BS Limited Consolidated Turnover Jumps 93% to INR 970 Crores in Q1 FY16

Q1 FY16 Consolidated Earnings Highlights

• Turnover reported at INR 970 crore, nearly doubled YoY

• PAT of INR 24 crore, YoY growth of 24%

• Cash Profit of INR 41 crore, YoY growth of 42%

• Diluted EPS reported at INR 0.54 per equity share                                                                                                                                                                  

BS Limited, a leading and listed integrated services provider for Power Transmission and Distribution, announced on Wednesday its unaudited results for the quarter ended June 30, 2015 (Q1 FY16).

The Company reported a consolidated total turnover of INR 970 crore in the first quarter, a near doubling over the past quarter. Consolidated net profit jumped to INR 24 crore; it was INR 19 crore in the same quarter last year.

Total income on a consolidated basis rose to INR 973 crore, from INR 502 crore in April-June of FY15. EBIDTA grew 31% on a quarterly basis and stands at INR 90 crore.

On a standalone basis, total revenues came in at INR 580 crore against INR 409 crore recorded in Q1 FY15. Standalone net profit stands at INR 19 crore in Q1 FY16, up 3% from the previous year’s first quarter.

The Board of Directors of BS Limited have also approved appointment of Mr.Kamesh Yalamarty, Additional Director, as the Managing Director of the Company and have designated him as key managerial personnel.

The 11^th Annual General Meeting of the Company will convene on September 30, 2015.

Commenting on the performance, Mr. Rajesh Agarwal, Chairman, said, “Despite volatile market conditions and challenging times for infrastructure players, BS Limited has started the year on a good note with near doubling of revenues in the quarter. We are strengthening our international foothold and we look forward to building on this momentum in the year ahead. With the proposed vertical integration coming on stream, the company will have the benefit of economies of scale which will further aid the Company deliver growth and value.”

About BS Limited: www.bslimited.in BSE: 533276 NSE: BSLIMITED

A leading and listed infrastructure company, BS Limited, has been augmenting its core business in Power Transmission & Distribution through EPC, Turnkey Services and BOOM projects. Headquartered at Hyderabad, BS Limited has Pan –India presence with over 800 employees. The company has an integrated business model with a Tower manufacturing facility of installed capacity of 240,000 MTPA and a structural steel mill with an installed capacity of 120,000 tonne a year located near Hyderabad. The company is certified with Quality Management (ISO9001:2008), Environmental Management (ISO 14001:2004) and Occupational Health and Safety (OHSAS 18001:2007).

For more information and results table, click here