BL Kashyap and Sons has secured two new orders worth Rs 1,021 crore, the company said in an exchange filing on June 11. The new contracts take the total order value to Rs 3,545 crore as of today, the company said in a stock exchange filing.
Shares of the company closed trading on June 11 at Rs 90.94 apiece, higher by 4.96 percent on BSE.
The construction company received a contract worth Rs 924.11 crore from DLF City Centre for “civil and composite steel structural works to be completed in 21 months".
The other order was given by Sattva Homes Private Limited for “hotel structure and shell work to be completed in 13 months”, according to the filing. The contract is worth Rs 97 crore.
Meanwhile, the company also received a summon from the Securities and Exchange Board of India (Sebi) for an undisclosed reason.
Parmanand Sharma, deputy general manager, has been appointed as investigation authority and he has summoned the company to produce documents or information as listed out in the said summon, according to the company statement.
The company's net sales were at Rs 322.76 crore in March 2024, up 19.38 percent from Rs. 270.37 crore in March 2023.
Quarterly net profit stood at Rs. 0.06 crore in March 2024, down 99.64 percent from Rs. 17.19 crore in March 2023.
EBITDA was at Rs. 19 crore in March 2024, down 51.37 percent from Rs 39.07 crore in March 2023.
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