G G Engineering Ltd. (BSE: 540614), a leading player in infrastructural & Structural steel, and Engineering products industry, in its board meeting held on October 30 th , 2023, has
approved the unaudited Financial Results of the Company for the quarter and half year ended 30 September 2023.
For quarter ended 30 September 2023, revenue from operations grew by 98.39% from Rs. 3691.74 Lakhs in Q2FY23 to Rs. 7324.12 Lakhs in Q2FY24. EBITDA increased by 139.67% from Rs. 52.81 Lakhs in Q2FY23 to Rs. 126.57 Lakhs in Q2FY24. EBITDA margins increased from 1.44% in Q2FY23 to 1.73% in Q2FY24 by 29 bps.
PAT increased by 52.98% from Rs. 49.23 Lakhs in Q2FY23 to Rs. 75.31 Lakhs in Q2FY24.
For half year ended 30 September 2023, revenue from operations grew by 106.23% from Rs. 4470.09 Lakhs in H1FY23 to Rs. 9218.79 Lakhs in H1FY24. EBITDA increased by 160.18% from Rs. 69.03 Lakhs in H1FY23 to Rs. 179.60 Lakhs in H1FY24. EBITDA margins increased from 1.54% in H1FY23 to 1.96% in H1FY24 by 42 bps. PAT increased by 73.14% from Rs. 63.07 Lakhs in H1FY23 to Rs. 109.20 Lakhs in H1FY24.
Established in 2006, G G Engineering Limited (BSE: 540614) has been at the forefront of meeting the rising demand for superior infrastructure Infrastructural & Structural Steel, and Engineering products. With a strong focus on quality and precision, the company has carved a niche for itself in the industry. Company’s products are used for diverse applications in various industries, like infrastructure, construction, mega projects, modern buildings, high-rise residential and commercial projects, engineering set-ups among other. The company’s vision remains anchored in creating a more resilient and environmentally responsible future through its products and practices. With a reputation built on trust, reliability, and unwavering dedication to excellence, G G Engineering Limited continues to forge ahead. It shapes a better future for both its stakeholders and the global community.