BL Kashyap & Sons gains on securing new orders worth Rs 369 crore

BL Kashyap & Sons announced that it has secured new orders from domestic unrelated clients, aggregating to Rs 369.17 crore. The announcement was made on Monday after the market hours. The total order inflow during FY2021-22 stands at Rs 504.17 crore.  

Reacting to this, the company’s stock today increased by 4.04 per cent and made an intraday high of Rs 29.60 per share. The stock of the company has increased by 452 per cent from its decline in June 2020.  

The company reported a net profit of Rs 3.82 crore in Q3FY21. In Q3FY20, it had reported a net loss of Rs 4.23 crore. BL Kashyap & Sons reported net sales of Rs 240.34 crore for Q3FY21, which is an increase of 25.4 per cent as against the net sales of Rs 191.66 crore for Q3FY20.  

BL Kashyap & Sons is engaged in the construction and infrastructure development company with a pan-India presence. Its service extends across the construction of factory's manufacturing facilities, IT campuses, commercial & residential complexes, malls as well as hotels.  

According to BSE data, the stock traded at a price-to-book ratio of 1.23. The stock has a 52-week high and a 52-week low of Rs 29.90 and Rs 5, respectively.  

At 1.53 pm today, the share of the company was trading at Rs 28.70 per share on BSE, up by 0.88 per cent.