The shares of infrastructure development companies gained up to 5 percent after the company bagged a work order from the Gujarat Water Supply and Sewerage Board for Rs 41.19 crore.
Price Movement
With a market capitalization of Rs 67.56 crore, the shares of VL Infraprojects Limited were trading at Rs 43 per share, increasing around 2.99 percent as compared to the previous closing at Rs 41.75 apiece.
Reason for Rise
VL Infraprojects Limited shares gained after securing a ₹41.19 crore work order from the Gujarat Water Supply and Sewerage Board for pipeline installation, UG sump and ESR construction, RCC pump house, mechanical work, and related infrastructure under Abdasa RWSS augmentation 2021-22 (Nal se Jal) in Abdasa, Kachchh.
Financial Performance
Looking forward to the company’s financial performance, revenue increased by 2 percent from Rs 51 crore in H1FY24 to Rs 52 crore in H1Y25. During the same period, net profit increased by 33 percent, from Rs 3 crore to Rs 4 crore.
Business Verticals
VL Infraprojects Limited, engaged in Engineering Procurement and Construction (EPC), operates across multiple verticals, including water pipeline construction, irrigation projects, road construction, and building construction. Its shares gained after securing a ₹41.19 crore Gujarat Water Board contract under the Abdasa RWSS augmentation 2021-22 (Nal se Jal) project.
Also read: Pharma stock jumps 5% after signing 10 yr supply agreement with Co. in US & Europe
Joint Venture
VL Infraprojects Limited has formed project-specific joint ventures and consortiums in infrastructure and construction with companies like H.M. Electro Mech Limited (Ahmedabad), The Spun Pipe and Construction Co. (Baroda) Private Limited, and Krishna Construction Co., strengthening its capabilities in executing large-scale projects.
Ongoing Projects and Revenue Breakup
The company has 14 ongoing projects worth Rs 327.5 crore, with Rs 125 crore in revenues already booked. In FY24, revenue breakup includes ~91% from sales and ~9% from the sale of construction materials.
Company Profile
V L Infraprojects Limited executes water supply and sewerage infrastructure projects. Its operations involve the procurement, joining, installation, and commissioning of pipes, related civil engineering works, the construction of pumping stations, and the installation of electro-mechanical equipment for water transportation from rivers to households.
Written by Abhishek Singh
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. Dailyraven Technologies 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.
