RBM Infracon stock traded over 5 percent higher on Monday. It has reached Rs 800 per share on Monday. The reason for this rise is the announcement of high demand.
The company informed investors via an exchange filing on Friday that it had received a request for service from Oil and Natural Gas Corporation (ONGC).
The order worth Rs 3,498 crore includes Rs 3,371 crore for crude oil and Rs 127 crore for gas in Nandes.
The validity period is 15 years, or 180 months from the date of the effective date.
The company offers construction, maintenance, and turnaround services for gas and oil refineries, petrochemicals and gas cracker plants, fertilizers and coal/gas/WHR-based power stations, chemical, cement, and petroleum plants, and other specialists.
The Company Did Well In The First Quarter Of June
The company performed well and total revenue grew 98.17 percent to Rs 38.86 crore.
EBITDA grew 237.05 percent to Rs 4.79 crore while margins expanded 507 basis points to 12.31 percent.
Profit after tax more than tripled from Rs 248.86 percent to Rs 33.29 crore, resulting in the PAT margin expanding 365 basis points to 8.46 percent.
This particular transaction led to the company’s EPS rising 187.50 percent to Rs 3.22.
Return Of 1,320 Percent
Let us tell you that the company’s share was listed on the Indian Stock Exchange in January 2023 and has been going up steadily since then, hitting new records every month.
Between July 2023 and January 2024, the shares gave a return of 1,320 percent. Following this rise, the stock made gains in the next five months.
However, it rose 64.71 percent in August. During the same month, the stock crossed Rs 800 and touched a new high of Rs 821.70 per share.
It is currently up 9 percent during the last month.
Quick Fact
| Company name | RBM Infracon |
|---|---|
| Recent rise reason | High demand announcement |
| Order from | ONGC |
| Order worth | ₹3,498 crore |
| Crude oil order value | ₹3,371 crore |
| Gas order value | ₹127 crore |
| Order duration | 15 years |
| First-quarter revenue growth | 98.17% |
| First-quarter revenue | ₹38.86 crore |
| First-quarter EBITDA growth | 237.05% |
| First-quarter EBITDA | ₹4.79 crore |
| First-quarter margin expansion | 507 basis points |
| First-quarter margin | 12.31% |
| Profit after tax growth | 248.86% |
| Profit after tax | ₹33.29 crore |
| PAT margin expansion | 365 basis points |
| PAT margin | 8.46% |
| EPS growth | 187.50% |
| EPS value | ₹3.22 |
| Return between July 2023 and January 2024 | 1,320% |
| August stock rise | 64.71% |
| Recent stock high | ₹821.70 |
| Recent stock rise in last month | 9% |
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