Share price of this multibagger stock jumped by 5% on BSE to Rs. 815.05 in the trading session of March 19th, compared to its previous close of Rs. 776.25, after the company announced securing a work order worth Rs. 433.91 crore.
With a market capitalisation of Rs. 1,760.6 crores, in the last one year, Bondada Engineering Limited has delivered multibagger returns of about 444.7 percent and nearly 344.1 percent in the last six months. So far in 2024, it has given positive returns of around 95.4 percent.
According to recent regulatory filings with the BSE, Bondada Engineering Limited has received a Letter of Intent a work order of Rs. 433.91 crore from The Singareni Collieries Company Limited.
The contract is for the design, engineering, supply, construction, erection, testing and commissioning of a 67.5 MW (AC) (with 220 KV Evacuation voltage) capacity ground-based Solar PV Power Plant and 10 years plant operation and maintenance period at Mandamarri Area of SCCL.
In terms of financials, the company’s revenue from operations grew by nearly 153% YoY from Rs. 117 crore in Q2 FY22-23 to Rs. 296 crore in Q2 FY23-24, accompanied by an increase in net profit of 275% from Rs. 4 crore in Q2 FY22-23 to Rs. 15 crore in Q2 FY23-24.
Headquartered in Hyderabad, Bondada Engineering Limited is an infrastructure company engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to pan India customers operating in the telecom and solar energy industry.
Written by Shivani Singh
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