The shares of the metals and mining company hit a 5 percent upper circuit after it was awarded the prestigious GreenPro Certification by the CII-Indian Green Building Council.
With a market capitalization of Rs. 307 crores, the shares of Rudra Global Infra Ltd started Friday’s trading session flat at Rs. 29.03. During the day, the share hit a 5 percent upper circuit at Rs. 32.07 apiece.
Such a positive movement was observed after the company in an exchange filing mentioned that they have been awarded the prestigious GreenPro Certification by the CII-Indian Green Building Council. The award was given for environment-friendly practices and the constant reduction of its overall carbon footprint.
Furthermore, they mentioned that the future growth plans for the company include gradually shifting to renewable sources of energy to completely meet its overall energy demands by setting up windmills and solar plants. Moreover, the company has set a target to become carbon neutral by 2040.
Looking at the company’s financials, the revenue decreased marginally to around 2.2 percent from Rs. 138.16 crores during the June quarter to Rs. 135.11 crores in the September quarter. On a contrasting note, the net profit magnified by 75 percent from Rs. 4.40 crores to 7.73 crores during the same timeframe.
Coming onto the important financial ratio, the return on equity(RoE) was at 14.2 percent during FY22-23, and the return on capital employed(RoCE) was recorded at 12.5 percent during the same period.
According to the latest shareholding pattern, the Promoters have a 72.88 percent stake and the remaining 27.11 percent shares are with the Public.
Headquartered in Gujarat, Rudra Global Infra Ltd is engaged in the manufacturing of billets and mild steel (MS) thermo mechanical treatment (TMT) bars. The Company’s products include Rudra TMT Bar, Rudra Wires, and Rudra Pipes.
Written By Vaibhav Patil
