Shares of recently listed Enviro Infra Engineers are up 5% on Thursday, December 19, after a 10% fall on Wednesday. The stock has gained in four out of the last five trading sessions.
Thursday’s gains are on the back of the company reporting its September quarter results, its first after becoming a public company.
Revenue for the quarter increased by 78% from last year to ₹213.1 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 148.7% or nearly 2.5x to ₹55.7 crore.
EBITDA margin expanded to 26.2% from 18.7% last year, while its net profit nearly tripled on a year-on-year basis to ₹36.4 crore from ₹12.2 crore in the same quarter last year.
At the end of the September quarter, Enviro Infra had an order book worth ₹1,957.6 crore.
During the earnings call, the management of Enviro Infra said that it is aiming for ₹10,000 crore in revenue for the current financial year and is aiming to grow at a Compounded Annual Growth Rate (CAGR) between 35% to 40% over the next four to five years.
The company has bid for projects worth ₹4,000 crore, of which, it expects to win orders worth ₹2,000 crore by the end of the current financial year.
Shares of Enviro Infra Engineers are trading with gains of 5% at ₹355.5. The stock made its trading debut on November 29 at an IPO price of ₹148. Within 15 trading sessions of listing, the stock has already more than doubled in value, gaining over 140% to make an intraday high of ₹369.7 on Thursday.
