Under Rs 150: LIC-Backed Power Stock Hits Upper Circuit Today, Reports Profit in Q2 FY25 Against Loss, Revenue Surges by 121 Per cent; Stock Gains Over 280 Per cent in Just One Year!
The company’s shares have delivered a multibagger return of over 70 per cent in the past 6 months.
GMR Power and Urban Infra Ltd a subsidiary of GEPL has announced stellar quarterly performance. The company holds expertise in the sectors of energy, urban infrastructure, and transportation. It is part of the GMR Group, an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by G.M. Rao and comprises several companies, including GMR Infrastructure, GMR Airports, and GMR Enterprises
At the start of the day's trading session, shares of GMR Power and Urban Infra Ltd opened at Rs 114.91 per share, compared to the previous day's closing figure of Rs 114.91 per share on the BSE. Currently, the shares are at Rs 120.65 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 8624.50 crore, and the stock has generated an impressive multibagger return of over 280 per cent in the past 1 year.
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As per the Quarterly Results, in Q2 FY25, GMR Power and Urban Infra Ltd recorded a revenue of Rs 1384 crore representing a growth of 121 per cent YoY from Rs 627 crore. The operating profit for Q2 FY25 stood at Rs 411 crore. The net profit for Q2 FY25 was Rs 250 crore compared to a loss of Rs 123 crore. Looking at the annual performance, the company generated a revenue of Rs 4489 crore in FY24, compared to Rs 5525 crore in FY23. The operating profit for FY24 was Rs 906 crore with a net loss of Rs 127 crore.
According to the shareholding pattern of GMR Power and Urban Infra Ltd, promoters own a 50.55 per cent stake, while public investors hold 43.70 per cent. FIIs hold a 3.41 per cent stake and DIIs own a 2.35 per cent in Q1 FY25.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.