Dhruv Consultancy Reported an Astonishing 94.33% Surge in EBITDA for Q3 FY24
Mumbai (Maharashtra) [India], February 16: Dhruv Consultancy Services Ltd. (BSE – 541302: NSE – DHRUV), one of the leading infrastructure consultancy companies in India, reported an unaudited Financial Results for the Q3 & 9MFY24.
Key Financial Highlights:
Q3 FY24
• Total Income of ₹ 22.85 Cr, YoY growth of 2.01%
• EBITDA of ₹ 4.97 Cr, YoY growth of 94.33%
• EBITDA Margin of 21.73%, YoY growth of 1033 Bps
• Net Profit of ₹ 2.71 Cr, YoY growth of 48.46%
• NPM (%) of 11.86%, YoY growth of 371 Bps
• EPS Basic of ₹ 1.79, YoY growth of 47.93%
9M FY24
• Total Income of ₹ 57.41 Cr, YoY growth of -5.18%
• EBITDA of ₹ 11.96 Cr, YoY growth of 42.09%
• EBITDA Margin of 20.84%, YoY growth of 693 Bps
• Net Profit of ₹ 5.48 Cr, YoY growth of 15.93%
• NPM (%) of 9.55%, YoY growth of 174 Bps
• EPS Basic of ₹ 3.61, YoY growth of 15.34%
Speaking on the occasion Mrs. Tanvi Dandawate Auti, Managing Director of Dhruv Consultancy Services Ltd. Said “Our robust financial performance, including a 94.33% surge in EBITDA to ₹4.97 Crores, reflects our commitment to quality services and our expanding presence in high-margin projects. As we contribute proudly to the country’s infrastructure development, our focus on profitability expansion remains unwavering.
Simultaneously, we are strategically increasing our market share domestically and leveraging our extensive experience to enter international markets. With a solid order book exceeding ₹350 crores, we not only ensure future earnings visibility but also affirm our position as a leading consultancy player, laying a strong foundation for future growth.
These financial achievements not only attest to our resilience and strategic prowess but also validate the dedication of our entire team. Commendations to each member for their hard work and contributions to these exceptional outcomes. We eagerly anticipate continued success and growth in the upcoming quarters.”
| Highlights for Q3 FY24 (October 2023 – December 2023) | |
| “Letter of Award (“LOA”) for Consultancy Services towards Independent Engineer Services for the work in the State of Jharkhand on HAM Mode. | • Independent Engineer Services for 4-Laning of NH-39 (old NH-75) from design Km 147.540 (existing km 148.020) (Bhogu Village) to design – 196.870 (existing km97.4200) (sankha Garhwa Road) in the State of Jharkhand on HAM mode • The contract price for the said Project – ₹5.26 Cr. |
| “Letter of Award (“LOA”) for Consultancy Services towards Independent Engineer Services for the work in the State of Telangana on DBFOT Mode. | • Independent Engineer Services for 4-Laning of Hyderabad-Yadgiri section of NH-163 from Km.18+600 to Km.54+000 in the State of Telangana under NHDP Phase III on Design, Build, Finance, Operate and Transfer (DBFOT) mode. • The contract price for the said Project – ₹4.50 Cr. |
| “Letter of Acceptance (“LOA”) for Consultancy Services towards Authority’s Engineer Services for the work in the State of Uttar Pradesh on EPC Mode. | • Consultancy Services for Authority Engineer for supervision of “construction of one Flyover at Km 2+735 and one Major Bridge at Km 31+260 on NH-730 in the State of Uttar Pradesh under EPC mode • The contract price for the said Project – ₹1.36 Cr. |
| “Letter of Award (“LOA”) for Consultancy Services towards Independent Engineer Services for the work in the State of Andhra Pradesh. | • Independent Engineer Services for 4-Laning of NH-716 from Kadapa (Junction with Kadapa Bypass Road) (Design Km 0.000/ Existing Km 260.652 of NH 716) to Chinnaorampadu (Design Km 196.125) (Design length 64.200 km) (Package – 1) under Bharatmala Pariyojana in the State of Andhra Pradesh under HAM mode. • The contract price for the said Project – ₹5.40 Cr. |
| “Letter of Award (“LOA”) for Consultancy Services towards Authority Engineer Services for the work in the State of Uttar Pradesh. | • Authority Engineer Services for Development of Six Lane greenfield Ring Road (Package-l) starts from Design Ch. 0+000 to Design Ch. 23+325 (Length = 23.325 kms) around Kanpur City & Development of Six Lane greenfield Ring Road (Package-IV) starts from Design Ch. 68+650 to Design Ch. 934209 (Length = 24.559 kms) around Kanpur City in the state of Uttar Pradesh on EPC mode. • The contract price for the said Project – ₹11.15 Cr. |
| “Letter of Award (“LOA”) for Consultancy Services towards Independent Engineer Services for the work in the State of Gujarat. | • Independent Engineer Services for Upgradation to Six Lane of Existing Four lane Samakhiyali to Santalpur Section from Km. 339+200 to Km. 4304100 on National Highway No. 27 in the state of Gujarat on Design, Built, Finance & Transfer, BOT (Toll) Mode. • The contract price for the said Project – ₹5.49 Cr. |
| Substantial Acquisition of Shares and Takeovers | • Jayashri P Dandawate (Promoter & Director) acquire 4,750 Equity Shares of Dhruv Consultancy Services Limited during Q3 FY24 |
| Shortlisted as Consultant for pre-feasibility, feasibility study, and preparation of Detailed Project Report of West Urban Corridor Development Projects in Nepal. | • Shortlisted to submit the Request for Proposal (RFP) for providing consultancy services for pre-feasibility, feasibility study, and preparation of detailed project report of West Urban Corridor Development Projects in Nepal |
| “Issuance of LOA” – Independent Engineer services during Operation & Maintenance for a Period for 2 laning for the Project in the State of Bihar on DBOT Annuity mode. | • Independent Engineer services during Operation & Maintenance Period for 2 laning of Khagaria – Purnea Section of NH – 31 from Km. 270.00 to Km. 410.00 in the state of Bihar under NHDP III on Design, Built, Finance, Operate and Transfer (DBOT) Annuity mode. • The contract price for the said Project – ₹5.57 Cr. |
