Infra stock engaged in the business of road construction, sewerage, water supply works and many more hit a 5 percent upper circuit upon posing its Q4FY24 results with a 601% YoY jump in Net Profits.
With a market capitalization of Rs. 251 Crores, the shares of Teerth Gopicon Limited hit a 5 percent upper circuit at Rs. 209.10, from its previous day’s close price of Rs. 199.15.
Its Revenue from Operations half yearly grew by 81 percent from Rs. 37.37 Crores in H1FY24 to Rs. 67.55 Crores in H2FY24 and it grew by 500 percent from Rs. 11.26 Crores in H2FY23 to Rs. 67.55 Crores in H2FY24. Annually it generated a revenue of Rs. 39.08 Crores in FY23 to Rs. 104.92 Crores in FY24, indicating a growth of 168 percent.
Its Net profit half yearly grew by 138 percent from Rs. 3.42 Crores in H1FY24 to Rs. 8.13 Crores in H2FY24 and it grew by 601 percent from Rs. 1.16 Crores in H2FY23 to Rs. 8.13 Crores in H2FY24. Annually it generated a Net Profit of Rs. 1.7 Crores in FY23 to Rs. 11.56 Crores in FY24, indicating a growth of 580 percent.
In Addition, recently the Arbitral Tribunal has passed an arbitral award in favor of Teerth Gopicon Limited where the Tribunal has directed Pooja Reality (P) Ltd to pay a sum of Rs. 29.22 Crores to Teerth Gopicon Limited.
Teerth Gopicon Limited is engaged in the business of road construction, sewerage, and water supply in Madhya Pradesh. It has undertaken various works as a registered contractor of various central and state governments like IMC, USCL, UMC, ISCDL, MPJNM, etc., and has also undertaken construction works for the private sector.
It has reported a return on equity (ROE) of 147 percent, a return on capital employed (ROCE) of 144 percent, and a debt-to-equity ratio of 0.58.
Written by: Bharath K.S
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