During Wednesday’s trading session, the shares of a company engaged in construction and allied services across residential, commercial, and institutional projects moved up by around 11.2 percent on NSE, after securing an order worth Rs. 72.75 crores for the construction of the commercial building.
Price Movement
With a market capitalisation of Rs. 315.6 crores, the shares of Chavda Infra Limited closed in the green at Rs. 125.9, up by around 1.7 percent, as against its previous closing price of Rs. 125.9.
What’s the News
As per the latest regulatory filings with the NSE, Chavda Infra Limited has secured a work order valued at Rs. 72.75 crores for the construction of a commercial building project named “Corporate House” for Nirma Limited.
The scope of the project includes construction activities such as RCC work, masonry, plastering, and other related works. The project is scheduled to be completed within 24 months and will be located in Bodakdev, Ahmedabad, Gujarat.
With this order, the cumulative order value for the ongoing calendar year has reached Rs. 291.73 crores. Consequently, Chavda Infra’s total value of orders on hand now amounts to Rs. 1,378.53 crores, with an unexecuted order book of nearly Rs. 797.82 crores.
Previous Updates
27th March: Chavda Infra Limited received an order worth around Rs. 219 crores for a commercial project named “THE IDENTITY,” which includes RCC work, masonry, plastering, and other construction tasks. The project is located in GIFT City, Gandhinagar, Gujarat.
Financial Performance
Chavda Infra reported a significant increase in revenue from operations, experiencing a year-on-year growth of nearly 11.7 percent, rising from Rs. 103 crores in H1 FY24 to Rs. 115 crores in H1 FY25.
The company’s net profit increased by around 28.6 percent YoY from Rs. 7 crores to Rs. 9 crores during the same period.
About the Company
Chavda Infra Limited have a presence in the real estate and construction sector in Gujarat, particularly in Ahmedabad and Gandhinagar, and its portfolio spans residential, commercial, and institutional sectors.
Written by Shivani Singh
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