The shares of the infrastructure company are in focus after the company’s board of directors has fixed a record date for the purpose of a stock split in the ratio of 1:5.
With a market capitalization of Rs 607.50 crore, the shares of Tara Chand Infralogistic Solutions Ltd were trading at Rs 385 per share, decreasing around 1.92 percent as compared to the previous closing price of Rs 392.90 apiece.
Reason For Focus:-
According to the company filing, Tara Chand Infralogistic Solutions Ltd has fixed Thursday, December 05, 2024, as the Record Date for the purpose of sub-division/Split of each fully paid-up equity share having a face value of Rs.10 each be subdivided into 5 fully paid-up equity shares having face value of Rs.2.
Financial Results:-
Looking into Tara Chand Infralogistic Solutions Ltd’s performance, revenue stretched by 33 percent from Rs 42.21 crore in Q2FY24 to Rs 56.16 crore in Q2FY25. During the same period, net profit magnified by 133 percent, from Rs 2.69 crore to Rs 7.22 crore.
Business segment:-
Equipment Rentals recently added an 800-ton crane from Zoomlion, the largest in its fleet, and introduced India’s tallest aerial platform (68 meters) for a steel plant project. These enhancements support its 300+ machine fleet, boosting capacity across cranes, piling rigs, and work platforms.
Warehousing and Transportation saw a slight 1% revenue increase in Q2 FY25 following Q1 challenges but anticipates stronger growth ahead. Steel Processing and Distribution surged with a 25% year-on-year rise to ₹8.8 crores, propelled by a significant order in Q1.
Operational Efficiency:-
The company improved operational efficiency, reducing receivable days from 100 to 85 year-on-year. It holds a robust order book of ₹104 crores as of October 1, 2024, marking a 31% year-on-year increase, with all orders slated for execution within this financial year.
Capital Expenditure:-
The company executed a record capital expenditure of ₹94.3 crores in FY25 and aims to reach ₹100 crores by December. This unprecedented investment supports ongoing growth initiatives, with plans to deploy the remaining amount within the financial year’s second half.
Market Dynamic:-
The company is optimistic about strong demand in the cement and steel sectors, despite JSW Steel’s reduced CAPEX. Anticipating higher Q3 and Q4 performance, it aims to expand into renewable energy, targeting solar and wind, and expects to maintain a 30% growth in FY25.
Company Profile:-
Tara Chand Infralogistic Solutions Limited is engaged in providing comprehensive infrastructural solutions to organizations. The Company operates through three verticals: Warehousing & Multi-modal Transportation, Construction Equipment Rental, and Turnkey Infra-Project Execution.
Written by:- Abhishek Singh
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