Tuesday, May 6, 2008

PBA Infrastructure weak Q4 numbers

PBA Infrastructure was up 1.2% to Rs 84, off session's high of Rs 89, after posting 7.2% fall in net profit to Rs 2.45 crore on 1.2% rise in sales to Rs 100.18 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 89 and a low of Rs 81 so far during the day. The stock had a 52-week high of Rs 177.20 on 1 January 2008 and a 52-week low of Rs 59.50 on 24 March 2008.

The company’s current equity is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 83.70 discounts its Q4 March 2008 annualised EPS of Rs 7.26, by a PE multiple of 11.53.

PBA Infrastructure’s net profit rose 33.94% to Rs 146.10 crore on 29.50% rise in total income to Rs 370.66 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

In April 2008, PBA Infrastructure secured orders worth Rs 44.94 crore in Maharashtra and Gujarat.

In March 2008, the company bagged an order worth Rs 42.30 crore from Navi Mumbai Municipal Corporation for building flyovers and over bridges at Thane Belapur road.

In January 2008, the company bagged orders worth Rs 150.77 crore from Pimpri Chinchwad Municipal Corporation and Municipal Corporation of Greater Mumbai.

PBA Infrastructure is a construction company engaged in building roads, dams, runways and bridges

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