Capacit'e Infraprojects reports PAT growth of 72.8 per cent for Q2FY20

Capacit'e Infraprojects announced its financial results for the quarter and the half-year ended September 2019. The company gained a net profit of Rs. 39.8 crores in Q2FY20, which is an increase of 72.8 per cent from the net profit of Rs. 23 crores, gained in Q2FY19.
 
The company’s total income decreased by 9.1 per cent YoY to Rs. 413.5 crores on a standalone basis in Q2FY20. Its total income for Q1FY20 was Rs. 417.9 crores, which depicts degrowth of a mere 1.1 per cent QoQ. The heavy rainfalls in Mumbai severely affected the company’s operations, resulting in a loss of 29 days of execution during the quarter. Thus, PBT declined by 14.1 per cent in Q2FY20 to Rs. 30.9 crores from Rs. 35.9 crores in Q2FY19.
 
For H1FY20, Capacit'e Infraprojects posted a 3.7 per cent degrowth in its total income. It gained Rs. 831.4 crores in H1FY20 against Rs. 863.3 crores, achieved in H1FY19. PBT also declined by 4.9 per cent to Rs. 67.5 crores for H1FY20 from Rs. 71.1 crores for H1FY19. The net profit for H1FY20 grew by 39 per cent to Rs. 63.6 crores from Rs. 45.7 crores in H1FY19.
 
The company’s total order book, including orders from both, the public and the private sectors, stood at Rs. 11,137 crores as of September 30, 2019. Of these, the residential segment accounts for 83 per cent and the commercial and institutional segment holds around 17 per cent share.
 
During the Q2FY20, the company received an order from the City and Industrial Development Corporation of Maharashtra (CIDCO), with a contract value of Rs. 4,502 crores for the construction of around 21,346 dwelling units with a development of the commercial area and onsite infrastructure works at Navi Mumbai.
 
Capacit'e Infraprojects Limited is a contractor in the buildings and construction space.
 
On Friday, the stock of the company closed at Rs. 198.65, down by 2.65 per cent or Rs. 5.40 per share. The 52-week high is Rs. 295 and the 52-week low is Rs. 156.