This small-cap stock engaged in the construction and infrastructure development sector and focusing on projects like bridges, roads, and railway infrastructure across India, skyrocketed 14 percent after securing an order worth Rs. 481 crore from South Eastern Railway Kolkata
Stock Price Movement:
With a market capitalization of Rs. 1,325.56 crores, the share of GPT Infraprojects Limited has reached an intraday high of Rs. 108.81 per equity share, rising nearly around 13.98 percent from its previous day’s close price of Rs. 95.46. Since then, the stock has retreated and is currently trading at Rs. 104.90 per equity share.
What Happened:
GPT Infraprojects Limited has been awarded the L1 (First Lowest) position for a contract valued at Rs. 481.11 crore. The contract is awarded by CAO Construction, South Eastern Railway Kolkata, and involves the construction of an important bridge over the River Rupnarayan, including a viaduct and elevated platforms at Kolaghat Station.
The project will be executed under the Engineering, Procurement, and Construction (EPC) mode, located on the Howrah-Kharagpur route in the Kharagpur Division.
Order Book:
The company currently has an order backlog of Rs. 3,332 crores, which is 3.3 times its expected revenue for FY24. During the year, the company received Rs. 1,040 crores in new orders and expects to achieve a 15 percent to 18 percent growth in FY25. Some of the significant contracts in the order book include the NHAI Ganga Bridge, RVNL Pune Expressway, and Mathura-Jhansi projects.
Future Outlook:
The company aims for an order inflow of approximately Rs. 2,000 crores in FY25, with ongoing bids for large contracts ranging from Rs. 750 crores to Rs. 1,100 crores, positioning itself for strong growth and new opportunities in the coming year.
Recent quarter results:
GPT Infraprojects Limited’s revenue has increased from Rs. 254 crore in Q3 FY24 to Rs. 278 crore in Q3 FY25, which has grown by 9.45 percent. The net profit has also grown by 40 percent from Rs. 15 crore in Q3 FY24 to Rs. 21 crore in Q3 FY25.
Written By – Nikhil Naik
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