This infra stock rose more than 2% in Wednesday’s trading session after the company’s subsidiary received an order worth Rs. 737 crore from the Ministry of Road Transport and Highways.
Share price of G R Infra opened at Rs. 1250.05 per share and gained more than 2% in the market today to reach its intra- day high of Rs. 1287 levels. The stock has gained 0.23% in the last one month and 27.23% in the last six months.
On 20 Sep 2023, the company’s wholly owned subsidiary GR Yamuna Bridge Highway Private Limited received an order worth Rs. 737.17 crore for the construction of four lane highway from 74.700 Km to 112.950 Km of NH‐731A in the State of Uttar Pradesh on Hybrid Annuity Mode from the Ministry of Road Transport and Highways. The project is expected to be completed within 730 days from the appointed date.
Comparing its financials on a QoQ basis, the company recorded revenue of Rs. 2478.23 crore in Q1FY24, up 0.6% from Rs. 2461.12 crore in Q4FY23. Its net profit of Rs. 389.68 crore in Q4FY23 saw a reduction of 20.4% to Rs. 309.84 crore in Q1FY24. It has a low debt to equity ratio of 0.91 and a good average ROE for the last three years of 24.15
G R Infraprojects limited is an Indian company which was established back in 1995. The company engages in civil engineering and construction and takes up huge projects such as building highways, railways, ports and few others.
Written by Bhumika Khandelwal
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