Rs 2,877 crore order book and 750 per cent returns: This multibagger construction company reports 200 per cent increase in net profit!

Shares of the company gained more than 150 per cent in the last six months.

GPT Infraprojects Limited reported a strong second quarter for FY24, with net sales growth of 53 per cent to Rs 233.63 crore, compared to Rs 152.70 crore in the same quarter last year. The operating profit experienced a significant increase of 57.48 per cent. The net profit for the quarter stood at Rs 14.00 crore, which was Rs 4.57 crore in the previous year's same quarter, representing a 206.3 per cent increase. The company has a ROCE of 14.2 per cent and an ROE of 11.1 per cent with a market capitalisation of Rs 749 crore. The company’s infrastructure segment revenue stood at Rs 210 crore, accounting for 89 per cent of total revenue and sleeper segment revenue stood at Rs 24 crore.

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GPT, incorporated in 1980, operates through two business divisions - Infrastructure and Sleepers. The company made inroads into the infrastructure segment in 2004 and is now an established railway-focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleepers for Railways in India and Africa.

Overall, GPT Infraprojects Limited reported strong financial results for Q2 FY24, with growth across all key metrics. The company has a healthy order backlog and is well-positioned to continue its growth trajectory. The stock has also delivered multibagger returns of more than 750 per cent in the last three years.

The stock has shown impressive growth, and investors should keep a close eye on this stock.  

Disclaimer: The article is for informational purposes only and not investment advice.