Tuesday, May 21st, 2024

Focus Lighting FY23 Net Profit Up 476%

Mumbai (Maharashtra) [India], May 5: Focus Lighting & Fixtures Limited. (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its audited Financial Results for Q4 FY23 and FY23.

Consolidated Key Financials at a Glance: 

Q4 FY23:

  • Total Income at ₹ 41.11 Crore; up 15.64%
  • EBITDA at ₹ 8.08 Crore; up 56.59%
  • PAT at ₹ 5.42 Crore; up 89.51%
  • EPS at ₹ 4.15; up 47.52%

FY23:

  • Total Income at ₹ 169.94 Crore; up 59.42%
  • EBITDA at ₹ 34.84 Crore; up 241.90%
  • PAT at ₹ 23.60 Crore; up 475.61%
  • EPS at ₹ 18.09; up 347.77%

Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “These results reflect our unwavering commitment to delivering innovative and high-quality lighting solutions that meet the diverse needs of our customers. Growth in revenue was driven by strong demand for our products across all our business segments and Our EBITDA recorded an impressive growth primarily due to our focus on operational efficiency and cost optimization measures

Value additive products, prestigious Bade Baba Temple contract and Surat Fort contract will further add feather to our growth for the current year. Going forward, we remain committed to our mission of providing cutting-edge lighting solutions to our customers.”

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