VPRPL bags ₹273 crore contract from Uttar Pradesh Jal Nigam, shares up 8%

In an exchange filing, VPRPL confirmed the development and said that it has received a Letter of Acceptance (LoA) from the Office of Superintendent Engineer, Uttar Pradesh Jal Nigam (Urban) in Naini, Prayagraj.

The contract which includes surveying, soil investigation, engineering, design and supply of all materials and labour is valued at ₹273.11 crore.

VPRPL was selected as the contractor following the due tender process. Shares of VPRPL ended the day's trade at ₹206, up by 5.47% on the NSE

On June 24, the company informed the exchanges that it had received a contract at a water treatment plant in Goa.

VPRPL was awarded a new project worth ₹67.82 crore by the Public Works Department in Bicholim, Goa, for the construction of 15 megaliters per day (MLD) water treatment plant in Morlem Sattari.

The construction company reported impressive growth numbers in the financial report for quarter four of FY24. The consolidated net profit jumped 68.2% year-on-year (YoY) to ₹67.1 crore in the quarter ended on March 31, 2024, while total income rose by a healthy 44.2% YoY to ₹657.2 crore during the period.

VPRPL’s earnings before Interest, Tax, Depreciation, and Amortisation (EBITDA) of ₹104.9 crore rose sharply by 64.4% YoY in Q4 FY24. The profit after tax (PAT) margin climbed by 15.96% and EBITDA margin was up 15.96% in the quarter under review.