Shares of this small-cap construction company jumped upon reporting its Q3 results!

Trending Company

by 5paisa Research Team Last Updated: Feb 09, 2023 - 06:07 pm 843 Views

The company has recently declared its quarterly result and as a result of that shares jumped substantially.

 On Thursday, the shares of H.G. Infra Engineering Limited opened at Rs 684.95 and made their day high at Rs 696.70 a piece and today the price closed at Rs 666.00.

Robust Q3 performance of H.G. Infra Engineering Limited

According to the firm, its net profit increased by 25.36% in the third quarter of FY23, from Rs 88.89 crore to Rs 111.43 crore. In comparison to the same quarter last year, the company's total revenue climbed by 22.74% to Rs 1,134.76 crore during the period under review.

On a consolidated basis, the firm announced that its net profit for the third quarter of FY23 was Rs 130.89 crore, up 30.16% from Rs 100.56 crore for the same period in FY22. In the quarter under review, the company's total revenue climbed by 23.82% to Rs 1,188.98 crore from Rs 960.25 crore for the same period the year prior.

Company profile 

The company was established on January 21, 2003, in Jodhpur, as "H.G. Infra Engineering Private Limited," a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur (the RoC). After then, the business changed its name to "H.G. Infra Engineering Limited" and became a public limited company. On June 8, 2017, the Registrar of Companies, Rajasthan, Jaipur, issued a new certificate of incorporation in response to the conversion to a public limited company.

Share price movement of H.G. Infra Engineering Limited

The 52-week high of the stock is Rs 720, whereas the 52-week low was Rs 508.55. Promoters hold 74.53%, whereas institutional and non-institutional holdings are 14.61% and 10.87%, respectively. Presently, the market cap of the company is Rs 4,340 crore.


How do you rate this article?

Fill in your details below:

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number