Ducon Infratechnologies reports 43% rise in 9M profit

Mumbai (Maharashtra) [India], January 26: Ducon Infratechnologies (BSE Code: 534674, NSE Code: Ducon) is a leading global engineering and construction company providing custom-engineered solutions in environmental control, renewable energy, infrastructure and plant maintenance. The Company reported its Q3FY23 and 9MFY23 unaudited results.

Key Financials at a Glance (Consolidated):

For 9MFY23

Consolidated Total Income at ₹53 crore
Consolidated EBITDA grew 35.64% YoY to Rs 14.69 crore
Consolidated Net Profit grew 43.39% YoY to Rs 3.93 crore

For 3QFY23

Consolidated Total Income grew 13.78% YoY to ₹ 54 crore
Consolidated EBITDA increased by 37.18% YoY to ₹53 crore
Consolidated Net Profit increased by 7.87% YoY to ₹33 crore

Speaking on the performance, Mr. Arun Govil, Chairman and Managing Director, said, “We continued to focus on improving profitability and results for Q3FY23, and 9MFY23 clearly saw a sharp rise in profitability despite steady growth in topline.”

About Ducon Infratechnologies Limited:

Ducon Infratechnologies Ltd. is a rapidly growing Fossil Fuel/Coal Clean Technology Company at the forefront of bringing Fossil Fuel Clean Technology/Green Fossil Fuel Technology to India’s transformation to Green Energy. Ducon Infratechnologies has diversified technologies and operates in a variety of business segments to provide solutions and meet challenges in the infrastructure, FGD systems and material handling sectors.

Ducon Infratechnologies is a leading FGD system manufacturer in India and has its own technology for limestone, seawater, and Dry Sorbent Injection. It is a well-known brand in India and abroad for FGD Technology. The company has many successfully operating FGD installations in India; the notable ones include: (i) 500 MW seawater FGD systems at the Dahanu power plant and (ii) 2×600 MW Limestone FGD system at Udupi Power Plant.

The Company provides services to global clients in a wide variety of industries such as chemical, refineries, cement, power, steel, mining and infrastructure. The Company provides single-source responsibility for the execution of major turn-key projects throughout the world.

Disclaimer:

Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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