Anup Engineering posts jaw-dropping 40% profit increase! Massive order book boosts momentum

Anup Engineering, based in Ahmedabad, unveiled a robust financial performance for the half-year ending September 30, 2024, with total consolidated revenue rising to INR 339.1 crore—a significant 27.9% increase over the same period last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBIDTA) reached INR 76.3 crore, reflecting a 28.5% rise, while the profit after tax (PAT) surged by an impressive 40.4%, totaling INR 56.6 crore.

Major Revenue and Profit Gains in Q2 FY25

Anup Engineering reported quarterly revenue of INR 193.1 crore for Q2 FY25, alongside an EBIDTA of INR 43.3 crore, representing 22.4% of operational revenue. The quarter’s PAT was INR 32.5 crore, which constituted 16.8% of revenue. This growth is a clear indicator of Anup Engineering’s strategic focus on revenue expansion while maintaining strong profit margins.

Expanding Order Book and Strategic Projects

Anup Engineering’s order book reached INR 876 crore as of September 30, 2024, and continued to rise, hitting INR 932 crore by October 26. This increase has been fueled by a growing demand for Anup’s product portfolio, which serves industries from oil and gas to aerospace. The company recently extended its production capacity with the commissioning of a new PS bay at Kheda in early October. Additionally, Phase-2(A) expansion was launched in October, involving an investment of INR 50 crore.

Recent Collaborations and Future Outlook

Anup Engineering entered a collaboration with Graham Corporation in August 2024, marking a strategic move to enhance its global footprint. The company’s advanced product line, including heat exchangers, pressure vessels, and industrial centrifuges, has positioned it as a preferred supplier in industries requiring high-performance engineered solutions. With this partnership, Anup Engineering aims to leverage Graham’s industry knowledge to expand its market share in the U.S. and further improve its technological offerings.

Financial Outlook and Market Sentiment

Anup Engineering’s rapid revenue growth, increased order volume, and strategic expansions have positively impacted market sentiment. The company’s share price has shown resilience amidst these strong earnings announcements, reflecting investor confidence in its ongoing projects and future potential.

Expert Insights on Anup Engineering’s Strategy

Industry analysts noted that Anup Engineering’s dual focus on expanding production capacity and forging partnerships has proven effective, positioning it well for sustainable growth in key sectors. Experts commented that the recent financial results underscore Anup’s capability to balance growth and profitability.