BY NILESH WAGHELA
Mitsu Chem’s Total Income Up 23%
Mumbai: Mitsu Chem Plast Limited (Mitsu) (BSE:540078), One of the largest manufactures of Blow Molding, Injection Molding and Customized Molding, announced its unaudited Financial Results for Q3 & 9M FY23.
Key Financials at a Glance:
9M FY23
· Total Income for 9M FY23 at ₹. 226.16 Cr
· EBITDA for 9M FY23 at ₹. 19.02 Cr
· PAT for 9M FY23 at ₹. 8.51 Cr
· EPS for 9M FY23 at ₹. 7.05
Q3 FY23
· Total Income for Q3 FY23 at ₹. 71.65 Cr
· EBITDA for Q3 FY23 at ₹. 5.25 Cr
· PAT for Q3 FY23 at ₹. 1.81 Cr
· EPS for Q3 FY23 at ₹. 1.50
Commenting on the performance, Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said,
“Increase in Raw material prices continues to be the concern for the quarter which are increasing due to various reasons like Inflation & Geopolitics which is giving some pressure on our margins but we have been able to maintain our EBITDA.
We have been working on continues basis to improve our margins through operating efficiency and improving product mix.”
Mitsu Chem Plast Limited (BSE – 540078) is a certified polymer based molded products manufacturing company, engaged in the business of manufacturing and marketing of technically driven innovative products catering to growing industry sections like, Industrial Packaging Solutions, Automotive Components, Healthcare Products, Infrastructure related products & Emergency Handling Solutions with an in-house testing and quality control systems and machines.
The key products of the company are Molded Industrial Plastic Packaging products such as Drums, Jerry Cans, Bottles, Jars and its accessories; Infrastructural furniture parts such as chair shells; Hospital Furniture Parts such as Panels, Railings, Planks, Trolley Parts; Rescue & Safety Equipment such as Spine Board; Automotive Components such as Washer Tanks, Rainhood.
The company majorly supply’s to OEMs of various industries such as chemical, pharmaceutical, dyes, agro-chemical, disinfectants, diagnostic, hospital & infrastructure furniture, automotive manufacturers.
The Company has diversified the product portfolio by entering into new product viz. pails to cater to lubricant, paints, ink and the food (FMCG) industry.
The Journey of the Company started 32 years back with a plant situated at Boisar, Tarapur and have enlarged its wings up to three manufacturing units situated in Maharashtra i.e. Two (2) units situated at Boisar, Tarapur and one (1) unit in Khalapur.
Patel Engineering declared lowest (L1) for new orders aggregating Rs. 1,5676.24 Mn.
Patel Engineering Ltd. Along with it’s Joint Venture Partners have been declared lowest (L1) for new orders aggregating Rs. 1,5676.24 Mn., our share 10,090.56 Mn.
Mumbai: Patel Engineering Limited, a civil construction Company specialized in the hydropower and irrigation sector, today announced that they have been declared lowest bidder (L1) for the below mentioned projects. These projects will be executed in Joint Ventures. All the Projects are scheduled to be completed in a period of 36 months.
Projects Description;-
Rihand Micro Irrigation Project by Department of Water Resources, Madhya Pradesh.
Construction of a Pressure irrigation system to supply water through the Rising/ Gravity mains by pressurized pipeline system for micro irrigation under Rihand Micro Irrigation Project, State of Madhya Pradesh
Krishna Marathwada Irrigation Project – Lift Irrigation Scheme 01 –
By Water Resources Department, Government of Maharashtra
Investigation, design, construction, testing, commissioning of works comprising of civil and allied works under lift irrigation scheme no.1 of Krishna Marathwada Irrigation Project, Dist. Osmanabad, State Maharashtra
Krishna Marathwada Irrigation Project – Lift Irrigation Scheme 02 –
By Water Resources Department, Government of Maharashtra
Investigation, design, construction, testing, commissioning of works comprising of civil and allied works under lift irrigation scheme no.2 of Krishna Marathwada Irrigation Project, Dist. Osmanabad, State Maharashtra
Patel Engineering Limited. (‘PEL’ or ‘Company’), is a 73-year company established in the year 1949 having a strong presence in tunnels and underground works for hydroelectric and dam projects. The Company has a consistent track record in execution of projects in domestic and international arena. The Company has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunneling for clients which are mostly central PSUs or state government organizations.
Focus Lighting Q3FY23 Net profit up 760%
· Revenue for Q3FY23 at ₹ 61.31 Crore, 137.08% YoY growth
· EBITDA for Q3FY23 at ₹15.30 Crore, 438.73% YoY growth
· EBITDA Margin in Q3FY23 at 24.96% Vs 10.98%
· Net Profit for Q3FY23 at ₹ 11.35 Crore, 759.85 % YoY growth
Mumbai: Focus Lighting & Fixtures Limited. (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its unaudited Financial Results for Q3 FY23 and 9M FY23.
Key Financial Highlights:
Revenue from Manufacturing activities contributed ₹ 86.60 crore against ₹ 39.72 crore in 9MFY22
Revenue from Trading activities contributed ₹ 41.09 crore against ₹ 30.61 crore in 9MFY22
Manufacturing activities contributed ₹ 20.57 crore in PBIT against ₹ 1.97 crore in 9MFY22
Trading activities contributed ₹ 3.22 crore in PBIT against ₹ 0.58 crore in 9MFY22
Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said,
“The company has recently placed a greater emphasis on its project business, which are characterized by high value and attractive margins. This strategic focus has resulted in a noticeable improvement in its performance during the third quarter and 9 months of the fiscal year 23.
The company’s dedication to research and development has been key to enhancing its margin profile by producing cutting-edge and class-leading products that are in high demand.
The demand for the company’s products is further driven by the growing number of projects and the Indian government’s “Make in India” initiative, which is aimed at promoting domestic manufacturing and boosting economic growth.”
Focus Lighting & Fixtures Limited (NSE – FOCUS) The company was established in 2005 and the company currently provides a wide range of products which includes recessed adjustable spotlights, recessed downlights, surface mounted spotlights, surface-mounted / suspended downlights, system-based spotlights/wall washer, track-mounted spotlights, etc. each with different working capabilities. Its comprehension of lighting technology, the influence it can have on the viewer and the techno-aesthetic requirement of the market has enticed it to develop lighting solutions where the criteria are efficiency, color rendition and trouble-free service life to achieve optimum lighting parameters such as luminous intensity, maintenance-friendliness and freedom from glare. The new range of luminaires have been designed and developed by the finest product designers from Germany, proficient in the field of lighting design; supported by a proficient team of Indian Professionals. The company is having its manufacturing unit at Sanad Gujarat.
Praveg Limited 9M FY23 PAT up 208%
Praveg Limited 9M FY23 PAT up 208%
· Total Income for 9M FY23 at ₹65.81 crore; up 131.73%
· EBITDA for 9M FY23 at ₹35.37 crore; up 188.26%
· PAT for 9M FY23 at ₹23.25 crore; up 207.54%
· EPS at ₹12.09; up 195.60%
Mumbai, Praveg Limited (BSE – 531637), a renowned name in the Indian Tourism & Hospitality and Event & Exhibition Management industries, reported unaudited Financial Results for the Q3 & 9M FY23.
Speaking on the occasion Mr. Vishnu Patel, Chairman of Praveg Limited said – “The company has seen a significant increase in travel demand during the first 9 months of the FY23, which has had a positive impact on the company’s overall performance. This is great news for the company as the travel industry has been affected by the COVID-19 pandemic.
Looking ahead, the company expects this trend to continue, and sees great potential for further growth in the future. By adding new resorts to its portfolio, the company is confident that it will be able to enhance its performance even further. This is a strategic move that will allow the company to tap into new markets and provide customers with even more diverse travel options.”
Founded in 2005, Praveg is a leading Company having presence in diverse business segments like exhibition management, event management, tourism, hospitality and publication. Its core strength lies in independent and sophisticated infrastructure, expert and experienced manpower and in-house creative studio.
Company’s diverse clientele includes Gujarat State Government, large corporates and renowned entrepreneurs. Praveg’s wide range of portfolio includes execution of large-scale projects across the nation and in the USA, China, South Korea, Africa, Europe and in the Middle East.
Praveg has been an industry leader in Events/Exhibition management for over 20 years and has successfully completed over 3000 large and medium events/exhibitions till date. The Company has handled various prestigious projects like Tent City Narmada – Statue of Unity, Tent City Varanasi and White Rann Resort – Rann Utsav are few among them.
For FY22, the Company had reported total Revenues of ₹ 45.03 crore, EBITDA of ₹ 19.62 crore and Net Profit of ₹ 12.23 Crore.
Dhruv Consultancy’s Q3 net profit up 73.08%
· Revenues for Q3FY23 at ₹22.40 crore; up 6.87%
· Net profit for Q3FY23 at ₹1.80 crore; up 73.08%
· EPS at ₹1.14; up 52%
Mumbai, 13th February, 2023 – 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 FY23 & 9M FY23.
The total unexecuted order book as on 31st December 2022 stands at ~₹ 296 crore.
Speaking on the occasion Mrs. Tanvi Dandawate Auti, Managing Director of Dhruv Consultancy Services Limited said – “Government’s thrust on infrastructure development is a key driver for strong order inflow while our quality work and timely completion of projects helped us bag some of the prestigious orders.
Domestic market is very opportunistic while we are also leveraging our experience in the international market.”
Dhruv Consultancy Services Ltd established in 2003, and based out of Navi Mumbai, provides infrastructure consultancy for design, engineering, procurement, construction and project management services. The service offerings include preparation of DPR (Detailed Project Report), feasibility study for infrastructure projects, operations & maintenance works, Project planning, designing, technical & structural audits etc.
Over the years the company has worked on more than 250 projects with esteemed clients like the Ministry of Road Transport, NHAI, CIDCO, JNPT, MMRDA and MSRDC to name a few key clients. Being a consultancy firm, intellectual capital is the most valuable asset for the company. With an employee base of more than 350, out of which more than 75% are qualified engineers. Technical know-how and experience of the management has helped the company to establish a niche for itself and record a CAGR of more than 72% in profitability growth since inception. The company successfully completed its IPO on BSE SME platform raising Rs 23crore from the market in May 2018. In November 2021, the company migrated to Main Board of NSE & BSE from BSE SME. For FY22, the Company reported total income of Rs 75.57 crore and net profit of Rs 6.25 crore.
