The shares of one of India’s leading EPC company in concrete sleepers for railways touched the upper circuit percent on Friday’s early trade after the company received an order of Rs 32 crore from the Indian Railways.
At 11:15 p.m., GPT Infraprojects Ltd shares touched a 2 percent upper circuit of Rs 76.80 on the stock exchange. The company has a market capitalization of Rs 446 crores.
As per the company’s exchange filings, the Company received a contract order worth Rs 32 crore from Eastern Railway, Kolkata for the Manufacture and supply of a Mono-Block Pre-Stressed Concrete Sleeper confirming to RDSO Drg No 8746.
The company reported a 25 percent rise in revenue for the June quarter, to Rs 235 crore, from Rs 187 crore in the corresponding previous year’s quarter (Q1FY23). During the same time period, the company’s net profit increased by 100 percent to Rs 12 crore from Rs 6 crore.
Profitability ratios of GPT Infraprojects have improved, with return on equity at 11.32 percent and return on capital employed at 20.51 percent, while margins also increased, with net profit margin at 3.51 percent and operating profit margin at 9.04 percent.
As per the latest shareholding pattern, the promoters hold 75 percent of the company, while Domestic institutional investors own 2.28 percent and retail investors own 22.65 percent.
The stock has increased 48 percent in the previous six months and 65 percent in the last year.
GPT Infraprojects Ltd is a construction firm that works on civil and infrastructural projects. It also makes railway sleepers out of concrete. GPT is the only Indian firm with a concrete sleeper business in three countries: South Africa, Namibia, and Ghana.
Written by Omkar Chitnis
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