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