Enviro Infra Engineers’ share price jumps 4% following its Q2 FY25 results, reporting a 180.30% increase in revenue, a 15.37% rise in profit before tax, and a 21.34% boost in profit after tax, signalling strong growth.
In Q2 FY25, Enviro Infra Engineers reported substantial growth in its financial performance. Total income increased significantly by 80.30%, reaching ₹22,155.07 lakhs compared to ₹12,128.64 lakhs in Q2 FY24.
Revenue from operations saw a rise of 180.30%, from ₹7,979.31 lakhs in Q2 FY24 to ₹21,301.46 lakhs in Q2 FY25.
This strong performance led to a substantial growth in profit before tax, which increased by 15.37%, from ₹4,311.60 lakhs in Q2 FY24 to ₹4,974.14 lakhs in Q2 FY25. Profit after tax rose by 21.34%, from ₹2,996.81 lakhs in Q2 FY24 to ₹3,636.67 lakhs in Q2 FY25.
On December 19, Enviro Infra Engineers’ share price traded 4% higher at ₹356.15 at 9:45 AM on the NSE. The stock opened at ₹330, lower than its previous close of ₹342.53. The share price hit the lower circuit of ₹342.45 yesterday, ahead of the Q2 FY25 results.
Enviro Infra Engineers made an impressive stock market debut on November 29, 2024, opening at nearly a 50% premium to its issue price. The public offering saw overwhelming investor interest, with the issue being subscribed 89.90 times during the three-day bidding period.
Enviro Infra Engineers provides environmental engineering solutions, focusing on services like waste management, pollution control, and sustainable infrastructure development. The company works across industrial, municipal, and commercial sectors.
Known for its expertise, Enviro Infra Engineers designs and delivers eco-friendly systems and processes that help reduce environmental impact.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 19, 2024, 9:55 AM IST
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