During Friday’s trading session, the shares of a company engaged in the business of Integrated Real Estate & Infrastructure Consultants surged nearly 10 percent to Rs. 317.55 on NSE, after receiving an order worth nearly Rs. 72.85 crores from Jharkhand Bijli Vitran Nigam Limited.
With a market cap of Rs. 516.3 crores, at 02:07 p.m., the shares of Rudrabhishek Enterprises Limited were trading in the green at Rs. 297.69, up by around 3 percent, as against its previous closing price of Rs. 289.26.
What’s the News?
Rudrabhishek Enterprises Limited, in its latest regulatory filings with the NSE, announced receiving an order worth Rs. 72.85 crores from Jharkhand Bijli Vitran Nigam Limited (JBVNL). The project involves GIS-based asset mapping and consumer indexing for JBVNL.
The scope of the order includes the agency on a turnkey basis to carry out consumer indexing, GIS-based asset mapping, and the creation/updation of GIS Database, applications.
This also involves upgrading and migrating of existing GIS data, licenses, applications on a cloud platform or through new GIS licenses, and applications with similar functionalities to the migration of existing data.
The project has a total duration of 5 years, comprising 2 years for implementation and 3 years for Facility Management Services (FMS). The FMS period may be extended by an additional 2 years.
Previous Orders:
On 20th September, the company’s subsidiary, Rudrabhishek Geo Engineering Private Limited (RGEPL), secured an order worth Rs. 10 crores from Adani Green Energy Six Limited for the civil work, structural erection and fencing work for a renewable power project.
The order involved the execution of civil works of pilling, IDT structure and erection of MMS and module and application of Coal Tar Epoxy coating for Khavda Hybrid Renewable power project at RE park in Khavada, Gujarat.
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Financials:
Rudrabhishek Enterprises reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 1.7 percent, rising from Rs. 17.9 crores in Q2 FY24 to Rs. 18.2 crores in Q2 FY25.
Similarly, the company’s net profit increased from Rs. 3.7 crores to Rs.3.87 crores over the same period, representing a slight growth of around 4.6 percent YoY.
EBITDA for Q2 FY25 increased by about 10 percent YoY to Rs. 5.92 crores, up from Rs. 5.4 crores in Q2 FY24, with the EBITDA margin rising from 29.6 percent to 32 percent.
Stock Performance:
The stock has delivered positive returns of nearly 50.4 percent of returns in one year, as well as around 62 percent returns in the last six months. So far in 2024, the shares of Rudrabhishek Enterprises have given positive returns of about 48.4 percent.
About the Company:
Rudrabhishek Enterprises Limited is primarily engaged in the business of integrated Real Estate and Infrastructure Consultants and also in the execution of Engineering, Procurement & Construction (EPC) contracts.
Written by Shivani Singh
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