The share price of this leading construction company in civil projects hit a 2 percent upper circuit after the company received an order of Rs 267 crore from the Ministry of Road Transport and Highways.
On Monday’s early trade, GPT Infraprojects Ltd shares touched a 2 percent upper circuit to a 52-week high price of Rs 168.30 on the stock exchange. The company has a market capitalization of Rs 977 crores.
GPT Infraprojects Limited has received an order worth Rs 267 Crore from the Ministry of Road Transport and Highways (MORTH) the Government of India through the Office of Superintending Engineer National Highway Circle No II, Public Works Directorate for the Construction of 4-lane Raniganj Bypass of length 5.261 km on NH-60 in Paschim Bardhaman, West Bengal in EPC Mode.
GPT Infraprojects shares have delivered a multibagger return of 156 percent in the last six months and 208 in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 3.08 lakhs in a year.
The company’s revenue has increased 24 percent year on year, from Rs 153 crore in Q2FY23 to Rs 234 crore in Q2FY24. During the same period, Net profit has also increased by 180 percent from Rs 5 crore to Rs 14 crore.
As of the September quarter, the company has a strong order book of Rs 2,877 crores. which includes 91 percent of orders from the infrastructure segment and the remaining 9 percent from Concrete Sleeper sleeper segments.
Additionally, the company received 89 percent revenue from the infrastructure segment and 11 percent revenue from concrete sleepers from the railway segment.
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.
Written by Omkar Chitnis
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