The shares of the infrastructure company gained by 3 percent after the company’s net profit and revenue magnified drastically by 140 percent and 63 percent respectively in H1FY25.
With a market capitalization of Rs 6,156.59 crore, the shares of Bondada Engineering Ltd were trading at Rs 570.00 per share, increasing around 3 percent as compared to the previous closing price of Rs 554.90 apiece.
Reason for Rise:-
The shares of the company have seen positive movement after Bondada Engineering Ltd announced its financial performance in which revenue zoomed by 63 percent on year on year basis from Rs 296 crore in H1FY24 to Rs 481 crore in H1FY25, however, on a half-yearly basis revenue diped by 5 percent from Rs 505 crore in H2FY24 to Rs 481 crore H1FY25.
Moreover, net profit is magnified by 140 percent on a yearly basis from Rs 15 crore in H1FY24 to Rs 36 crore in H1FY25, meanwhile on a half-yearly basis net profit also jumped by 16 percent from Rs 31 crore in H2FY24 to Rs 36 crore in H1FY25.
Order Book:-
The company has an order book of more than Rs 1,747 crore as of March 2024, which is currently in progress and slated for execution within the next 12 to 24 months.
Recent project & incorporation:-
Recently, the company completed its first-ever IPP project with a capacity of 2.80 MW having PPA with BHEL for 25 years and also company incorporated a wholly owned subsidiary company “Bondada Green Engineering Pvt Ltd” which mainly deals with manufacturing of Solar MMS, Telecom towers, Telcom Poles, Transmission Towers, Crash Barriers and industrial cable trays.
Remarkable return:-
The stock has given a return of 65.44 percent in just six months and a multi-bagger return of 641.88 percent in a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 7.41 lakh.
Recent Developments:-
The company announced that it had inaugurated “Bondada Industrial Park-II” at Ankireddipally, Hyderabad, to cater to global standard manufacturing facilities for its subsidiaries. Additionally, the company had previously laid the foundation for “Bondada Industrial Park” at Rampally, Hyderabad, to provide global-standard manufacturing facilities for its subsidiaries.
The company also previously announced a 1:5 stock split. This means that each existing share with a face value of Rs. 10 will be subdivided into five shares, each with a face value of Rs. 2.
Company Profile:-
Bondada Engineering Ltd is engaged in the business of providing engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to its customers operating in telecom and solar energy industries.
Written by:- Abhishek Singh
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