EMS Limited posts over 24% jump in net profit on the back of higher operating income

• Sees a robust demand for water supply and sewerage infrastructure projects
• Bullish about growing order book significantly moving forward

New Delhi: Ghaziabad-based multi-disciplinary EPC company, EMS Ltd (formerly EMS Infracon Private Ltd), has registered 24.05 per cent rise in standalone net profit at Rs 36.81 crore for the quarter ended December 31, 2023, as against Rs 29.68 crore same period last year, riding on the back of higher revenues and buoyant demand.

The company’s total income on a standalone basis increased by nearly 33.53 per cent at Rs 183.11 crore during the quarter ended December 31, 2023, up from Rs 137.12 crore in the same period last year. EBITDA grew by 20.67 per cent to Rs. 50.98 crore during the quarter under review, as against Rs. 42.25 crore same period last year.

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EMS had recently bagged a letter of award (LOA) for a total value of Rs 358.56 crore from the Uttarakhand Urban Development Department for the development of sewerage system and septage management. The company was the lowest bidder in the tender for the development of the water supply and sewerage system, having an estimated order value of Rs. 478.93 crore from the Uttarakhand Urban Sector Development Agency. The company is L1 in the tender valuing Rs.34.69 crore by UP Jal Nigam for the construction of multi-level parking.  

For the nine-month ended December 31, 2023, the company’s standalone net profit grew by 49.87 per cent at Rs 103.59 crore, as against Rs 69.12 crore last year. Total income increased by 57.80 per cent at Rs 500.31 crore as compared with Rs 317.04 crore last year. EBITDA increased by 46.32 per cent to Rs. 144.59 crore from Rs. 98.82 crore in the same period last year.  

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Commenting on the performance of the company during the quarter, Ramveer Singh, Chairman, EMS Limited said, “The government remains committed to infrastructure development across the country and has been laying a special emphasis on the need for the creation and efficient management of sewerage infrastructure to support the exponential growth in towns and cities. This has been providing the necessary tailwinds to the growth of our business and steady increase in order book. With our expertise in executing water supply and sewerage infrastructure projects, we are bullish about growing our order book significantly moving forward. Our current cash flow and balance sheet continues to remain healthy to support our growth pipeline.”

Incorporated on December 21, 2010, EMS provides various services, ranging from EPC and O&M, in sewerage solutions, water supply systems, and wastewater schemes for government authorities and local bodies. Headquartered in Ghaziabad, the company offers water and sewerage infra solutions, including laying the sewerage network to building sewerage and water treatment plants in the states of Uttar Pradesh, Bihar, Uttarakhand and Rajasthan.

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