Stock that operates in the Infrastructure & Construction sector is in focus after it received an order worth Rs. 23 Crore for a construction project for a Commercial building.
Share Price Movement
With a market capitalization of Rs. 27 Crore, the stock of Shashijit InfraProjects opened at Rs. 5.27 up 1.93 percent from yesterday’s closing price of Rs. 5.17, and the open is also the upper circuit at Rs. 5.27.
Order Update
The Company has received a Letter of Intent (LOI) from Silverbell Realty, a Vapi-based Partnership Firm for Civil construction work for a Commercial building with a double basement.
The total Consideration for the order is Rs 23.59 Crores and the order has to be executed within 24-30 months.
Also read: RBM Infracon jumps 5% after receiving ₹11 Cr orders from domestic client
Financial highlights
The company reported a 20.69 percent YoY decrease in revenue from Rs. 6.33 Crore in Q3FY24 to Rs. 5.02 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 4.80 percent in revenue from Rs. 4.79 Crore in the previous quarter.
Their Net profit saw a turnaround from Rs. 0.07 Crore Profit to Rs. 0.93 Crore loss for the same period. On a QoQ basis, the company reported an increase in net loss from Rs.0.51 Crore.
About the Company
Shashijit Infraprojects Ltd. is a construction and infrastructure development company specializing in building industrial facilities. The company focuses on constructing factories, warehouses, powerhouses, driveways, and public utility structures for industries across various sectors. It provides end-to-end infrastructure solutions, including planning, design, and execution, ensuring high-quality and durable industrial spaces.
Written By Abhishek Das
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