Mayukh Dealtrade Ltd Net Profit in Q1FY25 rise 328 Percent to Rs. 33.77 lakh, Net sales rise 18.6 Percent to Rs. 69.59 lakh

Commenting on the performance of the company, Mr. Mit Brahmbhatt, Managing Director, Mayukh Dealtrade Ltd said, “We are overwhelmed with the performance of our team in Q1FY25. The results are in-line with our expansion and growth plans. The company is growing stronger, healthier, and reaching new heights. Our stakeholders’ faith and confidence have been critical fuel in our never-ending journey of steady growth and improvement. We aim to continue the pace of growth and further concrete our position in the market.”

For the financial year 2024, the company had reported a Net Profit of Rs. 1.19 crore, as compared to net profit of Rs. 59.23 lakh, resulting an increase of 101% Y-o-Y. For the year ended on 31^st March, 2024, the company’s income from operations / net sales rise 60.57% to Rs. 3.55 crore as compared to net sales of Rs. 2.21 crore in FY2023.

The global electrical equipment market reached a value of nearly $1,180.0 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.1% since 2015. The market is expected to grow at a CAGR of 7.1% from 2020 to reach $1,662.7 billion in 2025. The global electrical equipment market is expected to reach $2,248.2 billion in 2030, at a CAGR of 6.2%.

“While energy policies have led to efficiency gains, especially for major household goods such as refrigerators and televisions, small appliances and consumer electronics are not aligned with global climate goals and continue to be unregulated in most countries. Expanded policy coverage and increased stringency are needed in all countries”, believes Mr. Brahmbhatt

Growth in the historic period resulted from economic growth in emerging markets, favourable government initiatives, and technological advances. Factors that negatively affected growth in the historic period were political uncertainties and geopolitical tensions, and volatile metal prices. Going forward, innovations in electrical equipment, rising investments in energy efficient infrastructure, and appropriate government initiatives will drive growth.

The electrical equipment market is segmented by type into electric lighting equipment, household appliances, power generation, transmission and control equipment, batteries, wires and cables. The power generation, transmission and control equipment market was the largest segment of the electrical equipment market segmented by type, accounting for 38.2% of the total in 2020. Going forward, the batteries segment is expected to be the fastest growing segment in the electrical equipment market, at a CAGR of 9.1% during 2020-2025.

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