Rs 3,467 crore order book and 100 per cent jump in net profit: This civil construction company bags new orders worth Rs 634.41 crore!

Recently, the company also received an order worth Rs 73.07 crore.

Vishnu Prakash R Punglia Limited informed in the exchange filing that the company has received the letter of award from the office of Madhya Pradesh Jal Nigam, Govt. of Madhya Pradesh. The order is for engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance for 10 years of Chillar Dam Multi-Village Drinking Water Supply Scheme, District Shajapur. The order is worth Rs 634.41 crores

Recently, the company also bagged an order worth Rs 73.07 crore. The company and its JV have received an order for providing, laying, jointing, testing and commissioning of the sewerage system and all ancillary works along with design, construction, supply, installation, testing and commissioning.

Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India.

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The company posted strong financial results in FY23. The company's revenue for FY23 stood at Rs 1168.40 crore which grew by 48.73 per cent YoY. The operating profit of the company stood at Rs 159.68 crore, while the PAT of the company stood at Rs 90.64 crore, representing a growth of 102.12 per cent YoY. Additionally, the company has an order book of Rs 3,467 crore as of March 31, 2023. The company’s entire order book is from reputed government entities including central & state government undertakings, urban local bodies along with reported public sector undertakings.

Investors should keep a close eye on this stock.

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