Micro-cap Construction Company Secures Major Rs 74.6 Crore Order From PWD Satara To Construct Sports Complex For Karad Municipal Council

On YTD basis the stock price has declined 17 per cent while in last 12 months it is up by 16 per cent.

Univastu India Limited has announced the receipt of a significant work order from the Public Works Department (West) Satara. The project is valued at Rs74,60,20,000, excluding Goods and Services Tax (GST). This substantial project entails the construction of the Chhatrapati Shivaji Maharaj Sports Complex for the Karad Municipal Council, located in Karad District, Satara.

The company has duly informed the National Stock Exchange of India Limited about this development, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the order include ¹ the awarding entity being the Public Works Department (West) Satara, and the nature of the contract being the construction of a sports complex. The order is from a domestic entity. Univastu India Limited has confirmed that this order does not involve any related party transactions and that the promoter/promoter group/group companies have no interest in the entity that awarded the order.

For the quarter ended December 31, 2024, Univastu India Limited reported a total income of Rs 41.99 Crore and a net profit of Rs 5.03 Crore. In the preceding quarter ending September 30, 2024, the company's total income was Rs 42.39 Crore with a net profit of Rs 4.05Crore. Comparing the latest quarter with the same period in the previous year (December 2023), the total income stood at Rs 29.93 Crore and the net profit was Rs 2.49 Crore, indicating a significant year-on-year growth in both revenue and profit. The Earnings Per Share (EPS) for the quarter ended December 31, 2024, was Rs 2.67.

Univastu India Limited is a construction company based in Pune, Maharashtra, providing integrated engineering, procurement, and construction (EPC) services. The company is ISO 9001:2015 certified and is involved in civil and structural construction and infrastructure sector projects. Their activities encompass a wide range of projects including sports complexes (both indoor and outdoor stadiums), multi-purpose halls, commercial and industrial structures, hospitals, cold storage facilities, educational institutions, and mass housing projects. Additionally, Univastu undertakes water supply, drainage, road, and bridge projects. The company also engages in the trading of construction materials such as steel, cement, and electrical materials, serving both public and commercial sectors across India.

Disclaimer: The article is for informational purposes only and not investment advice.