Multibagger Penny stock engaged in the construction and development of Affordable Housing Projects and various infrastructure projects hit a 2 percent upper circuit in the day’s trade upon posting its Q4FY24 results with a 27,575 percent YoY jump in Net Profits
With a market capitalization of Rs. 436 Crores, the shares of Nila Infrastructures Limited hit a 2 percent upper circuit at Rs. 11.07 from its previous day’s close price of Rs. 10.86. It has delivered multibagger returns of 113 percent in a year.
Its revenue from operations grew by 101 percent YoY from Rs. 43.15 Crores in Q4FY23 to Rs. 86.74 Crores in Q4FY24 and it grew by 152 percent QoQ from Rs. 34.31 Crores in Q3FY24 to Rs. 86.74 Crores in Q4FY24. Annually it generated a revenue of Rs. 115.08 Crores in FY23 and Rs. 184.65 Crores in FY24 indicating a growth of 60.45 percent YoY.
Its Net Profit grew by 27,525 percent YoY from Rs. 1.93 Lakh in Q4FY23 to Rs. 5.33 Crores in Q4FY24 and it grew by 66 percent QoQ from Rs. 3.21 Crores in Q3FY24 to Rs. 5.33 Crores in Q4FY24. Annually it generated a profit of Rs. 11.25 Crores in FY24 from a loss of Rs. 44.96 Lakhs in FY23.
In Addition it has recently secured multiple work orders from the Gujarat Housing Board for the construction and redevelopment of integrated group housing facility and construction and redevelopment of affordable housing for a consideration of Rs. 126 Crores and Rs. 287.50 Crores.
Nila Infrastructures is involved in the construction of Affordable Housing Projects, and the development of various infrastructure, with operations and presence mostly in Gujarat and Rajasthan.
It is mostly engaged in urban development in the form of procurement and construction (EPC)/turnkey projects of affordable housing schemes floated by government authorities.
Written by: Bharath K.S
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