Small-cap inventory Afcons Infrastructure could appeal to vital investor curiosity on Monday, June 9, after successful an order from Reliance Industries for development work associated to the Vinyl Tasks at Dahej, Gujarat.
In an trade submitting on Saturday, June 7, “We’re happy to tell that Afcons Infrastructure Restricted has been awarded a letter of award (LoA) from Reliance Industries Restricted for the execution of development works associated to the Vinyl Tasks at Dahej, Gujarat.”
The scope of labor consists of civil, mechanical and related works with set up, testing and commissioning works. The estimated worth of the contract, excluding GST, is ₹700 crore, stated the corporate.
Afcons Infrastructure is the flagship infrastructure engineering and development firm of the Shapoorji Pallonji Group.
In the meantime, the corporate’s March quarter (Q4FY25) outcomes got here on a weaker aspect. Its Q4FY25 income from operations stood at ₹3,223.27 crore from ₹3,636.43 crore in Q4FY24.
Revenue after tax (PAT) for the quarter underneath assessment got here at ₹110.92 crore from ₹144.90 crore year-on-year.
Diluted earnings per share for Q4FY25 stood at ₹3.02 from ₹4.25 in Q4FY24.
Afcons Infrastructure share worth pattern
The small-cap inventory has been underneath strain during the last yr, falling 8 per cent. The strain has intensified this yr as year-to-date, the inventory has plunged 19 per cent.
It hit a 52-week low of ₹382.40 on April 7 this yr after hitting a 52-week excessive of ₹570 on January 3.
On a month-to-month scale, the inventory has climbed practically 3 per cent in June to this point after a 1 per cent acquire in Might.
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