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HomeMarket NewsEMS Q2 Results: Net profit jumps nearly 10%, margins expand 29%
EMS shares fell 1.3% to finish the session at a price of ₹762.00 on Tuesday. The company, which has a market capitalisation of ₹4,488 crore, has seen its shares rise 220% over the last year.
By CNBCTV18November 12, 2024, 7:51:04 PM IST (Published)
Ghaziabad-based water and sewage infrastructure company EMS on Tuesday announced the results for the quarter ended September 30, 2024. The company reported a 9.5% increase in net profit for the second quarter, reaching ₹49.7 crore, compared to ₹37.1 crore in the same period last year.
The company’s revenue grew 11% YoY, totaling ₹233.5 crore, up from ₹210.5 crore in Q2 FY23. EBITDA saw a robust rise of 20.2%, standing at ₹68.6 crore, compared to ₹57 crore last year.
EBITDA margin expanded to 29.4%, up from 27.1% a year ago, reflecting improved operational efficiency.
EMS shares fell 1.3% to finish the session at a price of ₹762.00 on Tuesday. The company, which has a market capitalisation of ₹4,488 crore, has seen its shares rise 220% over the last year.
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