The shares of the project management service provider gained up to 3 percent after the company bagged a new project from the Ministry of Road Transport and Highways worth Rs 3.71 crore.
With a market capitalization of Rs 59.66 crore, the shares of Artefact Projects Ltd were trading at Rs 82.00 per share, increasing around 2.12 percent as compared to the previous closing price of Rs 80.30 apiece.
Reason for rise:-
According to the business filing, Artefact Projects Ltd came into JV with Global Infra Solution and has been awarded a consultancy project as an Independent Engineer for the 4-lining of the Rewa Bypass (NH-30) in Madhya Pradesh. The contracted fee is approximately ₹3.71 crore, excluding GST, with the letter of award received.
Financial performance:-
The company’s revenue stretched 26%, rising from ₹6.44 crore in Q2FY24 to ₹6.85 crore in Q2FY25, while net profit dipped by 7%, growing from ₹1.91 crore to ₹1.78 crore during the same period, reflecting strong financial performance and continued business growth.
Ratio analysis:-
In terms of major financial measures, the firm recorded a return on equity (RoE) of 8.82 percent and a return on capital employed (RoCE) of 11.05 percent for the fiscal year 23-24. Furthermore, the net profit margin was 21.65 percent throughout the same time.
Recent project & shareholding pattern:-
Artefact Projects Ltd has completed a number of projects, including detailed design and DPR for over 681.50 kilometers of highways and other roads, project management services for highway projects such as the ADB-funded Chhattisgarh Rural Roads Development project, and consultancy assignments for urban transportation infrastructure projects in Mumbai and Agra.
According to the most recent shareholding pattern, the Promoters control 39.09 percent of the shares, while Foreign Institutional Investors own 0.69 percent. Retail investors hold the remaining 60.22 percent of the shares.
Company profile:-
Artefact Projects Limited provides engineering, architectural, and project management services for infrastructure projects, especially highways. Its projects include highways, urban infrastructure, and airports. It offers specialized project services for the road sector for more than 10000 kilometers (km).
Written by:- Abhishek Singh
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