Simplex Infra, Gayatri Projects up over 6% on healthy June quarter results

Simplex Infra surged nearly 8% to Rs 500, while Gayatri Projects rallied 7% to Rs 172 in intra-day.

Shares of construction companies Simplex Infrastructures and Gayatri Projects have rallied up to 8% on BSE in intra-day trade after reporting a strong set of numbers in April-June quarter (Q1FY18).

Simplex Infrastructures has surged nearly 8% to Rs 500 after the company posted 67% year-on-year (YoY) jump in net profit at Rs 29 crore, despite single digit growth in topline. Total operational income grew 6% to Rs 1,539 crore from Rs 1,445 crore in the same quarter last year.

The company said the fresh order inflow during the quarter was Rs 1,406 crore against Rs 1,145 crore