MBL Infrastructure touches roof on reporting around 22-fold jump in Q4 net profit

02 Jul 2018

MBL Infrastructures is currently trading at its upper circuit limit of Rs. 15.59, up by 0.74 points or 4.98% from its previous closing of Rs. 14.85 on the BSE.

The scrip opened at Rs. 15.55 and has touched a high and low of Rs. 15.59 and Rs. 15.55 respectively. So far 6036 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.00 on 05-Jan-2018 and a 52 week low of Rs. 13.85 on 27-Jun-2018.

Last one week high and low of the scrip stood at Rs. 15.59 and Rs. 13.85 respectively. The current market cap of the company is Rs. 64.63 crore.

The promoters holding in the company stood at 21.74%, while Institutions and Non-Institutions held 0.16% and 78.10% respectively.

MBL Infrastructure has reported a rise of around 22-fold in its net profit at Rs 301.85 crore for the quarter ended March 31, 2018 as compared to Rs 13.81 crore for the same quarter in the previous year. However, total income of the company decreased by 58.81% at Rs 265.57 crore for quarter under review as compared to Rs 644.81 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a net profit of Rs 239.02 crore as compared to net loss of Rs 65.14 crore for the previous year. However, total income of company decreased 76.37% at Rs 545.35 crore for year under review as compared to Rs 2,307.68 crore for year ended March 31, 2017.

MBL Infrastructures is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323