Construction engineering major Salasar Techno Engineering has launched its fourth-quarter earnings. According to an change submitting by the New Delhi-based firm, its consolidated net profit in the January-March interval more than doubled on a year-on-year foundation led by its engineering, procurement and development (EPC) projects.
The firm clocked a net profit of Rs 14.7 crore in the quarter beneath evaluate vs Rs 7.2 crore in the corresponding quarter of the earlier monetary 12 months. The identical was at Rs 10.6 crore for the interval ended December 31, 2022.
Income from operations in the final quarter interval of FY23 jumped to Rs 294.6 crore from 212 crore in the comparable interval.Â
The whole bills had been reported at Rs 276 crore, up from Rs 204 crore in March 2022 quarter. The firm has a complete asset of Rs 914.5 crore as on March 31, 2023, in response to the submitting. EPS additionally nearly doubled from Rs 0.25 in January-March FY22 to Rs 0.48 in the final three-month interval of FY23.
For the total FY23, the engineering major’s net profit stood at Rs 40.25 crore, exhibiting a rise of round 28 per cent from FY22 when the identical was reported at Rs 31.4 crore.
The board has additionally declared a remaining dividend on the charge of Rs 0.10 per share with a face worth of Rs 1 every.
Salasar Techno Engineering had in the third quarter bagged an order value Rs 143 from Nepal Electricity Authority (NEA). This was the first-ever engineering, procurement and development order for the corporate from a international nation.
Shares of Salasar Techno have delivered an astounding return of 94 per cent in the previous one 12 months. In three-year, the counter has zoomed a whopping 750 per cent. The inventory closed more than 5 per cent up at Rs 45.23 on BSE throughout Friday’s commerce. The firm has a market valuation of Rs 1,427 crore.
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