CORPORATE RESULTS

 

Patel Engineering 9M FY23 Consolidated Net Profit Up 109.89%

Mumbai: Patel Engineering Limited (NSE – PATELENG & BSE – 531120), One of the most integrated infrastructure and construction services conglomerates in India has announced its limited reviewed Financial Results for Q3 & 9M FY23.

Key Highlights (Standalone):

For Q3 FY23 Debt Equity Ratio stood at 0.79.

Sector wise Revenue contribution for Standalone Q3 FY23 stood at Hydro 52%, Tunnel 21%, Irrigation 13%, Road 6%, and Others 8%.

Commenting on the performance, Mr. Rupen Patel, Chairman & Managing Director of Patel Engineering Limited said, “The performance of our company has improved significantly in the quarter due to growth in our operations. Our profitability for 9 months has more than doubled as compared to corresponding previous year surpassing all targets.

Infrastructure is the prime focus of the government with increased allocations in budget and we expect to continue growing our order book.

Hydro power remains one of the oldest source of renewable energy and to achieve net zero goals it is going to be one of the focus area for energy consumption. Our expertise in the segment will be a key growth driver going forward apart from other infrastructure segments.”

Commenting on the result, Ms. Kavita Shirvaikar, Director & CFO said, “We continue to focus on improving leverage situation of the company along with improving operational efficiency to do this we continue to focus on monetizing non-core assets also we are in process of raising funds through the Rights Issue.

This will help us in reaching our target of debt reduction and also help in fund working capital requirements of the company.”

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Shri Keshav Cement & Infra 9m FY23 net profit up 348%

·         Revenue for 9m FY23 at ₹ 92.94 crore; up 17.23%

·         EBITDA for 9M FY23 at ₹₹ 28.72 crore; up 9.08%

·         PAT for 9M FY23 at ₹ 29 crore; up 348%

Mumbai : Shri Keshav Cement & Infra Limited (BSE – 530977), engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka has announced its unaudited Financial Results for the Q3 & 9M FY23. 

·         Revenues from manufacturing and trading in cement was at ₹ 69.95 crore as against ₹ 63.69 crore

·         Revenues from solar power generation and supply were at ₹ 14.98 crore as against ₹ 7.86 crore

Commenting on the performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said, “Good demand for cement and price hike taken during the quarter enabled us to report 20% plus growth in revenues.  Our capacity expansion on existing land by balancing processes and modernising equipment will help us report better revenues and improvement in profit in the coming period.

Revenue from solar capacity almost doubled during nine months of the current financial year.”

Incorporated in the year 1993 Shri Keshav Cement & Infra Limited (KCIL), formerly Katwa Udyog Limited) is engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka India. 

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NPST Reported 3.3x Jump In 9M FY23 Net Profit

·        Total Income for Q3 FY23 at ₹ 10.31 crore; a 127.59% YoY growth

·        EBITDA for Q3 FY23 at ₹3.43 crore; a 345.45% YoY growth

·        Net Profit for Q3FY23 at ₹1.81 crore; a 1,031.25% YoY growth

Mumbai: Network People Services Technologies Limited (NSE EMERGE – NPST), engaged in providing software and digital payment solutions to the banking and finance sector, has announced its Un-Audited Financial Results for the Q3 & 9M FY23.

Commenting on the performance, Mr. Deepak Thakur – Chairman and Managing Director of Network People Services Technologies Limited said, “We have received a robust response to our digital payment services and that is clearly visible in our financial performance.

The digital payment ecosystem is gaining rapid momentum and it is just the beginning of the digital revolution in the Indian economy, we are confident with our quality services & track record we will grow along with the digital payment ecosystem and increase our market share in the coming years.”

Incorporated in 2013, Network People Services Technologies Limited (NPST), is engaged in providing software and Digital payment solutions to the banking and finance sector, primarily focusing on mobile banking applications, Payment switch solution (such as IMPS & UPI), Merchant acquiring platform and digital wallet. Currently, NPST is rendering services to esteemed clients i.e., Canara Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited and Cosmos Co-operative Bank with 60 crore monthly transaction volume. 

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WardWizard Innovations and Mobility’s 9M FY23 revenues increased by 82.42%

·        Consolidated EBITDA for 9M FY23 at ₹ 14.44 crore; a 71.82% YoY growth

·        Consolidated PAT for 9M FY23 at ₹7.92 crore; a 52.31% YoY growth

Mumbai : Wardwizard Innovations & Mobility Limited (BSE Code: 538970), a leading auto manufacturing company in the EV segment, has announced its unaudited Financial Results for the Q3& 9M FY23.

Commenting on the performance, Mr. Yatin Gupte – Chairman and Managing Director of WardWizard Innovations & Mobility Limited said, “Demand for electric vehicle is rising and will continue to remain robust in coming times.

Our aim is to provide greener alternatives to current ways of life. The robust demand and launch of slew of electric vehicles enabled us to report stupendous performance in past nine months of the current year and we are looking positively towards future.

It is an immense pleasure that through our efforts, we are successfully contributing ‘Make in India, Atmanirbhar Bharat mission’ of India.”

WardWizard Innovations & Mobility Ltd is a leading auto manufacturing company in the EV segment under the brand name Joy E-Bike. Being the first listed entity on BSE in Electric.

Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to provide clean and greener alternatives to the existing usage of mobility, aligned with its philosophy of driving a positive change.

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NDR Auto Components 9M FY23 PAT doubled to ₹18.35 crore

Delhi: NDR Auto Component (NSE – NDRAUTO & BSE – 543214), engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles, has announced its unaudited Financial Results for the Q3& 9M FY23.Commenting on the performance, Mr. Pranav Relan – Whole Time Director of NDR Auto Component said, “Demand upbeat for automobiles kept the growth momentum very high for our quality products which is clearly reflecting in our topline. Further, strong demand and capacity addition will further add to our revenues in Q4FY23. We expect to close FY23 on a very strong note with impressive deliverable at our bottom-line.”

NDR Auto Component Ltd (NACL), a flagship company of the Rohit Relan Group, was incorporated in March 2019 with a view to demerge the automobile seating business of Sharda Motor Industries Limited (SMIL). The Company is engaged in the business of manufacturing seating solutions like frames and trims to four wheelers and two wheelers vehicles.

The management and the senior leadership team of the group have more than three decades of hands-on experience and expertise in this domain. The Company is supplying seating arrangements to Relan Group Company - Bharat Seats who is key supplier to the leading companies like Maruti Suzuki India Ltd, Suzuki Motorcycles. 

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OK Play India: 9m FY23 revenues doubled, 

turnaround at net profit

·        Revenues for 9m FY23 at ₹ 128.32 crore; up 113.62%

·        EBITDA for 9M FY23 at ₹₹ 22.77 crore; up 327.20%

·        EBITDA margin for 9M at 17.74% Vs 8.87%

Mumbai  – OK Play India Limited (BSE Code – 526415), engaged in the business of manufacturing of plastic moulded Toys, School furniture ,Outdoor Play Equipment, Infrastructure and Automotive components, Point of Purchase Products and E-Vehicles on the three wheeled platform has  announced its unaudited Financial Results for the Q3 & 9M FY23.

Commenting on the performance, Mr. Rajan Handa, Managing Director of OK Play India Limited said, “Post the Covid pandemic, business has bounced back and we are witnessing robust growth in all our verticals. The positive policies of our government in the toys sector have helped in increased demand of quality products not only for the domestic market but also for exports. The CV market is also on a growth trajectory and the numbers are captured in our results.”

Founded in 1989, OK Play India , is engaged in the business of manufacturing plastic moulded Toys, School furniture, outdoor play equipment, point of purchase products, automotive components and e-vehicles. The company is also the market leader in the field of plastic fuel tanks for heavy commercial vehicles.

The auto-component segment of the Company manufactures a range of plastic fuel tanks, urea tanks and water tanks for the commercial vehicles, tractor and construction equipment industries. It also manufactures a number of other parts such as plastic bus seats, fenders, consoles, cabin roofs, etc. for the construction equipment, tractor and commercial vehicles industries.

The company has been involved in the EV Space since 2015 and has a portfolio of over 12 different variants of electric three wheelers across the L3 and L5 space.

The Company is well positioned to take advantage of the EV penetration and gain a substantial market share in India.

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