Rs 2,276 crore order book: Shares of this multibagger micro-cap company soar on stellar Q4 & FY23 results!
The stock gave multibagger returns of 155 per cent in just 2 years and over 550 per cent in 3 years.
GPT Infraprojects announced its Quarterly Results and annual results for the year ended March 31, 2023. Here are the details:
Quarterly Results: The net sales increased by 25.62 per cent, and the net profit increased by 53.33 per cent with an EPS of Rs 1.80 in Q4FY23 compared to Q4FY22.
Annual Results: The net sales increased by 19.96 per cent, while the net profit increased by 47.43 per cent with an EPS of Rs 5.40 in FY23 compared to FY22.
Additionally, the company have a robust order book of Rs 2,276 crore as of April 01, 2023, forming approx. 2.81 times FY 23 Revenue provides growth visibility – one of the highest order book in the history of the company.
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On Tuesday, shares of GPT Infraprojects soared 2 per cent to an intraday high of Rs 55.86 per share. At the closing bell, shares of the company ended the day in red, down 1.46 per cent to Rs 53.91 per share.
GPT Infraprojects Ltd (GPT) is a construction company engaged in executing civil and infrastructure projects. It also manufactures concrete sleepers for railways.
The stock gave multibagger returns of 155 per cent in just 2 years and over 550 per cent in 3 years. Investors should keep an eye on this micro-cap stock.