Synopsis:
Consolidated Construction Consortium Ltd surged after securing multiple domestic orders worth Rs. 180 crore, covering 13.5 lakh square feet across India.
A construction stock jumped sharply after announcing fresh order wins across diverse sectors, reflecting optimism around its growing backlog and execution pipeline. Investor sentiment turned positive as the company secured contracts spanning buildings and factories to be completed in FY26.
Consolidated Construction Consortium Ltd, with a market capitalization of Rs. 993.59 crore, opened at Rs. 19.98 after a previous close of Rs. 18.54. The stock rallied to hit its 20 percent upper circuit at Rs. 22.24 during intraday trade.
What’s the News?
The company announced receipt of multiple domestic contracts aggregating to Rs. 180 crore for construction of buildings and factories totaling 13.5 lakh square feet at various sites across India. The orders, awarded on a BOQ-based item rate contract basis, are scheduled for execution in FY25-26.
Key projects include a Rs. 76 crore commercial building in Kochi, Rs. 29 crore industrial facilities in Tirunelveli and Chennai, Rs. 56 crore institutional projects in Bengaluru, Rs. 9 crore car parking maintenance works in Delhi, and a Rs. 10 crore hotel building in Mysuru. With these wins, the company’s total order backlog now stands at Rs. 652 crore.
Also Read: Stock jumps 5% after FII plans to sell 54% stake worth ₹12,000 Cr in the company
Financial Snapshot
On a quarter-on-quarter basis, revenue rose by 13.3 percent to Rs. 51 crore from Rs. 45 crore. Operating losses widened to Rs. 22 crore from Rs. 8 crore. Profit before tax grew by 41.8 percent to Rs. 78 crore from Rs. 55 crore, while net profit climbed 39.3 percent to Rs. 78 crore from Rs. 56 crore.
On a year-on-year comparison, revenue surged 82.1 percent to Rs. 51 crore from Rs. 28 crore. Operating losses deepened to Rs. 22 crore from Rs. 4 crore. Profit before tax swung from a loss of Rs. 3 crore to a profit of Rs. 78 crore, while net profit also turned around from a loss of Rs. 3 crore to a profit of Rs. 78 crore.
About the Company
Consolidated Construction Consortium Limited was founded in 1997 by first-generation entrepreneurs R. Sarabeswar and S. Sivaramakrishnan, both former engineers at L&T. Since inception, it has executed more than 950 projects across 21 states and union territories in India, including 294 industrial projects, 425 commercial developments, 7 airports, and 84 residential projects, covering an aggregate built-up area of over 130 million square feet.
Written By Manan Gangwar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
