Focus Lighting & Fixtures Reports 99% Increase in Q4 FY24 Net Profit
Mumbai 29 May 2024: Focus Lighting & Fixtures Ltd (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures has reported a net profit of Rs. 10.76 crore in Q4FY24, growth of 99% as compared to net profit of Rs. 5.42 crore reported in Q4FY23. Total income for Q4FY24 was reported at Rs. 60.30 crore, 46.7% growth Y-o-Y as compared to Rs. 41.1 crore in Q4FY23. EBITDA reported growth of 71.7% Y-o-Y to Rs. 13.87 crore in Q4FY24. EBITDA margin and Net Profit margin for Q4FY24 was reported at 23% (Y-o-Y growth of 335 bps) and 17.27% (Y-o-Y growth of 472 bps) respectively.
For FY24 ended March 2024, company reported total income of Rs. 230 crore with Y-o-Y growth of 35.35% and Net Profit of Rs. 39.21 crore with Y-o-Y growth of 66.1%. Retail lighting segment contributed revenue of Rs. 137.56 crore, Home Lighting segment contributed revenue of Rs. 70.03 crore while infrastructure and railway segment contributed with Rs. 15.28 and Rs. 0.93 crore.
In terms of Geographical Revenue Distribution, Indian market contributed with Rs. 138.04 crore, UAE market with Rs. 57.97 crore and Singapore with Rs. 34.02 crore.
Established in 2005, Focus Lighting & Fixtures Ltd provides wide range of products in different vertical in field of lighting which includes Retail, Home, Railway and Outdoor – landscape. The Company is further expanding with patented technology in outdoor facade lighting.
Its comprehension of lighting technology, the influence it can have on the viewer and the techno-aesthetic requirement of the market has enticed it to develop lighting solutions where the criteria are efficiency, colour rendition and trouble-free service life to achieve optimum lighting parameters such as luminous intensity, maintenance-friendliness and freedom from glare.
The new range of luminaires have been designed and developed by the finest product designers from Germany, proficient in the field of lighting design; supported by a proficient team of Indian Professionals. The company is having its manufacturing unit at Sanad Gujarat.
Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “We are delighted to announce our robust financial performance in FY24. We’ve seen a substantial increase in our net profit and a significant rise in EBITDA, coupled with improved margins, which underscore the effectiveness of our strategic initiatives.
The growing market demand for our innovative LED lighting solutions has been a key driver behind these achievements. Moreover, our Operating Cash flow turning positive demonstrates a significant improvement in our operational efficiencies.
As we look ahead, I am excited about the opportunities that lie on the horizon. With plans for global expansion and a continued focus on innovation, I am confident that Focus Lighting & Fixtures will continue to thrive and create value. We are excited to continue leading Focus on its path to even greater success.”
