The shares of the versatile construction company gained up to 5 percent after the company received a contract from National Highway Authority of India worth Rs 50.80 crore.
With a market capitalization of Rs 246.60 crore, the shares of Brahmaputra Infrastructure Ltd were trading at Rs 84.98 per share, increasing around 1.13 percent as compared to the previous closing of Rs 84.03 apiece.
According to the company filing, Brahmaputra Infrastructure Ltd received a contract for Four Lane divided carriageway Road with paved shoulders configuration from km. 5+500 to km. 35.862 of NH-36 and km. 00+000 to 22+000 of NH-54 including 2.107 km Doboka Bypass in the state of Assam from National Highway Authority of India worth Rs 50.80 crore.
Looking into Brahmaputra Infrastructure Ltd’s performance, revenue decreased by 5 percent from Rs 55.81 Crore in Q4FY23 to Rs 52.89 Crore in Q4FY24. During the same time frame, net profit increased by 60 percent from Rs 3.28 crore to Rs 5.27 crore.
The stock has delivered returns of 62.70 percent in the last six months and a multi-bagger return of 157.59 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.57 lakh in a year.
Recently, the company made a significant announcement in an exchange filing, where it reported a consolidated order book totaling ₹1,186.67 crores as of March 31, 2024.
The budget included ₹146 crore for bridge work, ₹504 crore for building, ₹151 crore for river protection, ₹138 crore for road maintenance, ₹231 crore for tunnel work, and ₹14.39 crore for warehouse and miscellaneous work.
Brahmaputra Infrastructure Limited is an India-based corporation that specializes in EPC and real estate. The company works in two segments: EPC and Real Estate.
Written by:- Abhishek Singh
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