This low-priced micro-cap stock bags order of Rs 5.40 crore from NHAI; Multibagger with more than 400 per cent returns

Net Profit continues positive trend, soaring by an impressive 98.96 per cent YoY to reach Rs 1.91 crore.

Artefact Projects Ltd has been awarded a project by the National Highway Authority of India (NHAI) to provide consultancy services as independent engineering for the four-laning of NH-716 in Andhra Pradesh. The project covers a stretch of 57.735 km from China Orampadu to Renigunta near Tirupati Airport Road. The company’s contracted fees for the project amount to Rs 5.40 crores.

Financial Performance

Artefact Projects Ltd demonstrated a robust performance in Q2FY24, marked by a substantial 58.23% per cent YoY surge in sales, reaching Rs 6.44 crore. Operating Profit exhibited a commendable 41.30 per cent YoY growth, escalating to Rs 1.3 crore. Net Profit mirrored this positive trend, soaring by an impressive 98.96 per cent YoY to reach Rs 1.91 crore. The quarterly comparisons further underscored the company's agility, with QoQ increases of 52.25 per cent, 96.97 per cent, and 50.39 per cent in Sales, Operating Profit, and Net Profit, respectively.

Stock Performance

Over the past three months, the company achieved a solid 26.35 per cent return, reflecting short-term stability and positive momentum. Year-to-date performance further underscores its success, with an impressive 32.84 per cent gain. The company's robust performance becomes even more evident over a three-year span, where it achieved a remarkable 86.56 per cent growth. Notably, over its entire lifetime, Artefact Projects Ltd has delivered multibagger returns of 476.64 percent.

About Company

Artefact Projects Ltd is engaged in project consultancy business in India. It is a micro-cap company listed on stock exchange.

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