{"id":26881,"date":"2023-02-15T10:35:39","date_gmt":"2023-02-15T10:35:39","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2023\/02\/15\/focus-lighting-q3fy23-net-profit-up-760\/"},"modified":"2023-02-15T10:35:39","modified_gmt":"2023-02-15T10:35:39","slug":"focus-lighting-q3fy23-net-profit-up-760","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2023\/02\/15\/focus-lighting-q3fy23-net-profit-up-760\/","title":{"rendered":"Focus Lighting Q3FY23 Net profit up 760%"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], February 15<\/strong>:\u00a0<\/strong>Focus Lighting &\u00a0<\/strong>Fixtures Limited. (NSE \u2013\u00a0FOCUS)<\/strong>,\u00a0engaged in manufacturing &\u00a0innovative lighting solutions of LED lights and fixtures,\u00a0announced\u00a0<\/strong>its unaudited Financial Results for Q3 FY23 and 9M FY23.<\/p>\n

Consolidated Key Financials at a Glance:<\/strong><\/p>\n

Q3 FY23:<\/u><\/strong><\/p>\n

Total Income at\u00a0\u20b961.31 crore; up 137.08%<\/p>\n

EBITDA at\u00a0\u20b915.30 crore; up \u00a0438.73%<\/p>\n

PAT at\u00a0\u20b911.35 crore; up 759.85%<\/p>\n

EPS at\u00a0\u20b911.20; up 761.54%<\/p>\n

9M FY23:<\/u><\/strong><\/p>\n

Total Income at \u20b9128.85 crore; up 81.35%<\/p>\n

Revenue from Manufacturing activities contributed \u20b9 86.60 crore against \u00a0\u20b939.72 crore in 9MFY22<\/p>\n

Revenue from Trading activities contributed \u20b9 41.09 crore against \u20b930.61 crore in 9MFY22<\/p>\n

EBITDA at \u20b926.88 crore; EBITDA up 434.39%<\/p>\n

PBIT from Manufacturing activities contributed \u20b9 20.57 crore against \u20b9 1.97 crore in 9MFY22<\/p>\n

PBIT from Trading activities contributed \u20b9 3.22 crore against \u20b9 0.58 crore in 9MFY22<\/p>\n

PAT at \u20b918.19 crore; up 1,366.94%<\/p>\n

EPS at \u20b917.94; up 1,370.49%<\/p>\n

Commenting on the performance, Mr. Amit Sheth, Managing Director of\u00a0Focus Lighting & Fixtures said,<\/strong><\/p>\n

\u201cThe company has recently placed a greater emphasis on its project business, which are characterized by high value and attractive margins. This strategic focus has resulted in a noticeable improvement in its performance during the third quarter and 9 months of the fiscal year 23.<\/p>\n

The company\u2019s dedication to research and development has been key to enhancing its margin profile by producing cutting-edge and class-leading products that are in high demand.<\/p>\n

The demand for the company\u2019s products is further driven by the growing number of projects and the Indian government\u2019s \u201cMake in India\u201d initiative, which is aimed at promoting domestic manufacturing and boosting economic growth.\u201d<\/p>\n

About Focus Lighting & Fixtures Limited:<\/strong><\/p>\n

Focus Lighting & Fixtures Limited (NSE \u2013 FOCUS)<\/strong>\u00a0The company was established in 2005 and the company currently provides a wide range of products which includes recessed adjustable spotlights, recessed downlights, surface mounted spotlights, surface-mounted \/ suspended downlights, system-based spotlights\/wall washer, track-mounted spotlights, etc. each with different working capabilities. 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, color 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.<\/p>\n

The Company reported revenues to\u00a0\u20b9\u00a0106.6 crore and net profit of\u00a0\u20b9\u00a04.10 crore in FY22.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], February 15:\u00a0Focus Lighting &\u00a0Fixtures Limited. (NSE \u2013\u00a0FOCUS),\u00a0engaged in manufacturing &\u00a0innovative lighting solutions of LED lights and fixtures,\u00a0announced\u00a0its unaudited Financial Results for Q3 FY23 and 9M FY23. Consolidated Key Financials at a Glance: Q3 FY23: Total Income at\u00a0\u20b961.31 crore; up 137.08% EBITDA at\u00a0\u20b915.30 crore; up \u00a0438.73% PAT at\u00a0\u20b911.35 crore; up 759.85% EPS at\u00a0\u20b911.20; […]<\/p>\n","protected":false},"author":1,"featured_media":26882,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3],"class_list":["post-26881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/26881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=26881"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/26881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/26882"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=26881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=26881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=26881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}