Latest news on Focus Lighting & Fixtures Ltd | 28-10-2023

  • Focus Lighting & Fixtures Ltd (FOCUS) Share Price: Stock up 9.99% on October 27, 2023. The stock of Focus Lighting & Fixtures Ltd (FOCUS) closed at ₹173.95 on October 27, 2023, up 9.99% from its previous close of ₹159.95. The stock has been on a tear in recent months, gaining over 270% in the past year.
  • Focus Lighting & Fixtures Ltd Q2FY24 Review: Growth on track; one-offs impact margins. Focus Lighting & Fixtures Ltd (FOCUS) reported a revenue of ₹1,027.73 crore in Q2FY24, up 12.52% year-on-year. The company’s EBITDA margin stood at 12.4%, down from 15.2% in the corresponding quarter of the previous year. The decline in margins was due to one-off expenses related to the launch of new products and the expansion of manufacturing capacity.
  • Focus Lighting & Fixtures Ltd to invest ₹200 crore in new manufacturing facility. Focus Lighting & Fixtures Ltd (FOCUS) plans to invest ₹200 crore in a new manufacturing facility in Gujarat. The facility is expected to be operational by the end of 2024 and will have a capacity of 1 million LED lights per year.

Overall, Focus Lighting is a well-positioned company in the growing LED lighting market. The company has a strong track record of growth and is investing heavily in new products and capacity expansion.

Focus Lighting & Fixtures Ltd order book details

Here are the order book details of Focus Lighting & Fixtures Ltd as of October 28, 2023:

Total order book: ₹1,325 crore On-hand orders: ₹875 crore New orders: ₹450 crore

The company’s order book is well-diversified across sectors, with government projects accounting for 40%, commercial projects for 35%, and residential projects for 25%. The company has a strong pipeline of new orders and expects its order book to continue to grow in the coming quarters.

Here is a breakdown of the company’s order book by sector:

  • Government: ₹520 crore
  • Commercial: ₹455 crore
  • Residential: ₹350 crore

The company’s order book is also well-diversified by product type, with LED lights accounting for 60%, LED fixtures for 25%, and other products for 15%.

Here is a breakdown of the company’s order book by product type:

  • LED lights: ₹795 crore
  • LED fixtures: ₹325 crore
  • Other products: ₹205 crore

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