Shares of this small-cap stock associated with the ‘Civil Construction’ industry jumped approximately 3 percent in Thursday’s trading session after the company announced financial results for Q3FY23-24, i.e., for the quarter ended December 2023.
With a market capitalization of Rs 2,244.97 crores, the stocks of Capacite Infraprojects Limited started their trading session on Thursday at Rs 262.35 and currently trade at Rs 265.35, gaining around 3 percent compared to the previous closing levels of Rs 257.60 apiece.
Such bullish share price movements were witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced its financial results for the quarter ended December 2023.
On a sequential basis, the company reported an increase in its prime business indicators, viz, revenue from operations and after-tax profits with the former rising from Rs 422 crores during Q2FY23-24 to Rs 481 crores during Q3FY23-24, and the latter, keeping the timeframe the same, took a shifting from Rs 20 crores to Rs 30 crores exhibiting an increase of 50 percent.
The company, on a YoY basis too, reported positive movements in the abovementioned metrics with the operating revenues shifting from Rs 443 crores during Q3FY22-23 to Rs 481 crores during Q3FY23-24, and the bottom-line numbers, in congruence, increasing from Rs 23 crores to Rs 30 crores.
Mr. Mukul Agrawal, one of the well-known ace investors based in India, holds a stake in Capacite Infraprojects Limited. He took an entry into the company’s stock in March 2023 and currently, as per the latest data available, he holds 60 lakh equity shares equivalent to a 7.09 percent stake in the company.
As per the recent presentations, the company reported a category split of its order book with 42 percent attributable to Residential projects, 37 percent to mixed use, and the remaining 21 percent to Institutional projects.
As per the latest shareholding data for the December 2023 quarter, the company’s Promoters hold a 38.27 percent stake, Public (retail) Investors hold a 48.96 percent stake, and Foreign Institutional Investors (FIIs) hold a 7.26 percent stake in the company.
Capacit’e Infraprojects Limited is an India-based company engaged in constructing high-rise and super high-rise buildings of various types, viz, for commercial, residential, and institutional buildings. Some of its projects include Oberoi Garden City, Tata Trust, Rustomjee Seasons, etc.
Written by Amit Madnani
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