On Monday, there can be more focus on the share of GR Infraprojects as the company had an 8 percent-year-on-year (YoY) growth in the net profit, the net profit touching Rs 262 crore in the third quarter ending December 31, 2024. In the same quarter for the previous fiscal, the overall net profit of the company was reported to be Rs 242.7 crore.
But there was a decline in its operation income in this quarter to Rs 1,695 crore, which was Rs 2,134 crore in Q3 of the year ago. On the operating level, EBITDA came down by 27.1% and had a figure of Rs 369.8 crore, as against Rs 507.6 crore being the corresponding figure for the last year of the previous fiscal.
EBITDA margin remained at the level of 21.8%, which was 2 percentage points lower compared to the same period in 2008. EBITDA could be described as Earnings before interest, Taxation, Depreciation, and Amortisation.
As for other highlights, the company got the Provisional Certificate of Completion (PCOD) for the project Ena-Kim HAM’s & Hybrid Annuity Model (HAM) construction project on 30th November 2024. The existing ongoing projects are seven in number, and the company relinquished GR Aligarh-Kanpur Highway Private Ltd. on September 17, 2024, to Indus Infra Trust.
GR Infraprojects Shares Target Price
According to Trendlyne, the average target price for equities is Rs 1631, indicating that the current price offers an upside of 28 percent. These 11 analysts have given the recommendation from the company to buy the stocks under ‘Hold’.
GR Infraprojects’ Stock Performance
The stock closed at Rs 1,276.7 on the BSE, falling by 0.4% on Saturday, while the Sensex rose by 0.01% on the same day. There has been a decrease in the value of the stock by 20% in the last three months and 27% in the last six months. The market capitalization of the company is Rs 12,350 crore.