Vikas Ecotech Ltd. operating at pre covid levels and targeting massive revenue in the current fiscal

Vikas Ecotech Ltd. operating at pre covid levels and targeting massive revenue in the current fiscal

Mumbai (Maharashtra) [India], October 20: BSE listed Vikas Ecotech Ltd. (BSE: 530961) has informed that it is now witnessing pre-COVID 19 levels of operations and running towards a massive growth in the current year’s revenue and profitability, which is evident from H1_FY22 performance, wherein top line grew by 181% as compared to the corresponding period of the previous fiscal. EBIDTA for the first half H1_FY22 stood at 8.51 Crore compared to Rs 7.12 Cr of H1_FY21. With an increased level of business, the company is confident of turning around and shall close this fiscal year in Profits.

Commenting on the occasion, CEO Mr. Dinesh Bhardwaj said, “We believe in looking ahead, while we have recently added on newer business segments- to our offing, we have been working on nurturing our conventional businesses as well. The team has put a lot of planning, and hard work in reviving the sales in all the product segments and the reenergized team efforts have resulted in an inflow of fresh orders from some of the renowned names in the industry.” he added.

Furthering the Steel Pipe Fittings manufacturing project, Vikas Ecotech Limited has taken possession of the ready to use factory space at Ghaziabad; the statutory registrations have been initiated, and all the statutory requisites will be completed within October’ 2021.

We are happy with the fast pace the team has been working towards establishing this project within December ’2021. The machinery and auxiliaries for the project have started reaching the location, and the team is expecting to be in a position to take a trial run during October’2021. We are confident that this project will start contributing to the Top Line within this financial year.” Mr. Bhardwaj added.

The company is targeting customers of pipes and TMT division which includes Apollo Pipes Ltd, Hitech, Surya Roshni Ltd, JTL Infra Ltd, Prakash Industries Ltd, Vishal Pipes Limited and many others.

13 thoughts on “Vikas Ecotech Ltd. operating at pre covid levels and targeting massive revenue in the current fiscal

  1. Hey there, I think your blog might be having browser compatibility
    issues. When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some
    overlapping. I just wanted to give you a quick heads up!
    Other then that, wonderful blog!

  2. We’re a bunch of volunteers and starting a new scheme in our community.
    Your website provided us with helpful information to
    work on. You have done an impressive process and our entire group will likely
    be thankful to you.

  3. Hi there it’s me, I am also visiting this web site on a regular
    basis, this site is genuinely fastidious and the visitors are in fact sharing fastidious thoughts.

  4. We’re a bunch of volunteers and opening a brand new scheme in our community.
    Your site provided us with valuable information to
    work on. You have performed a formidable task and our entire
    group will likely be thankful to you.

  5. Heya! I realize this is kind of off-topic but I had to ask.
    Does operating a well-established website such as yours require a massive amount work?
    I am completely new to running a blog but I do write in my diary on a daily basis.
    I’d like to start a blog so I can share my experience and thoughts online.
    Please let me know if you have any kind of suggestions or tips for brand new aspiring blog owners.
    Appreciate it!

  6. No matter if some one searches for his essential thing, therefore
    he/she wishes to be available that in detail, thus that thing is
    maintained over here.

Leave a Reply

Your email address will not be published.