Capacit’e Infraprojects announced that its consolidated profit after tax (PAT) more than doubled to Rs 52 crore for the March 2024 quarter, thanks to higher income. In the same period last year, the company reported a PAT of Rs 22 crore, according to a regulatory filing on Tuesday.
The company’s total income increased to Rs 608.81 crore in the January-March period, up from Rs 448.55 crore a year ago.
Expenses also rose to Rs 533.66 crore, compared to Rs 411.99 crore in the last quarter of FY23.
For the entire fiscal year, the company’s PAT grew by 26 percent to Rs 120 crore, compared to Rs 95 crore in FY23.
Rohit Katyal, the company’s Executive Director, stated on Wednesday, “We achieved significant milestones, including our highest ever turnover and profitability in Q4 FY24 and for the entire year. Higher execution of orders helped us better absorb fixed costs, leading to improved profitability.”
As of March 31, 2024, the company’s standalone order book was Rs 9,011 crore, with 69 percent of orders from the public sector and the rest from the private sector. Additionally, the company raised Rs 200 crore through a qualified institutional placement in Q4 FY24.
“The raised capital has been strategically used to support our future growth and strengthen our operational capabilities, enabling us to deliver exceptional value to our clients and stakeholders,” the company said.
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