Pratibha Industries has won Rs 1,000 crore water supply contract
Pratibha Industries, engaged in construction business, has won Rs 1,000 crore water supply contract in Telangana.
In the month of September, the company has bagged an order worth Rs 376.07 crore from Government of Telangana for providing drinking water to Sangareddy segment from Singur source in Medak district, including operation and maintenance.
The stock hit a high of Rs 43.50 and a low of Rs 38.20 so far during the day. The stock hit a 52-week high of Rs 60 on 13th November 2014. The stock hit a 52-week low of Rs 32.95 on 8th September 2015.
The stock today closed at Rs 42.25, up by Rs 3.30 or 8.44% from its previous closing of Rs 42.55 on the BSE.
In the quarter ended June 2015, the company had doubled its profit after tax to Rs 22.33 crore on standalone basis compared to Rs 11.25 crore in the year-ago period. Revenue during the same period increased to 576.6 crore from Rs 530.9 crore.
On consolidated basis, the company’s net profit fell 16.2% to Rs 9.24 crore on 26.1% growth in net sales to Rs 870.94 crore in Q1FY16 on YoY basis.