Shares of this civil construction company zoom over 6 per cent; do you own it?

The company reported a robust return in net profit.

H.G. Infra Engineering, on a consolidated basis, has reported a 63.94 per cent rise in its net profit at Rs 170.42 crore for Q4FY23 as compared to Rs 103.95 crore for the same quarter in the previous year. The total income of the company increased by 44.50 per cent at Rs 1,542.20 crore for Q4FY23 as compared to Rs 1,067.26 crore for the corresponding quarter previous year. 

For FY23, on a consolidated basis, the company has reported a 29.77 per cent rise in its net profit at Rs 493.19 crore as compared to Rs 380.04 crore for the previous year. The total income of the company increased by 23.45 per cent at Rs 4,640.24 crore for the year under review as compared to Rs 3,758.75 crore last year. 

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H.G. Infra Engineering is an infrastructure construction, development and management company with extensive experience in its focus area of road projects, including highways, bridges and flyovers. The company’s main business operations include providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects on an item rate and lump sum basis, primarily in the roads and highway sector. 

Today, the share of H.G. Infra Engineering Ltd opened at Rs 956.05 and has touched a high and low of Rs 977.15 and Rs 928, respectively. 

At the time of writing, the shares of this company were trading at Rs 966.45, an increase of 6.13 per cent from the previous day’s closing price of Rs 910.65 on BSE. The stock has a 52-week high and low of Rs 977.15 and Rs 508.55, respectively on BSE.