Rs 19,530 crore order book: Shares of this civil construction company surged over 9 per cent on outstanding results!

During the year, the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders.

G R Infraprojects Ltd is a leading Engineering, Procurement & Construction company (EPC) that announced its quarterly and annual results. Details below:

Quarterly Results: The net sales increased by 2.71per cent and the net profit increased by 40.91per cent with an EPS of Rs 40.30 in Q4FY23 compared to Q4FY22.

Annual Results: The net sales increased by 12.10per cent and net profit increased by 74.83per cent with an EPS of Rs 150.42 in FY23 compared to FY22.

 Order Book: The order book as of March 31, 2023, stands at Rs 19,530 Crore. During the year (2022-2023), the company bagged 7,900 Crore orders and 7,250 Crore lowest bidder (L1) orders.

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Today, shares of G R Infraprojects Ltd surged 9.74per cent to an intraday high of Rs 1,185 per share with a spurt in volume by more than 3 times on BSE. At the closing bell, shares of the company ended the trading session higher, up 2.17per cent to Rs 1,103.35. The stock had a 52-week high of Rs 1,465 and a 52-week low of Rs 930.

The stock has a PE of 11x and an ROE of 27per cent. The stock is up by 27.42per cent in just 1 month, whereas the BSE Industrials Index is up by 5 per cent. Investors should keep an eye on this Mid-Cap stock.