Scripscan:MBL Infrastructures Ltd
cmp:112
Code:533152
Story:The stock has been in the news lately, with four consecutive days of a strong rally. Yesterday, the stock closed 7.63% higher at Rs.114.90. The reason for this build-up was the announcement of five orders. The company secured five orders totaling Rs.315.80 crore. The orders were from NHAI, Rail Vikas Nigam, HUDA, PWD Haryana and NBCC.Engaged in execution of civil engineering projects with specialisation in roads & highways, on the financial front, the going in Q2 has been tough. It reported a very marginal rise in earnings in Q2 but given the state of the economy, that was good too. Consolidated net profit Ton a YoY was up 1.78% at Rs.8 crore on a 25% rise in total income. But sequentially, net sales showed a 50% drop and net profit slumped 60%. Poor topline toppled the entire fruit cart. Hopefully these order flows will better the earnings in Q3 but expecting too much would be naïve.
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