The shares of a leading Infrastructure company, specializing in providing integrated engineering solutions for infrastructure projects, jumped upto 2 percent upon receiving an order worth Rs. 272.89 crores from Jaypee Infratech Limited.
Price action
With a market capitalization of Rs. 3,649.21 crores on Monday, the shares of EMS Limited jumped upto 2.4 percent making a high of Rs. 665.55 per share compared to its previous closing price of Rs. 649.50 per share.
What Happened
EMS Limited, engaged in providing integrated engineering solutions for infrastructure projects, has received a new domestic work order worth Rs. 272.89 crores from Jaypee Infratech Limited.
It involves civil (Structure & Finishing) and MEP works for the multi-storeyed group housing project named “ORCHARDS,” in Noida, which is to be executed within 24 months.
About the Company
EMS Limited is a leading player in the Indian infrastructure sector which specializes in the design, construction, and maintenance of critical infrastructure, such as sewage treatment plants, water treatment facilities, stormwater drains, and other related infrastructure. Through its strategic partnerships and joint ventures, the company has completed numerous projects across India, contributing to the nation’s infrastructural growth.
Capex FY24
Looking at the past trends, Capex spends were distributed across multiple parts of the ecosystem, with 36 percent focused on sewerage and water piping, 30 percent on drinking water, 18 percent on industrial wastewater, and 15.50 percent on municipal wastewater.
Geographical Split
As per the latest data available State-wise Revenue contribution states are as follows: Uttar Pradesh (47 percent), Rajasthan (12 percent), Bihar (19 percent), Uttarakhand (6 percent), and Maharashtra (16 percent).
Financials
The company’s revenue rose by 20.4 percent from Rs 205.81 crore to Rs 247.92 crore in Q3FY24-25. Meanwhile, Net profit grew from Rs. 37.33 crore to Rs. 50.5 crore during the same period.
Written by Sridhar J
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