The shares of the project management service provider gained up to 7 percent after the company bagged a new project from the National Highway Authority worth Rs 2.55 crore.
Price movement
With a market capitalization of Rs 50.19 crore, the shares of Artefact Projects Ltd were trading at Rs 69.00 per share, increasing around 6 percent as compared to the previous closing price of Rs 64.92 apiece.
Reason for rise
The shares of Artefact Projects Ltd have seen bullish movement after securing a Rs 2.55 crore project from NHAI for supervision consultancy on NH-30 (Ibrahimpatnam Circle to Tiruvuru AP-Telangana border). Awarded in JV with Mangalam Infra & Engineering, Renaissance I0T LLP, and Desh Upodesh Ltd., the contract excludes GST and involves operations and maintenance oversight.
Financial performance
The company’s revenue stretched 15 percent, rising from Rs 6.38 crore in Q3FY24 to Rs 7.33 crore in Q3FY25, while net profit dipped by 31 percent, from Rs 1.82 crore to Rs 1.24 crore during the same period, reflecting strong financial performance and continued business growth.
Also read: Tata Group stock trading at discount of upto 48% despite strong Q3 result to keep an eye on
Ratio analysis
In terms of major financial measures, the firm recorded a return on equity (RoE) of 8.82 percent and a return on capital employed (RoCE) of 11.05 percent for the fiscal year 23-24. Furthermore, the net profit margin was 21.65 percent throughout the same time.
Recent project
Artefact Projects Ltd has completed a number of projects, including detailed design and DPR for over 681.50 kilometers of highways and other roads, project management services for highway projects such as the ADB-funded Chhattisgarh Rural Roads Development project, and consultancy assignments for urban transportation infrastructure projects in Mumbai and Agra.
Company profile
Artefact Projects Limited provides engineering, architectural, and project management services for infrastructure projects, especially highways. Its projects include highways, urban infrastructure, and airports. It offers specialized project services for the road sector for more than 10000 kilometers (km).
Written by Abhishek Singh
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