Revenue witnessed 32% growth year-on-year (y-o-y) in FY23 with operational revenue hitting ₹ 154 Cr. This growth helped the bottom line recovery with net profits hitting ₹ 6 Cr in FY23.
A bird's eye view of business shows a recovery in ROE to 3.3% in FY23 owing to recuperation in bottom line margins (4% in FY23) and asset turns (from 26% in FY22 to 30% in FY23). However, the company has high leverage with Asset to Equity of 279%
In addition to manufacturing, Neccon Power & Infra Limited has ventured into EPC and turnkey project activities. Over the years, they have delivered various T&D projects for various government schemes viz. APSIP, DDUGJY, and NERPSIP, with major clients like PGCIL.
Sharad Agarwalla, aged 51 years, is a Non-Executive and Independent Director of the Company. A fellow member of the Institute of Chartered Accountants of India, he is the proprietor of Sharad Bajaj & Associates, Chartered Accountants having firm registration number 322423E.
Jugal Kishore Agarwalla, aged 75 years, is a Non-Executive and Independent Director of the Company. A bachelor's degree in law from Dibrugarh University is held by him. A practicing advocate and a member of the Bar Council of Assam since 1968, he was appointed as an Independent Director of the Company on March 14, 2015.