Bondada Engineering (543971) Q4 23/24 earnings summary

Executive summary

• FY 23-24 consolidated revenue rose 117% YoY to ₹80,072.23 lakh; EBITDA increased 137% and PAT 170%.

• Closing order book was ₹1,747 Cr, with ₹1,260 Cr in the pipeline; consolidated net worth stood at ₹168 Cr at 31 Mar 2024.

• FY24 results covered the holding entity and five subsidiaries; statutory auditors issued unmodified opinions on standalone and consolidated results.

Financial highlights

• FY24 consolidated total income was ₹80,372.22 lakh vs ₹37,100.80 lakh in FY23; revenue from operations was ₹80,072.23 lakh vs ₹37,058.84 lakh.

• EBITDA was ₹7,147.73 lakh vs ₹3,021.21 lakh; PAT was ₹4,630.79 lakh vs ₹1,713.07 lakh.

• FY24 consolidated PBT was ₹6,166.75 lakh; ₹4,472.72 lakh of PAT was attributable after minority share.

• H2 FY24 revenue was ₹50,500.43 lakh, PBT ₹4,456.17 lakh and PAT ₹3,143.60 lakh.

Segment performance

• FY24 segment revenue and profit: EPC ₹56,180.27 lakh and ₹5,253.38 lakh; Services ₹8,317.37 lakh and ₹623.80 lakh; Products ₹15,574.59 lakh and ₹1,175.23 lakh.

• Core EPC and O&M services span telecom towers, telecom OFC and solar, including foundations, erection, electrification, piling, mounting structures and panel installation.

• Subsidiary and manufacturing activities include solar MMS, telecom and transmission towers, crash barriers, cable trays, industrial LED solutions, BLDC motors and green-building materials.

• Subsidiaries contributed 10% of FY24 consolidated revenue, up from 6% in FY23.