Monday, May 20th, 2024

Focus Lighting & Fixtures’ Net Profit Soars by 56% in 9M FY24

Mumbai (Maharashtra) [India], February 16: Focus Lighting & Fixtures Limited. (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its Unaudited Financial Results for 9M FY24.

Key Financial Highlights

 Particulars (₹ Cr)9M FY249M FY23YoY
Total Income169.73128.8531.73%
EBITDA38.8126.8844.37%
EBITDA (%)22.8620.86200 Bps
Profit Before Tax32.9623.0143.23%
Net Profit28.45 18.19 56.42%
NPM (%)16.7614.12265 Bps
Key Financial Highlights

Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, ” We’re thrilled to announce outstanding financial performance in the first nine months of FY24, marked by significant growth across key indicators. Achieving milestones in revenue and net profit compared to FY23 reflects our dedication to continuous improvement and success, this underscores our unwavering dedication to innovation, product excellence, and customer satisfaction. Our sustained efforts, combined with the introduction of our revolutionary ‘Optical’ outdoor technology, have not only enabled us to seize market opportunities effectively but also propelled us towards long-term sustainable growth. As we continue to set new industry standards and redefine possibilities in LED lighting, we remain steadfast in our mission to drive innovation.”

Highlights for Q3 FY24 (October 2023 – December 2023)

ACETECH 2023The Company participated in Ace Tech 2023, a major architectural exhibition in India held at the Bombay Exhibition Centre from November 2nd to 5th.
Introduces Optical technology.The company unveils ‘Optical,’ a revolutionary Outdoor Technology with unprecedented narrow beam color mixing (3 degrees) and dynamic beam angle adjustments, setting new industry standards in LED lighting.
Highlights for Q3 FY24