Rs 2,288 crore order book: This multibagger civil construction company reports a 94 per cent jump in net profit!
The stock is up by 80 per cent in just 1 year and gave multibagger returns of over 500 per cent in 3 years.
GPT Infraprojects Ltd announced its stellar Quarterly Results and robust order ended June 30, 2023. Here are the details:
Quarterly Results: The net sales increased by 25.54 per cent to Rs 235.90 crore, the operating profit increased by 31.55 per cent to Rs 29.52 crore and the net profit increased by 94.21 per cent to Rs 12.47 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 9.10.
Order Book Updates: As of June 30, 2023, the company has a healthy order book worth Rs 2,288 crore. The company expect strong revenue growth – one of the highest order book in the history of the company. The order book is 5 times its market cap of Rs 460 crore.
Annual Results: The net sales increased by 19.96 per cent to Rs 809.15 crore and the net profit increased by 47.43 per cent to Rs 28.53 crore in FY23 compared to FY22.
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On Thursday, shares of GPT Infraprojects plunged 0.98 per cent to Rs 78.02 per share from its previous closing of Rs 78.79. The stock traded at an intraday high of Rs 79.14 and an intraday low of Rs 78.02.
GPT Infraprojects Ltd (GPT) is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways.
The stock is up by 80 per cent in just 1 year and gave multibagger returns of over 500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.