Shares of this leading EPC and turnkey solutions provider rose 2.4 percent after winning civil construction contracts worth Rs. 1,203 crore from Signatureglobal (India) Limited in Gurugram, Haryana.
Share price variations:
With a market capitalization of Rs. 2,901.07 crores, Capacite Infraprojects Ltd. rose to an intraday high of Rs. 343.90 representing a 2.4 percent increase from its previous closing price of Rs. 335.80 per share.
Reason for the Rise:
According to exchange filings, Capacite Infraprojects Ltd has secured a contract worth Rs. 1,203 crore from Signature Global (India) Limited. The contract includes civil structure construction, partial MEP work for all towers and basements, and ancillary buildings in the Titanium SPR Group Housing Project (Phase 1 and 2) in Sector 71, Gurugram, Haryana.
Financial Performance:
For Q1FY25 the company reported a net profit increase of 180 percent to Rs. 53.43 crores compared to Rs. 19.08 crores in Q1FY24, while revenue from operations marked an increase of 32.36 percent to Rs. 569.75 crores from Rs. 430.45 crores in comparison to the same period.
As of June, the company’s order book totals Rs. 8,828 crores, comprising 19 percent from institutional projects, 44 percent from mixed-use developments, and 37 percent from residential projects and about 72 percent of the order book value is from the public sector.
About the company:
Incorporated in 2012, Capacity Infraprojects Limited is primarily engaged in the EPC business and provides turnkey solutions for housing, high rises, super high rises, specialty buildings, and urban infrastructure. The company offers these services to leading real estate and government bodies in India.
The company has completed over 60 projects across various segments. As of September 2024, ace investor Mukul Agrawal holds a 5.34 percent stake in the company holding 52.50 lakhs of equity shares valuing Rs. 176.30 crores.
Written By Joseph Pv
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