The shares of leading engineering consulting firms gained up to 10 percent after the company received a work order for the Review and Finalization of 2220MW Oju HEP DPR including technical support worth Rs 1.10 crore.
With a market capitalization of Rs 30.39 crores, the shares of DMR Hydroengineering & Infrastructures Ltd were trading at Rs 80.10 per share, increasing around 0.13 percent compared to the previous closing price of Rs 80.00 per share.
According to the company filing, DMR Hydroengineering & Infrastructures Ltd received a work order for the Review and Finalization of 2220MW Oju HEP DPR including technical support in obtaining clearances from CEA, and CWC and assisting the management with a project development strategy.
In addition to the previous sentence, OJU Subansiri Hydro Power Corporation Pvt Ltd. has given this order, which is valued at Rs 1.10 crore and will be completed in approximately six months.
The company serves both domestic and foreign markets and operates in the business-to-business (B2B) sector. The company operates in 13 states in the country, including Uttar Pradesh, Himachal Pradesh, Jammu and Kashmir, and many more. When it comes to overseas work, the company has completed projects in about five nations: Nepal, Nigeria, Laos, Germany, and Senegal.
Looking into DMR Hydroengineering & Infrastructures Ltd’s performance, revenue increased by 38 percent from Rs 2.27 Crore in Q2FY23 to Rs 3.14 Crore in Q2FY24. During the same time frame, net profit increased by 24 percent from Rs 0.49 crore to Rs 0.61 crore.
DMR Hydroengineering & Infrastructures Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 14.2 percent and a return on capital employed (ROCE) of 18.1 percent.
DMR Hydroengineering & Infrastructures Ltd’s recent shareholding pattern, The Promoters of the company own 72.78 percent while Retail shareholders own a 27.23 percent stake in the company. The equity ratio of the company is 0.04.
DMR offers engineering consulting and due diligence services for roads, railroad tunnels, dams, and hydropower projects.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
