The shares of the leading infrastructure company gained up to 4 percent after the company bagged a prestigious work order from Hn Safal Infra Developers Pvt Ltd worth Rs 30.05 crore.
With a market capitalization of Rs 495.59 crore, the shares of Chavda Infra Ltd were trading at Rs 201.00 per share, increasing around 4.36 percent as compared to the previous closing price of Rs 192.60 apiece.
Reason for rise:-
According to the company filing, Chavda Infra Ltd bagged a prestigious work order from Hn Safal Infra Developers Pvt Ltd for Construction work including R.C.C. work, masonry, plaster & other work in Ambali, Ahmedabad, Gujarat. The order valued at Rs 30.05 crore.
Financial performance:-
Examining the company’s financial condition, revenue ramped up by 34 percent from Rs 103 crore in H2FY24 to Rs 139 crore in H1FY24, during the same time frame net profit zoomed significantly by 71 percent from Rs 7 crore to Rs 12 crore.
Order Book:-
The company’s order book is on hand for the value of Rs 1,093.11 Crores and the Unexecuted order book as of date is Rs 712.04 Crores. In which 28 percent of commercial projects, 61 percent of Residential, and 11 percent of Institutional projects.
The company has a strong client base including Surya Buildcon, Sports Clubs, Ratan Group, Saral, Suyash Group, Sadbhav and others.
Ongoing & completed projects:-
the company has over 30 ongoing projects worth approximately ₹ 60,139 lakhs. Out of 26 ongoing projects 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.
The company has delivered more than 100 completed projects worth ₹ 67,099.45 Lakhs in Residential Properties, Commercial Properties, Institutional Infrastructures, etc. The company provides services ranging from planning and design to construction and post-construction activities.
Company Profile:-
Chavda Infra Ltd offers its clients a broad range of construction services, including planning, design, construction, and post-construction operations. The company’s in-house experience allows it to manage a project from its inception to its timely conclusion.
Written by:- Abhishek Singh
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