Q3 results impact: Hazoor Multi Projects net profit rises 135% to Rs 6.45 crore, shares see profit booking

Shares see profit booking.

Smallcap Hazoor Multi Projects Ltd (HMPL) reported a 135 percent rise in its consolidated net profit at Rs 6.45 crore for the third quarter of the current financial year. The company had posted a net profit of Rs 2.71 crore in the corresponding quarter of the previous fiscal.

Revenue from operations declined 15 percent year-on-year to Rs 139 crore in the October-December quarter, as against Rs 164.8 crore in the year-ago period.

Total expenses during the quarter fell to Rs 134 crore from Rs 160 crore in the same period of FY25.

During the quarter, the company secured two work orders worth around Rs 277 crore from National Highways Authority of India (NHAI) through an e-tender process.

The projects involve collection of user fee at fee plaza sections of highways in Tamil Nadu and Maharashtra.

However, shares of the company witnessed profit booking after the company declared its third quarter results as shares were trading 2 percent lower at Rs 34.61 on the NSE at around 2:30 pm.

The company operates in renewable energy and undertakes road projects on an engineering, procurement and construction (EPC) basis.

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