In Friday’s trading session, the shares of a company engaged in the trading construction and building materials hit a 2% upper circuit at Rs. 91.46 on BSE, after the company was awarded a Rs. 21.2 lakh order from Larsen and Toubro (L&T) Limited.
With a market capitalisation of Rs. 114.6 crores, the shares of Constronics Infra Limited opened in the green at Rs. 91.46, as against its previous closing price of Rs. 89.67.
What’s the News:
According to the latest regulatory filings with the BSE, Constronics Infra Limited received a contract worth Rs. 21.2 lakh from Larsen and Toubro (L&T) Limited.
The order is for the supply of wet ash for the L&T MPRRP (Madras Peripheral Ring Road Project) project, to be executed by 30th November 2024.
Previous Order:
On 21st May, Constronics Infra Limited was awarded a contract for a value of Rs. 4.64 Crores from the Karunya Institute of Technology and Sciences, Coimbatore, for the construction of high-level RCC Bridge Across Odai in Karunya Educational and Research Trust, Karunya Nagar.
On 4th July, the company secured a contract worth Rs. 42.3 crores from KCP Infra Limited for the construction of a flyover including Junction Improvements of NH 67, to be executed in 22 months.
Financials:
The company has reported a significant growth in the consolidated revenue from operations, with a 1943% YoY rise from Rs. 0.14 crores in Q1FY24 to Rs. 2.86 crores in Q1FY25.
However, the net profit slumped by 300 percent YoY from Rs. 0.03 crores to a loss of Rs. 0.06 crores, during the same period.
In the first quarter of the 2024-25 fiscal year, Constronics Infra significantly increased its total expenditure by 2672.7% to Rs. 3.05 crore compared to Rs. 0.11 crore in Q1FY24.
Shareholding Pattern:
As per the June 2024 shareholding pattern, the Promoters hold a 10.63 percent stake in the company, while Retail Investors hold an 89.38 percent stake in Constronics Infra.
Stock Performance:
The shares of Constronics Infra delivered multibagger returns of nearly 617.3 percent in one year as well as around 430.8 percent returns year-to-date.
About the company:
Incorporated in 1992, Constronics Infra Limited, formerly known as Invicta Meditek Limited, is engaged in the business of trading in construction and building materials such as blue metals, m-sand, crushed stone and other allied products.
Written by Shivani Singh
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