{"id":32982,"date":"2023-10-31T13:49:17","date_gmt":"2023-10-31T08:19:17","guid":{"rendered":"https:\/\/nationalinsight.in\/index.php\/2023\/10\/31\/focus-lighting-q2-fy24-net-profit-surges-109\/"},"modified":"2023-10-31T13:49:17","modified_gmt":"2023-10-31T08:19:17","slug":"focus-lighting-q2-fy24-net-profit-surges-109","status":"publish","type":"post","link":"https:\/\/nationalinsight.in\/index.php\/2023\/10\/31\/focus-lighting-q2-fy24-net-profit-surges-109\/","title":{"rendered":"Focus Lighting Q2 FY24 Net Profit Surges 109%"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], October 31<\/strong>: Focus Lighting &amp; Fixtures Limited.\u00a0(NSE \u2013 FOCUS),\u00a0engaged in manufacturing &amp;\u00a0innovative lighting solutions of LED lights and fixtures,\u00a0<a><\/a>announced\u00a0its\u00a0unaudited Financial Results for\u00a0Q2\u00a0FY24.<\/p>\n<p><a><\/a>Consolidated\u00a0Key Financials at a Glance:<\/p>\n<p>Q2\u00a0FY24:<\/p>\n<p>\u2022\u00a0Total Income of\u00a0\u20b9\u00a057.86 crore, YoY growth of 42.48 %<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a013.11 crore, YoY growth of 57.79 %<\/p>\n<p>\u2022\u00a0EBITDA Margin of 22.65 %, YoY growth of 220 Bps<\/p>\n<p>\u2022\u00a0Net Profit of\u00a0\u20b9\u00a09.61 crore, YoY growth of 109.39 %<\/p>\n<p>\u2022\u00a0Net Profit Margin of 16.61 %, YoY growth of 523 Bps<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a07.34, YoY growth of 62.03 %<\/p>\n<p>H1\u00a0FY24:<\/p>\n<p>\u2022\u00a0Total Income of\u00a0\u20b9\u00a0110.84 crore, YoY growth of 64.10 %<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a025.88 crore, YoY growth of 123.35 %<\/p>\n<p>\u2022\u00a0EBITDA Margin of 23.35 %, YoY growth of 619 Bps<\/p>\n<p>\u2022\u00a0Net Profit of\u00a0\u20b9\u00a018.78 crore, YoY growth of 174.86 %<\/p>\n<p>\u2022\u00a0Net Profit Margin of 16.64 %, YoY growth of 683 Bps<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a014.34, YoY growth of 112.76\u00a0<\/p>\n<p>Commenting on the performance, Mr.\u00a0Amit Sheth,\u00a0Managing Director of\u00a0Focus Lighting &amp;\u00a0Fixtures said,\u00a0\u201cWe are pleased to report significant achievements, characterized by substantial growth in both revenue and net profit. The robust demand witnessed across our diverse business verticals has played a pivotal role in driving this growth. Our unwavering dedication to product development and research remains a cornerstone of our success.<\/p>\n<p>Government support has also played a vital role in stimulating investments in railways, infrastructure, historical site restoration, and the retail industry, providing us with substantial opportunities. Furthermore, the growing awareness and preference among consumers for innovative lighting solutions are poised to further boost demand.<\/p>\n<p>Our impressive increase in EBITDA and net profit can be primarily attributed to our relentless focus on operational efficiency and cost optimization measures. We have every confidence that our innovative product offerings will continue to fuel remarkable growth throughout the remainder of the year.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], October 31: Focus Lighting &amp; Fixtures Limited.\u00a0(NSE [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1318,1320],"class_list":["post-32982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/32982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/comments?post=32982"}],"version-history":[{"count":0,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/32982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media\/32983"}],"wp:attachment":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media?parent=32982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/categories?post=32982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/tags?post=32982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}