EMS Share Hits New 52-Week High: Rose Over 2% Intraday

On December 18, 2024, EMS share price achieved a new 52-week high, with its stock price reaching ₹1,016.85 on BSE, marking a significant milestone. Over the past 3 days, EMS has posted a consecutive gain of 15.44%, highlighting consistent upward momentum. EMS opened with a gap-up of 2.36%, continuing its upward trend throughout the day. The stock reached an intraday high of ₹1,016.85, reflecting an increase of over 2% at 12:15 PM

Financial Performance in Q2 FY24

For Q2 FY24, EMS Ltd reported a 29.51% increase in standalone net profit after tax, reaching ₹86.37 crore for the half-year period ending September 30, 2024. This was up from ₹66.69 crore during the same period last year. The growth was driven by a surge in operating income, primarily due to higher execution of works.

• Revenue from operations rose by 41.10%, totalling ₹435.34 crore for the half-year, compared to ₹308.53 crore in the same period last year.
• EBITDA grew by 30.25%, amounting to ₹121.84 crore, up from ₹93.54 crore during the same period last year.

Positive Outlook and Growing Order Book

EMS Ltd.’s expanding order book highlights its expertise in sewerage solutions and water supply systems. It also reflects the growing confidence in the company as a turnkey EPC (Engineering, Procurement, and Construction) player. This strong order book positions EMS well for substantial growth in the upcoming quarters.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.