Shares of this company engaged in providing construction, maintenance, and turnaround services for a variety of industries rose over 1 percent after securing a Rs.3.7 crore order from Caroa Properties LLP Maharashtra, temporary civil works related to monsoon work.
Price Movement
In Wednesday’s trading session, RBM Infracon Ltd’s share price reached an intraday high of Rs.779.00 per share, up 2.5 percent from its previous closing price of Rs.769.35 apiece.
What is the news
RBM Infracon Ltd has been awarded a domestic service order by Caroa Properties Llp, valued at Rs.3,70,75,600, for temporary civil works related to monsoon preparation and management.
The order outlines the requirement for civil work that needs to be completed to mitigate the impact of the monsoon. The contract was awarded on November 12, 2024, and the work must be completed by December 31, 2025.
RBM Infracon Limited has an order book of Rs.1,384 crore and is executing 16 ongoing projects across various sectors, supporting its growth and operational stability.
Client Portfolio
Key clients of RBM Infracon Ltd include major industry players such as Reliance, Adani, Nayara Energy, Epitome, BN Agritech, Kalpataru Projects, Dalmia, ReNew Energy, Vedanta, and L&T. These clients span various sectors, including energy, infrastructure, and industrial projects, reflecting the company’s wide-ranging expertise and strong market presence.
Management Guidance
For FY25, the company has set its guidance with a target of achieving a top line of Rs.400 crore, along with a bottom line of Rs.40 crore in profit after tax (PAT). Additionally, the company aims to reach an EBITDA target of Rs.40 crore, reflecting its expectations for strong financial performance across revenue, profitability, and operational efficiency in the coming fiscal year.
Financial Performance
In its recent financial update for the quarter ending June 2024, RBM Infracon Ltd reported revenue from operations of Rs.38.85 crore, reflecting a 100 percent incline from Rs.19.52 crore in Q1 FY24. Net Profits also improved 250 percent to Rs.3.29 crore from Rs.0.94 crore in the same period.
Company Overview
RBM Infracon Limited is an Indian company focused on providing construction, maintenance, and turnaround services across industries such as oil and gas refineries, petrochemicals, power plants, and cement. Founded in 1992, the company is known for its engineering services and adherence to safety and quality standards.
Written by – Siddesh S Raskar
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