GPT Infraprojects Delivers Strong Q4, Announces ₹1 Dividend and 1:1 Bonus Issue

GPT Infraprojects Ltd has posted a strong performance for the quarter ending March, with consolidated net profit of ₹242.4 million and revenue from operations of ₹3.81 billion. With this strong financial ground, the company board has announced a third interim dividend of ₹1 per share for the year, taking the total dividend payment for FY24 to ₹3 per share.

In another step towards benefiting shareholders, GPT Infraprojects has also made a 1:1 bonus issue-issuing one free equity share for each held share pending shareholder approval. The record date for the bonus issue and the interim dividend has been fixed as May 30, 2024.

The Q4 numbers of the company indicate a strong year-on-year growth with net profit increasing 56% from the corresponding period of last year. Consolidated EBITDA in the quarter also reached ₹33 crore, increasing from ₹23 crore in Q4 FY23, while the margins moved up to 11.2%. The order inflow of the company for FY24 was ₹1,841 crore, and the unexecuted order book currently is worth ₹3,099 crore, providing revenue visibility for more than three years.

GPT Infraprojects stocks reacted positively to the announcements, rising close to 5% and representing a well over 45% increase in 2024 so far.

Sources: Reuters, BlinkX, CNBC TV18, Moneycontrol, INDmoney

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