This infrastructure stock gave a return of 167% in 3 years, a huge jump in the stock today, know how the result has been – multibagger stock gmr airports infrastructure rallies more than 10 percent
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In Q1FY24 the company achieved a remarkable 40.23% growth in its revenue to reach Rs 2,018 crore as compared to the same quarter last year. Operating profit also expanded significantly, reaching Rs 753 crore, a strong growth of 77.59% as compared to Q1FY23. In addition, the company recovered from a loss of Rs 87 crore and registered a profit of Rs 114 crore.
These results indicate that the company has witnessed significant growth in both its revenue and profitability during Q1 FY24. The company has strong prospects in the near future.
The revenue mix is mainly dominated by the power products category, which holds a significant share of 51.03%. The remaining 28.7% and 11.97% are EPC products and Road & Bridge products respectively. This underlines the significant impact of the power segment on the overall revenue structure. The majority of revenue, 68.36%, was generated within India, indicating a strong performance in the company’s domestic market. The remaining 31.64% revenue was generated from international markets outside India, showing its strong presence and success globally.
Considerable buying is being seen in this stock. It has increased by more than 167 percent in the last 3 years.
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