Multibaagger power generation stock under Rs 110 to keep under radar as company reports a turnaround net profit in Q1FY25 & Board to raise funds up to Rs 3,000 crore!

The stock gave multibagger returns of 400 per cent in just 1 year whereas BSE Small-cap Index is up by 21 per cent.

On Wednesday, shares of GMR Power and Urban Infra Limited plunged 2.94 per cent to Rs 100.21 per share from its previous closing of Rs 103.25 with an intraday high of Rs 104.55 and an intraday low of Rs 99.01. The stock gave multibagger returns of 400 per cent in just 1 year whereas BSE Small-Cap Index is up by 21 per cent. The stock’s 52-week high is Rs 109.45 per share whereas its 52-week low is Rs 19.74 per share.

According to Quarterly Results, the net sales increased by per cent to Rs 1,612 crore in Q1FY25 compared to Rs 1,124 crore in Q1FY24. The company reported a net profit of Rs 1,362 crore in Q1FY25 compared to a net loss of Rs 218 crore in Q1FY24, an increase of 725 per cent.  In its annual results (FY24), the company reported net sales of Rs 4,489 crore and net loss of Rs 127 crore.

The Board authorizes raising up to Rs 3,000 crore in one or more instalments by issuing securities, including through Qualified Institutions Placement, Foreign Currency Convertible Bonds, or other securities. This decision is subject to shareholder approval and necessary regulatory or statutory clearances.

GMR Power & Urban Infra Ltd (GPUIL), a subsidiary of the GMR Group, is a leading Indian company with expertise in energy, urban infrastructure, and transportation. They operate across three main business segments: energy generation with a balanced fuel mix including coal, gas, hydro, solar, and wind; road and transportation projects encompassing highways, railways, metros, and airstrips; and Engineering, Procurement, and Construction (EPC) services for various infrastructure sectors. The company has a market cap of over Rs 7,000 crore.

Currently, energy is their biggest revenue driver, followed by roads & transportation, and then EPC. They have a strong track record with over 3,000 MW of installed power generation capacity and over 1,800 lane kilometres of operational roads & highways. Notably, they are nearing completion of a major EPC project for a section of the Eastern Dedicated Freight Corridor.

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

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