Micro-cap stock hit its upper circuit of 5 percent of Rs 167.30 from its previous close of Rs 159.35 on Thursday, after the company received from Indian railways worth Rs 485 crores.
In the filling of Oriental Rail Infrastructure Ltd, the company has received an order from the Railway Board, Indian Railways worth Rs 485 crores for manufacturing and supplying 1200 BOXNS Wagons. The period of order execution is December 31, 2025.
Additionally, the terms and conditions of the order state that 90% of the total cost must be paid against the Inspection Certificate issued by the RDSO by the contract and as evidence of the material’s dispatch or delivery, with the remaining 10% due upon inspection and acceptance of the goods.
Looking at the Oriental Rail Infrastructure Ltd financials, the net revenue increased by 96 percent year over year, from Rs 58.29 crore in Q2FY23 to Rs 114.76 crore in Q2FY24. Their revenue rose by 23 percent sequentially from Rs 92.81 crore in Q1FY24 to the current levels.
In addition, the company’s net profit rose by 39 percent year over year, from Rs 5.49 crores in Q2FY23 to Rs 7.68 crores in Q2FY24. Their profit climbed from Rs 5.43 crore in Q1FY24 to the current levels on a quarterly basis, a 41 percent increase.
Oriental Rail Infrastructure Ltd is a micro-cap company with a market capitalization of Rs 900 crores. The promoter owns 58 percent of the company and the general public owns 42 percent.
The share price of the company rose 250 percent in the last six months and 119 percent in the year to date. For instance, if an investor invested Rs 1 Lakh six months ago the current value of the investment will be 3.5 lakh.
Oriental Rail Infrastructure Ltd is a company that deals in timber wood and all of its products as well as the production, purchasing, and selling of all varieties of Recron, Seat & Berth, and Compreg Boards.
Written by Sriram KV
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