Under Rs 100: Micro-Cap Civil Construction Company Secures Rs 91.50 Crore Order; Stock Rallies Over 5 Per cent Today
The company’s shares have delivered an impressive return of over 130 per cent in the past 2 years.
This micro-cap company operates in the EPC and real estate development sectors, undertaking diverse projects such as bridge, flyover, highway, airport, and building construction, as well as tunnel and mining projects.
The company, through its joint venture Brahmaputra – PKV JV, has received a Letter of Acceptance (LOA) from Telecommunications Consultants India Limited (a Government of India Enterprise) for executing contracts for the construction of two Eklavya Model Residential Schools (EMRS) — one in Aalo Village, West Siang District, and another in Ziro II Village, Lower Subansiri District, Arunachal Pradesh. The total contract value for both projects amounts to Rs 91.50 crore.
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Financial Performance
As per Quarterly Results, Brahmaputra Infrastructure Ltd in Sep 2024 reported a revenue of Rs 79.38 crore compared to Rs 53.61 crore. The company posted an operating profit of Rs 12.85 crore with a margin of around 16.19 per cent. The company’s net profit stood at Rs 6.78 crore for the period compared to Rs 3.55 crore.
Looking at the annual performance, the company generated a revenue of Rs 221 crore in FY24 compared to Rs 179 crore in FY23 representing a growth of 23.82 per cent YoY. The operating profit for FY24 was Rs 43 crore compared to Rs 36 crore in FY23. The company reported a net profit of Rs 17 crore compared to Rs 11 crore.
Share Performance
At the start of today’s trading session, Brahmaputra Infrastructure Ltd opened at Rs 65.99 per share, compared to Rs 64.51 per share on the BSE. Today the company's shares rallied over 5 per cent and finally closed at around Rs 68.09 per share on the BSE. The current market capitalization stands at Rs 197.59 crore, and the stock has generated an impressive return of around 130 per cent in the past 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.