Business
Crypto
Markets
INDIA
Stocks
Small-Cap Infrastructure Company Secures Major Order from Gujarat Energy Transmission Corporation
Advait Infratech Ltd has secured an order worth Rs 16.27 crores from Gujarat Energy Transmission Corporation Limited for the uprating of existing 66kv lines on towers using high ampacity conductor/HTLS conductor over a span of 27.516 RKM.
Advait Infratech Ltd specializes in power transmission, power substation, and telecommunication infrastructure. The company operates across various verticals, including turnkey telecommunication projects and the installation of power transmission, substation, and telecom products.
Also Read: Major Order for Oil Drilling Company
An oil drilling company recently bagged an order worth Rs 37.71 crore from Sun Petrochemicals. The company’s order book now stands at Rs 832 crore, with FIIs and DIIs increasing their stake.
Share Performance
Advait Infratech Ltd’s stock closed at Rs 1841 today, with a market capitalization of Rs 1877.82 crore. The stock has delivered a multibagger return of approximately 536% in just one year.
Financial Performance
In Q4 FY24, the company reported a revenue of Rs 59.73 crore and an operating profit of Rs 11.45 crore, with an operating profit margin of 19.17%. The net profit for the quarter stood at Rs 7.23 crore. For FY24, Advait Infratech reported a revenue of Rs 209 crore, up from Rs 103 crore the previous year, and a net profit of Rs 22 crore, compared to Rs 8 crore in the previous year.
Investor Insight
Investors should keep an eye on this small-cap stock, given its impressive performance and strong financial growth.
