Dear Shareholders,
It gives me immense satisfaction to share with you all the 15th Annual Report of
the business and operations of DMR Hydroengineering and Infrastructures Limited
(‘DMR' or ‘Company') for the financial year ended March 31, 2024. DMR continues
its path-breaking and successful run. We represent a unique model which combines the
highest standards of corporate governance and people-centric culture with industry-leading
results of profitability and growth.
During the Financial year 2023-24, the Company witnessed a growth of 60.40% in its
revenue from operations i.e., from Rs. 437.73 Lakhs in the previous year to Rs. 702.14
Lakhs in the current year. Further, the net profit of the Company grew by 100.19% i.e.,
from Rs. 77.01 Lakhs in the previous year to Rs. 154.17 Lakhs in the current year.
In addition, the EBITDA from Rs. 127.17 Lakhs in the previous year to Rs. 235.41 Lakhs
in FY 2023-24, which is 85.11%.
Our future growth strategy during the year 2023-24, has been continued to be built
around the followings:
• Recruitment and deployment of 7 no. Senior full time experts in the leadership
position for fulfilling the positions in operation and design and business development
areas;
• Recruitment and deployment of middle level talent in operation and business
development;
• Recruitment and deployment of fresh engineering graduates from NITs;
• Building strong order book through pro-active outreach to potential customers
• IT as backbone
To focus on growth, we have strengthened our business development division and built
relationship within the country and internationally in Laos, Bhutan and Nepal.
Our pro-active reach during the year 2023-24, has resulted in acquiring several new
customers and new business opportunities. We have done several assignments as lender
Independent Engineers (LIE) with IREDA. We have also delivered several assignments in pump
storage areas which is the most promising business opportunities for our Company.
Our Company has also acquired controlling stake in DM Consulting Engineers Private
Limited which is catering to technological areas in the field of Engineering Geo-physics
for sub-surface investigation for infrastructure projects.
Design services in renewable energies, dams and dams safety, small hydro, pump storage,
road and rail tunnels, transmission system continuous to be our major activities areas
which are driving growth of infrastructures sector in India as well as outside India.
Our domestic and international presence continues in several projects and we expect to
expand domestically as well as internationally further.
As we look ahead to the future, we are optimistic and excited about the tremendous
opportunity that awaits us. Our organization strives to be a global company by having its
presence both in developed and developing economies across the globe in the coming 10
years. This will be achieved through management actions and continued guidance and support
of shareholders, employees and customers.
Before I conclude, I would like to express my gratitude to our clients for their
continued faith and trust in DMR. I am also grateful to all DMR for their commitment and
dedication to enable the happiness of our clients. I am grateful to our Board of
Directors, Shareholders, Employees and all other Stakeholders for their wishes, continued
guidance and support that help us accelerate sustainable growth and prolific journey.
On behalf of the Board of Directors of DMR, I want to thank you for your continued
trust, confidence, and support.
Let me close by wishing all of you stay safe and stay healthy and take care of
yourselves.
| With warm regards |
| Subhash Chander Mittal |
| Chairman & Managing Director |