SRM Contractors Limited announced its results for the third quarter (Q3 FY25) and nine months (9M FY25) ended 31 December 2024.
SRM Contractors has reported strong growth in profitability and business performance. The company's PAT has grown by 135 per cent year-on-year (YoY) in Q3 and 22 per cent in the fiscal year's first nine months (9M). Revenue has also shown strong growth, increasing by 74 per cent YoY in Q3 and 27 per cent in 9M. The company has witnessed stellar growth in order intake, with a remarkable 440.14 per cent YoY increase, bringing the YTD Order Intake to over Rs 1336.65 crore. SRM Contractors has a healthy order book and LOA totalling more than Rs 1663.69 crore.
Sanjay Mehta, MD & Chairman, SRM Contractors Ltd., said, "We have delivered a good performance for the quarter, reflected in the significant growth in profitability, record order intake and a robust order book. Despite various challenges, we achieved growth in our Revenues. Our EBITDA margins improved to 16.81 per cent in Q3 FY25 compared to 9.5 per cent in Q3 FY24. The outlook in all our major businesses remains optimistic. With a solid and diversified order book + LOA of over Rs 1663.69 Cr, improved execution visibility, benign cost environment and a substantial tender pipeline, we are well positioned to deliver sustained growth in the coming quarters."
