The Company has expanded the Infrastructure business including execution of Turnkey Projects in the verticals of electrical, EPC and construction projects. There was a change in the management of the Company in the month of June 2022. The Infrastructure vertical of the business is driven by the new promoter group who have extensive experience in this line of business. Under the stewardship of the new management, the Company has achieved a profit before tax from continuing operations for the third quarter ended 31.12.2022 for INR 592.59 Lakhs with an EBITDA of INR 710.39 Lakhs and for nine months ended 31.12.2022 for INR 358.99 Lakhs with an EBITDA of INR 605.65 Lakhs.
The Company's Revenue from operations for the third quarter ended 31.12.2022 stands at INR 2494.33 Lakhs and for nine months ended 31.12.2022 stands at INR 2896.93 Lakhs.
With the relevant expertise in the infrastructure business, the new management intends to develop IT/ITES infrastructure in the remaining land parcel of the Company and the necessary project related works have already commenced. The Company is also evaluating opportunities in other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies.
The Company has made significant strides in the turn around and is confident that the days ahead will be very exciting considering the huge infra push by the government.