&w=3840&q=100)
HG Infra shares slump 9%, log worst day in over a month on weak Q4
The civil construction firm's stock fell as much as 9.07 per cent during the day to ₹1,187 per share, the biggest intraday fall since April 7 this year. The stock pared losses to trade 6.4 per cent lower at ₹1,173 apiece, compared to a 0.88 per cent decline in Nifty 50 as of 9:58 AM.
Shares of the company have fallen over 8 per cent from their recent highs of ₹1,275, which it hit earlier this month. The counter has fallen 22 per cent this year, compared to a 3.7 per cent advance in the benchmark Nifty 50. HG Infra has a total market capitalisation of ₹7,655.65 crore, according to BSE data. Track LIVE Market Updates Here
HG Infra Q4FY25 results
HG Infra's net profit slipped by 22.65 per cent to ₹146.98 crore in the quarter ended March 2025, compared to ₹190.03 crore in the corresponding quarter of the previous financial year. Revenue from operations fell by 20.33 per cent to ₹1,360.89 crore in the quarter ended March 2025, as against ₹1,708.26 crore in the same quarter last year.
For the full year, net profit declined by 6.15 per cent to ₹505.47 crore in the year ended March 2025, compared to ₹538.59 crore in the previous financial year. Revenue from operations declined by 5.99 per cent to ₹5,056.18 crore in the year ended March 2025, as against ₹5,378.48 crore in the preceding year.
The company's board also recommended a final dividend of ₹2.00 per equity share of face value ₹10 each for the financial year ended March 31, 2025.
About HG Infra Engineering
Established in 2003, HG Infra Engineering is an infrastructure development company. The company has expertise in providing EPC services on a turnkey basis and executing projects under the Hybrid Annuity Model (HAM), excelling in civil construction and related infrastructure projects. H.G. Infra has also diversified into railways, metro, solar power, and water projects.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
9 minutes ago
- Mint
Brigade Hotel Ventures IPO day 3 Live: GMP, review to subscription status. Apply or not?
Brigade Hotel Ventures IPO opened for subscription on July 24 and will end on July 28. The IPO received a healthy response from investors as the issue was subscribed over 1.18 times on the second day of bidding, led by strong demand from retail and non-institutional investors. On the second day, the retail portion was subscribed 4.61 times, while the non-institutional investor (NII) segment recorded a 97% subscription. Meanwhile, the qualified institutional buyers (QIB) category saw bids for 8% of its allotted quota. On the third day of bidding, Brigade Hotel Ventures IPO has been subscribed over 1.35 times, as of 10:42 am. The retail portion has been subscribed over 5.22 times, meanwhile NII and QIB have received 1.14 times and 0.08 times subscription. The IPO has received 6,92,58,852 applications, as compared to offered 5,11,93,987 shares. The GMP of Brigade Hotel Ventures IPO has fallen to ₹ 1.5 on Monday, July 28 from ₹ 2 on a day before, as per investorgain. This means that the shares of Brigade Hotel Ventures IPO is trading at a premium of ₹ 1.5 in the grey market. Brigade Hotel Ventures plans to raise ₹ 759.60 crore through its IPO, consisting entirely of a fresh issue of 8.44 crore equity shares. The IPO has a lot size of 166 shares, with a minimum investment requirement of ₹ 14,940 for retail investors. The price band for the offer is set between ₹ 85 and ₹ 90 per share. The allotment is expected to be finalized on Tuesday, July 29, 2025, and the shares are likely to be listed on both the NSE and BSE on Thursday, July 31. JM Financial Limited is serving as the book-running lead manager, while Kfin Technologies Limited is appointed as the registrar for the issue. The company intends to use the IPO proceeds to repay or prepay, either fully or partially, certain borrowings of both the company and its key subsidiary, SRP Prosperita Hotel Ventures Limited. Additionally, the funds will go towards purchasing an undivided share of land from the promoter, supporting inorganic growth through potential acquisitions and strategic initiatives, and for general corporate purposes. Brokerage firm Ventura said that combining brand-driven hospitality with real estate development expertise from its parent BEL, Brigade Hotel Ventures is positioning itself to capture demand in India's growing premium and business hotel segments, while strengthening its balance sheet and operational footprint through this IPO. We recommend 'Subscribe' to Brigade Hotel Ventures Ltd. Meanwhile, brokerage SBI Securities, while giving 'subscribe for long-term' said that the company has a strong financial growth track record of 15.6%/30.0%/73.2% CAGR in Revenue/EBITDA/PAT over FY23-25 respectively. However, the company has a negative Reserves & Surplus of ₹ 196 cr as of Mar'25 due to accumulated losses in the past. Out of the total IPO proceeds of ₹ 760 cr, BHVL will utilize ~ ₹ 468 cr towards debt repayment which will lead to reduction in D/E to below 1.0x from 7.1x currently and improvement in profitability as interest cost saving of ~ ₹ 45 cr will flow through the P&L. Going forward, trends in occupancy levels and ARR of the company will be key monitorable Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
9 minutes ago
- Business Standard
Orient Cement shares rally 6% after multi-fold Q1 profit jump; details here
Shares of Orient Cement surged over 6 per cent after the company reported a multi-fold jump in its net profit for the first quarter ended June 2025 (Q1FY26). The Adani Group cement maker's stock rose as much as 6.11 per cent during the day to ₹267.8 per share, the biggest intraday rise since June 25 this year. The stock pared gains to trade 2.6 per cent higher at ₹258.9 apiece, compared to a 0.01 per cent advance in Nifty 50 as of 10:40 AM. Shares of the company extended their winning streak after a one-day blip on Friday and have risen nearly 20 per cent from their June lows. The counter has fallen 25 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Orient Cement has a total market capitalisation of ₹5,316.27 crore. Orient Cement Q1 results The cement maker reported a multi-fold jump in net profit to ₹205.37 crore for the quarter ended June 2025, compared to ₹36.71 crore in the same period last year. The revenue from operations rose 24.4 per cent year-on-year (Y-o-Y) to ₹866.47 crore, up from ₹696.26 crore in the June 2024 quarter. Total expenses increased by 12.4 per cent to ₹724.28 crore during the quarter, while total income, including other income, grew 23.7 per cent to ₹868.64 crore. Open offer by Ambuja Cements Ambuja Cements announced the acquisition of Orient Cement for an equity value of ₹8,100 crore, a strategic step aimed at surpassing 100 MTPA in operational capacity. This acquisition includes a 46.6 per cent stake in Orient Cement, acquired from its current promoters and certain public shareholders, all funded through internal accruals. About Orient Cement Orient Cement, founded in 1979 as a Division of Orient Paper and Industries, was demerged and its equity shares were listed on stock exchanges in 2012, and since then, it has emerged as one of the most respected cement manufacturers in India. The company is primarily engaged in cement manufacturing and selling, and it has a presence in various states such as Maharashtra, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Gujarat, and some parts of Madhya Pradesh & Chhattisgarh.
Mint
9 minutes ago
- Mint
THIS small-cap power stock hits 10% upper circuit in a weak market; do you own?
Small-cap power stock ACME Solar Holdings hit its 10 per cent upper circuit in intraday trade on the BSE on Monday, July 28, in an otherwise weak market. ACME Solar Holdings share price opened at ₹ 286.65 against its previous close of ₹ 270.25 and surged 10 per cent to hit its upper circuit at ₹ 297.25. Around 10:45 AM, the small-cap stock traded 9.58 per cent higher at ₹ 296.15. Equity benchmark Sensex was 12 points down at 81,451 at that time. (This is a developing story. Please check back for fresh updates.)
