RPP Infra wins order worth Rs 157.87 crore in Thanjavur district; stock surges nearly 4.7 per cent

Apurva Joshi
/ Categories: Trending, Mindshare
RPP Infra wins order worth Rs 157.87 crore in Thanjavur district; stock surges nearly 4.7 per cent

RPP Infra Projects Limited has bagged new order worth Rs 157.87 crore that includes rehabilitation of irrigation infrastructures in GA main canal from LS 30.430 km to 45.290 km and GA no.4 channel, GA no.5 channel, GA no. 5A rear channel and Neivasal Thenpathy branch channels with feeding tanks in Papanasam & Orathanadu taluks of Thanjavur district. 

Earlier this month, the company, along with its JV partner, had won an order for the construction of an integrated storm water drain in North Korattur Lake watershed of Kosasthalar Basin in the extended area of Greater Chennai Corporation under Integrated Urban Flood Management for Chennai Kosasthalalyar Project, funded by Asian Development. 

With these work orders, the company is on the verge of having an order of Rs 2,000 crore, giving revenue visibility for the next 3-4 years. 

On the financial front, RPP Infra’s consolidated revenue for the quarter Q3FY21 came in at Rs 135.41 crore, registering 14.2 per cent YoY decline. EBITDA for the quarter grew by 74.8 per cent YoY to Rs 11.94 crore, with a corresponding margin expansion of 449 bps. EBITDA margin for the quarter stood at 8.8 per cent. PAT for the quarter came in at Rs 4.8 crore, recording a YoY decline of 27.9 per cent. 

RPP Infra has completed over 150 projects till date across diverse verticals, including roads, highways & bridges, infrastructure projects, mass housing projects and townships, industrial structures, irrigation and water supply projects, hotels, hospitals, educational institutions and civil structures. 

On Tuesday, the stock of RPP Infra was trading up by 4.7 per cent at Rs 71.60 from its previous close of Rs 68.35 on BSE.  Later, it got closed at Rs 70.70.

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