NAVI MUMBAI – NOVEMBER 13, 2019 (GPN) : Dhruv Consultancy Services Ltd (BSE  – 541302), an infrastructure consultancy services firm, has reported encouraging results for 1^st half of FY20 ending 30^th September 2019. The net profit has increased by 19.5% to Rs. 1.41 crore. The total operating income was up by 5.5% at Rs. 25.79 crore for H1FY20. The company has also repaid debt of Rs. 2.55 crore during the 1^sthalf of FY20 and reported a strong order book of Rs. 330 crore. Indicating strong operational performance over the previous year.

Key Operational Highlights are as follows:

Particulars   (fig in Rs. Cr.)	H1FY20	H1FY19	FY19
Total Revenues	25.79	24.44	56.65
Net Profit	1.41	1.18	7.68
Net Profit Margin (%)	5.47	4.83	13.56
EPS (Rs.)	0.98	0.82	5.55

Ø  Revenue from operations for H1FY20 ending 30^th September 2019, have gone up by 5.5% to Rs. 25.79 crore as compared to Rs.24.44 crore during H1FY19.

Ø  Net Profit for H1FY20 ending 30^thSeptember 2019 have gone up by 19.5% to Rs. 1.41 crore as compared to Rs. 1 .18crore reported in the same period previous year.

Ø  Net profit margins for 1^st half of FY20 ending were reported at 5.47% as compared to 4.83% reported in H1FY19

Ø  Earnings Per share for H1FY20 has been reported at Rs. 0.98 per share, as compared to Rs. 0.82 per share reported in FY19.

Other Business Highlights:

Ø  We have repaid debt of Rs. 2.55 crore during the 1^st Half of FY20, bringing down the total debt exposure of the company from Rs. 11.8 crore reported for FY19 as on 31st March 2019.

Ø  This has resulted in cost savings as the interest costs have come down to Rs. 0.82 crore during H1FY20 as compared to Rs.1.22crore reported during H1FY19.

Ø  The total order book today stands at Rs. 330 crore of which unexecuted order book stands at Rs. 215 crore.

Commenting on the performance Ms Tanvi Auti, Managing Director of Dhruv Consultancy Services Ltd said “Our performance during the 1^st half of FY20 is encouraging especially under the extraordinary one time events that occurred during the period of code of conduct due to Loksabha elections and then again due to Assembly elections, and also the unprecedented extended rainfall  season that we had witnessed during this year resulting in low progress of work. There has been a substantial increase in revenues and profit margins as compared to H1FY19.”

About Dhruv Consultancy Services Ltd.

Dhruv Consultancy Services Ltd established in 2003, and based out of Navi Mumbai, provides infrastructure consultancy for design, engineering, procurement, construction and project management services. The service offerings include preparation of DPR (Detailed Project Report), feasibility study for infrastructure projects, operations & maintenance works, Project planning, designing, technical & structural audits etc.

Over the years the company has worked on more than 250 projects with esteemed clients like Ministry of Road Transport, NHAI, CIDCO, JNPT, MMRDA and MSRDC to name a few key clients.  Being a consultancy firm intellectual capital is the most valuable asset for the company. With an employee base of more than 350, out of which more than 75% are qualified engineers. Technical know-how and experience of the management has helped the company to establish a niche for itself and record CAGR of more than 72% in profitability growth since inception. The company has successfully completed its IPO raising Rs. 23crore from the market in May 2018, the shares are listed on BSE SME platform, with market cap Rs.50crore. For FY19 the company reported Net profit of Rs 7.68 crore on sales of Rs. 56.11 crore and has strong order book of Rs. 335 crore.

Recently, it has been appreciated for two projects being overlooked by the company having been completed ahead of the schedule. The company has bagged orders worth Rs. 20 crore of Hybrid-Annuity Model projects as an Independent Engineer from National Highways Authority of India in the state of Maharashtra. ENDS