PVV Infra Limited declares bonus shares

PVV Infra Limited is a Infrastructure Company mainly into solar power rooftop installations. The Company offers end-to-end EPC services and complete energy management solution for installation of industrial, residential, commercial, and floating solar rooftop systems Pan India basis.

The Board of Directors of the Company has recommended issue of Bonus share in the ratio of 1:5 i.e. 1 (One) equity share for every 5 (Five) shares held by the shareholder.

The increase in capital base of the Company will help in qualifying for various tenders and bidding offers by various government and non-government organizations.

The Company is availing the benefits of various rooftop solar schemes launched by the central and state governments and such benefits are being passed on to the customers by way of low cost and best quality of components.

Financial highlights of FY24

The Company has recently declared its audited FY24 results, reported revenues of Rs.87.92 crores and registered a growth of 133.70% from Rs. 37.62 crore in FY23 and profit after tax of Rs. 3.09 crore, registered a multifold growth from Rs. 0.02 crore in FY23.

Quarterly net profit in Q4FY24 increased to Rs 1.83 crores when compared to 0.92 crores in Q3FY24 on QOQ basis with almost 99% of growth.

EPS increased to Rs. 1.34 in FY24 when compared to Rs 0.03 in FY23 on YOY basis and Rs 0.80 in Q4FY24 from 0.41 in Q3FY24 on QOQ basis.

Shares of PVV Infra Ltd was last trading in BSE at Rs. 41.69 as compared to the previous close of Rs. 41.22. The total number of shares traded during the day was 564401 in over 1264 trades.

The stock hit an intraday high of Rs. 43.00 and intraday low of 40.01. The net turnover during the day was Rs. 23437057.00.

Source : Equity Bulls

Keywords

PVVInfra INE428B01013 BonusIssue 1For5