The share price of this leading construction firm gained around 9 percent after the company received a contract worth ₹135 crore from the North Central Railway, Agra, Uttar Pradesh.
At 11:45 a.m., GPT Infraprojects Ltd. shares were trading at ₹183.40 per share, up 6.20 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹1,068 crore.
According to the company exchange filing, the company received a contract worth ₹135 crores from North Central Railway, Agra, Uttar Pradesh,for blanketing, construction of minor bridges, subways, side drains, toe walls, P.Way Track linking, transportation of P.way material, supply & stacking of ballast, leading out of ballast, AT welding and other ancillary work under North Central Railway, Agra, Uttar Pradesh.
GPT Infraprojects shares have delivered a multibagger return of 110 percent in the last six months and 271 percent in a year. A shareholder investment of ₹ 1 lakh in the company would be worth Rs 3.71 lakhs in a year.
The company’s revenue has increased 27 percent year on year, from ₹200 crore in Q3FY23 to ₹254 crore in Q3FY24. During the same period, Net profit has also increased by 114 percent, from ₹7 crore to ₹15 crore.
GPT Infraprojects Ltd is a leading construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railway sleepers out of concrete.
GPT is the only Indian firm with a concrete sleeper business in three countries such as South Africa, Namibia, and Ghana. The company has notable clients that include RITES, NHAI, RVNL, Ircon International Ltd, and many more.
The company generates 7% of its revenue from Concrete Sleepers and 93% from Infrastructure projects. As of the December quarter, the company reported an order book of ₹2,761 crores, with 92% of orders coming from infrastructure projects and the remaining 8% from Concrete Sleepers.
The company boasts a notable clientele, including Ircon International, RITES, NTPC, NHAI, and many more.
Written by Omkar Chitnis
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