Heavy buying and Rs 153.80 crore order book: This multibagger railway infrastructure company reports impressive quarterly results; stock gains over 10 per cent!
Shares of the company gained more than 100 per cent in the last six months.
Shares of BCPL Railway Infrastructure Limited surged over 10 per cent today, driven by strong buying sentiment following the release of its impressive second-quarter results. The stock has witnessed a remarkable increase of approximately 100 per cent in the last six months.
Despite a 15.06 per cent decrease in net sales to Rs 23.27 crore compared to the same quarter last year, BCPL Railway Infrastructure Limited delivered a robust performance, with EBITDA surging by 58.44 per cent. The company's net profit also witnessed an upward trend, reaching Rs 2.04 crore, an increase from Rs 1.50 crore in the corresponding quarter of the previous year.
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The Railway Electrification Segment has seen improved performance due to a favourable macro environment and efficiency initiatives. The order book position stands at Rs 153.80 crore as of September 30, 2023. A cautious approach is being taken to exports in the Merchant Exports Business due to geopolitical tensions. No export orders were placed during the quarter under review.
The Rice Bran Oil Extraction Project is progressing satisfactorily, with an investment of Rs 27.59 crore made as of September 30, 2023. The commercial operations are anticipated to begin during the current financial year, contributing significantly to the company's growth.
BCPL Railway Infrastructure Limited (BCPL) is engaged in the execution of railway infrastructure development projects involving the design, drawing, supply, erection and commissioning of 25KV, 50Hz single-phase traction overhead equipment.
Today, the stock opened at Rs 87.80, with a high and low of Rs 93.90 and Rs 86.20. It is currently trading at Rs 91.39, up by 10.83 per cent. The stock has a 52-week high of Rs 93.90 and a 52-week low of Rs 35.60.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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