Manav Infra Projects Q2 Results Revenue Drops to 635.28 Lakhs

Manav Infra Projects Q2 Results

Manav Infra Projects Q2 Results: Manav Infra Projects made 635.28 Lakhs from its operations in the six months ending on September 30, 2024, which is lower than the 879.60 Lakhs it made in the previous six months. This decrease in revenue indicates a drop in business activity. Other income was very small, just 0.01 Lakhs, compared to 0.10 Lakhs before. When you add both revenues together, the total income was 635.28 Lakhs, down from 879.70 Lakhs in the last six months.

Manav Infra Projects’ total expenses were 612.31 Lakhs, which also decreased from 734.03 Lakhs. Major expenses included purchases of stock and employee benefits. The profit before tax for this period was 22.98 Lakhs, which is significantly lower than 145.66 Lakhs from the previous six months. After tax expenses, the profit for the period was 21.03 Lakhs, a drop from 107.24 Lakhs. Finally, the earnings per share fell from 1.57 to 0.31, showing that shareholders earned less profit for each share they own. Overall, the table reflects a challenging financial period for Manav Infra Projects.

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Manav Infra Projects Financial Performance

Manav Infra Projects is a company with a market capitalization of ₹ 16.7 crore, which reflects its total value in the stock market. The current stock price is ₹ 24.4, having reached a high of ₹ 25.0 and a low of ₹ 13.1 in recent trading. The stock's price-to-earnings (P/E) ratio is 13.0, indicating a moderate valuation compared to its earnings. The book value of the company is negative at ₹ -2.72, which means its liabilities exceed its assets. 

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About Manav Infra Projects 

Manav Infra Projects, originally known as Sai Baba Constructions, was founded in 1995 by Mr. Mahendra Raju. The company aims to meet the growing infrastructure needs of India and has a mission to be a leader in the construction industry. In 2009, it officially became Manav Infra Projects Private and later changed to a public company, getting listed on the National Stock Exchange of India. They provide essential services like excavation, piling, road construction, and pre-stressed rock anchoring. With a wide range of earth-moving equipment, they also offer machinery rental across India.

Manav Infra Projects operates in several states, including Maharashtra, Goa, and Gujarat. The company is unique because it tailors its services to fit each client's specific needs, using a skilled team of engineers and technicians to ensure projects are completed on time and within budget. Their dedication is shown in their successful project history.