GR Infraprojects zooms on reporting 41% rise in Q4 consolidated net profit
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GR Infraprojects is currently trading at Rs. 1132.90, up by 53.00 points or 4.91% from its previous closing of Rs. 1079.90 on the BSE.
The scrip opened at Rs. 1125.05 and has touched a high and low of Rs. 1185.00 and Rs. 1125.05 respectively. So far 6458 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1465.00 on 24-May-2022 and a 52 week low of Rs. 930.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1185.00 and Rs. 1037.70 respectively. The current market cap of the company is Rs. 10978.07 crore.
The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.67% and 3.60% respectively.
GR Infraprojects has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 27.52% fall in net profit at Rs 192.21 crore for the quarter under review as compared to Rs 265.19 crore for the same quarter in the previous year. Total income of the company decreased by 10.92% at Rs 2,049.84 crore for Q4FY23 as compared to Rs 2,301.20 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 40.91% rise in its net profit at Rs 389.68 crore for fourth quarter ended March 31, 2023 as compared to Rs 276.56 crore for the same quarter in the previous year. Total income of the company increased by 3.21% at Rs 2,491.96 crore for Q4FY23 as compared to Rs 2,414.36 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 11.95% rise in its net profit at Rs 851.77 crore as compared to Rs 760.82 crore for the previous year. Total income of the company increased by 3.44% at Rs 8,328.49 crore for year under review as compared to Rs 8,051.58 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 74.83% rise in its net profit at Rs 1,454.43 crore as compared to Rs 831.91 crore for the previous year. Total income of the company increased by 12.24% at Rs 9,568.81 crore for year under review as compared to Rs 8,524.97 crore for year ended March 31, 2022.
