Shares of a small-cap firm that specializes in developing residential properties, particularly luxury and premium apartments, jumped 6% following the company’s major announcement, as it is going to meet to consider a dividend, bonus, and many more.
With a market capitalization of Rs 1,070 crores, the shares of Meghna Infracon Infrastructure Ltd are currently trading at Rs 985 per share, down by 6 percent from its 52-week high of Rs 1,000 per share. In the last five years, the stock has delivered multibagger returns of 6,617.55 percent.
The board of directors of Meghna Infracon Infrastructure Ltd said in an exchange filing through BSE that it will conduct the meeting of the board of directors on 21 May 2025, and announce the following.
Also read: Infra stock in green after signing ₹1,063 Cr agreement with NHAI to build 6-lane greenfield road
In the meeting, the management said that it will consider the approval of the audited standalone and consolidated financial results of the company. It also mentioned the proposal for the issuance of fully paid bonus equity shares to the existing shareholders. Furthermore, it will also consider the declaration of dividend for FY24 – 25.
The company reported a consolidated revenue of Rs 9.97 crores in Q3 FY25, up by 203 percent from its Q2 FY25 revenue of Rs 3.29 crores and down 31.24 percent from its Q1 FY25 revenue of Rs 14.50 crores.
The company reported a net profit of Rs 3.41 crores in Q3 FY25, up by 1036 percent from its Q2 FY25 profit of Rs 0.30 crores and up by 113 percent from its Q1 FY25 profit of Rs 1.60 crores.
Meghna Infracon Infrastructure Ltd is primarily a real estate developer based in Mumbai, India. The company focuses on residential projects, especially in the premium and luxury segments within Mumbai. It specializes in developing residential properties, particularly luxury and premium apartments.
Written by Satyajeet Mukherjee
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