The shares of this railway infrastructure provider hit a 2 percent upper circuit of Rs 104.05 apiece after the company bagged a new work order from K-Ride under Rail Infrastructure Development Company (Karnataka) Limited worth Rs 349.47 million.
With a market capitalization of Rs 174.01 crore, the shares of BCPL Railway Infrastructure Ltd were trading at Rs 104.05 per share, increasing around 1.99 percent as compared to the previous closing price of Rs 102.02 apiece.
Description of Events:-
According to the company filing, BCPL Railway Infrastructure Ltd bagged a new work order from K-Ride under Rail Infrastructure Development Company (Karnataka) Limited worth Rs 349.47 million for “Design, Supply, Erection, Testing & Commissioning of 25kV, AC, 50Hz, Single phase, Traction Over Head Equipment for doubling of 1. Banaswadi (Incl) (211/090) – Baiyyappanahalli and many more.
Matter explanation:-
Moreover, an overall TKM of 35.5 approximately including any modification in existing OHE/PSI if required in the Bangalore division of South Western Railway it is expected to be executed over a period of 15 months.
Commenting on the same, Mr. Aparesh Nandi, Chairman said, “We, at BCPL, have offered our unparalleled services contributing towards connecting the different parts of the country and are confident to continue serving the Indian Railway sector in future. We are quite optimistic about similar projects to come on PAN India basis.”
Financial performance:-
Looking into the company’s financial performance, revenue plummeted by 24 percent from Rs 34.48 crore in Q4FY23 and Rs 25.87 crore in Q4FY24 but, during the same period of time, net profit fell drastically by 78 percent from Rs 2.90 core to Rs 0.62 crore.
Clients & remarkable return:-
The Company’s primary clients include several zones of the Indian Railways, such as Eastern Railway, South Eastern Railway, South East Central Railway, Northern Railway, East Coast Railway, North Frontier Railway, East Central Railway, Central Organisation For Railway Electrification (CORE), among others.
The stock has given a return of 15.02 percent in just a month and a multi-bagger return of 112.17 percent in a year. if an individual invested Rs 1 lakh a year ago now it will be worth Rs 2.12 lakh.
Company Profile:-
BCPL Railway Infrastructure Limited is an Indian firm. The Company completes railway electrification projects, turnkey OHE projects, and other projects for both railways and non-governmental organizations. Its business categories include railway overhead electrification, merchant exports, and edible oils.
Written by:- Abhishek Singh
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