Vishnu Prakash R Punglia Reports Promoter Capital Infusion and Major Deleveraging

Vishnu Prakash R Punglia Limited has shared a comprehensive business update highlighting promoter support and significant financial restructuring over the past nine months. The company navigated external challenges from payment cycle realignments and sector-wide liquidity constraints through strategic interventions.

Promoters infused approximately ₹285 Crores interest-free, including stake sale proceeds, to stabilize liquidity and ensure project continuity. This enabled substantial deleveraging: ₹328 Crores debt repaid, nearly 50% reduction in bank borrowings, and TReDS outstanding slashed from ₹345 Crores to ₹17 Crores.

Current banking facilities show sanctioned fund-based limits of ₹736.71 Crores against ₹323.06 Crores outstanding, including ₹198 Crores working capital OD and ₹108.06 Crores term loans. Non-fund based BG/LC limits stand at ₹515 Crores fully utilized. Promoter unsecured loans of ₹285 Crores support liquidity and project funding.

Operationally, ₹232 Crores inflows were received last quarter with payment cycles normalizing, backed by a ₹4,500+ Crores order book ensuring revenue visibility. Manohar Lal Punglia, Managing Director (DIN: 02161961), emphasized strengthened balance sheet fundamentals and commitment to shareholder value from the corporate office in Jodhpur.

Shares of Vishnu Prakash R Punglia Limited was last trading in BSE at Rs. 40.87 as compared to the previous close of Rs. 38.77. The total number of shares traded during the day was 951542 in over 5839 trades.

The stock hit an intraday high of Rs. 45.90 and intraday low of 40.00. The net turnover during the day was Rs. 40955300.00.

Source : Equity Bulls

Keywords

VishnuPrakashRPunglia CivilConstruction INE0AE001013 CapitalInfusion Promoter