You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Gayatri Projects adds 26% in five days

Capital Market 

Gayatri Projects hit an upper circuit of 5% at Rs 30.35, extending gains for fifth day in a row.

The stock has added 25.9% in five sessions from its recent closing low of Rs 24.10 on 11 November 2020.

On a standalone basis, the company reported 58.5% drop in net profit to Rs 3.33 crore on a 14.4% rise in net sales to Rs 798.23 crore in Q2 FY21 over Q2 FY20. Profit before tax slumped 90.1% to Rs 1.84 crore during the period udner review.

EBITDA rose 7% to Rs 106 crore in Q2 September 2020 from Rs 99.4 crore in Q2 September 2019. EBITDA margin was at 13.3% in Q2 FY21 as against 14.2% in Q2 FY20.

In FY21, the company expects order inflows of Rs 3000-4000 crore, revenue growth of 0% to 5% and EBITDA margin improvement of 14% to 15%.

Gayatri Projects is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 18 2020. 12:10 IST