20.02 crores in Q1 FY '25, reflecting a strong year-over-year growth of 73.83%.
- The company's EBITDA reached INR 2.82 crores, showing a modest increase from INR 2.12 crores compared to the previous year.
- Dhruv Consultancy Services Ltd (BOM:541302) has been shortlisted for several significant international projects, including the Dhaka Water Supply Resilience Project and consultancy services for the government of Mozambique.
- The company has a robust order book of INR 646 crores, including an unexecuted order book of INR 303 crores, indicating a strong pipeline and promising future.
- Dhruv Consultancy Services Ltd (BOM:541302) is strategically shifting its focus to international markets, targeting large-scale projects above INR 50 crores, which is expected to significantly enhance revenue growth.
- Profit after tax stood at INR 0.88 crores, indicating a dip in profitability due to higher mobilization expenses in the initial project period.
- Earnings per share remained stable at INR 0.55, showing no growth compared to the previous year.
- The company faces delays in payment receipts, with an average payment cycle ranging from 45 to 120 days depending on the client.
- Dhruv Consultancy Services Ltd (BOM:541302) has no current export contribution in its total order book, with international projects yet to be secured.
- The company has experienced slower evaluation processes for international bids, particularly for World Bank-aided projects, which could delay potential revenue from these projects.
Ladies and gentlemen, good day, and welcome to Q1 FY '25 results conference call of Dhruv Consultancy Services Limited, hosted by Kirin Advisors. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Jainam Savla from Kirin Advisors. Over to you, sir.
Thank you. Good afternoon, everyone. On behalf of Kirin Advisors, I welcome you all to the conference call of Dhruv Consultancy Services Limited. From the management team, we have Mr. Pandurang Dandawate, Director; Mr. Ankit Sonawane, Company Secretary; Mr. Snehal Patil, CFO; and Mr. Rohit, General Manager, Accounts and Finance. Now, I hand over the call to Mr. Ankit Sonawane, Company Secretary. Over to you, sir.
Good afternoon, esteemed ladies and gentlemen. I extend a hearty welcome to each and every one of you who has joined us today for Dhruv Consultancy's investor call, where
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