Company with business in heavy engineering, hydropower generation, and flour milling hit 5% upper circuit on Tuesday’s open after a robust increase of 266% QoQ jump in the company’s Net profit.
With a market capitalization of Rs. 222 Crores, the shares of GTV Engineering hit a 5% upper circuit on Tuesday’s open at Rs.745, from its previous day’s close of Rs 710.
Q3FY25 Results
The company’s revenue from operations fell by 3.81% YoY from Rs 25.05 Crores in Q3FY24 to Rs. 24.13 Crores in Q3FY25. However, on a QoQ basis, their revenue marginally grew by 2.41% from Rs.23.56 Crores.
Its Net profit grew by 150% YoY from Rs. 1.69 Crores in Q3FY24 to Rs. 4.22 Crores in Q3FY25. On a QoQ basis, their profits grew by a stellar 267 % from Rs.1.15 Crores.
Its Net profit Margin increased from 5% in Q2FY25 to 18% in Q3FY25 and the Operating profit Margin increased from 4.90% to 24.87% for the same period
The company also declared an Interim Dividend of Rs. 0.50 per equity share. The Record Date for payment of Interim Dividend is February 5th, 2025.
Reason for increase in QoQ Profits
The cost of Materials consumed has seen a fall of 25% from Rs. 19 Crores in Q2FY25 to Rs.15 Crores in Q3FY25.
Share Price Movement
The stock opened at Rs. 745 and immediately hit the upper circuit and a 52-week high but gradually declined from there and fell to 720 at noon. The past month’s return for the stock is 32% and 6 Month’s return stands at a staggering 62%.
About the Company
GTV Engineering Ltd’s major business is a Hi-Tech Heavy Steel Fabrication & is engaged in the execution of several infrastructural projects such as power/mineral/cement/railways & metros projects). In addition at Unit-I in Malanpur, the Company is involved in the manufacturing of Whole Wheat Atta. The Company was incorporated on 04 December 1990.
Written By Abhishek Das
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