Madhav Infra Projects Reports 50.6% Revenue Growth in Q1, Approves AGM Preparations

Madhav Infra Projects Limited , a key player in infrastructure development and construction, has reported a robust financial performance for the first quarter. The company's board of directors approved the unaudited financial results in a meeting held on August 2.

Strong Revenue Growth

The company's standalone revenue from operations surged to Rs 87.44 crore in Q1, marking a significant 50.6% increase from Rs 58.07 crore in the corresponding quarter of the previous year. This substantial growth underscores the company's strong market position and successful project execution.

Profit Improvement

Madhav Infra Projects' net profit after tax showed a healthy improvement, rising to Rs 6.94 crore in Q1 from Rs 6.04 crore in the same quarter of the previous year, representing a 14.9% year-on-year increase. This growth in profitability reflects the company's efficient cost management and operational excellence.

Consolidated Performance

On a consolidated basis, the company reported revenue of Rs 87.54 crore and a net profit of Rs 7.48 crore for the quarter. The consolidated figures include the performance of its subsidiaries, associates, and joint ventures, showcasing the group's overall strength in the infrastructure sector.

Financial Highlights

Particulars (Standalone)	Q1 (Rs crore)	Q1 Previous Year (Rs crore)	YoY Change (%)
Revenue from Operations	87.44	58.07	50.6%
Net Profit After Tax	6.94	6.04	14.9%
Earnings Per Share (Basic)	0.26	0.22	18.2%

Operational Focus

Madhav Infra Projects Limited continues to focus on infrastructure development, construction, operation, and maintenance of infrastructure projects. The company also maintains a presence in the power generation business, particularly in the solar and hydro segments.

AGM Preparations

In addition to approving the financial results, the board has taken significant steps towards preparing for the company's 32nd Annual General Meeting (AGM). Key actions include:

Approval of the draft notice for the 32nd AGM.
Authorization of key executives to decide on the day, date, time, and venue/mode for convening the AGM.
Approval of the draft 32nd Annual Report, which includes the AGM Notice and Board's Report with all necessary annexures.

Auditor's Note

The company's auditors, M/s Shah & Kadam, Chartered Accountants, have conducted a limited review of the financial results. They have noted the non-provision of Deferred Tax Liability as per Ind AS 12 Income Taxes, which investors may want to consider when analyzing the company's financial position.

Madhav Infra Projects Limited's strong Q1 performance, coupled with its proactive approach to corporate governance as evidenced by the AGM preparations, positions the company well for continued growth in the infrastructure sector. Investors and stakeholders will likely be keen to see if this positive momentum continues in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.01%	-4.63%	-1.29%	-23.19%	-37.61%	+143.18%

Madhav Infra Projects Limited , a company with a market capitalization of ₹310.00 crore, has announced a significant new order that surpasses its current market value. The infrastructure firm has secured a contract worth ₹323.82 crore from the National Highways Authority of India (NHAI) for a highway project in Madhya Pradesh.

Project Details

The company received a Letter of Acceptance (LOA) from NHAI for the following project:

Project: Four Laning of section NH-146 from Rahatgarh to Berkhedi in Madhya Pradesh
Mode: Hybrid Annuity Mode under NH(O)
Project Length: 10.079 km
Contract Value: ₹323,82,00,000 (Three Hundred Twenty-Three Crores Eighty-Two Lakhs)
Execution Time: 730 days

Contract Specifics

Particular	Details
Awarding Entity	National Highways Authority of India
Nature of Contract	Four Laning of NH-146 section
Contract Type	Domestic
Execution Period	730 days
Contract Value	₹323.82 crore

Company Disclosure

Madhav Infra Projects Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this contract does not fall under related-party transactions, and the promoters or promoter group have no interest in NHAI.

Significance of the Order

This new order represents a significant opportunity for Madhav Infra Projects, as it exceeds the company's current market capitalization. The project, which involves the four-laning of a national highway section, aligns with the company's expertise in infrastructure development and could potentially boost its order book and future revenue streams.

The successful acquisition of this contract from NHAI may be seen as a vote of confidence in Madhav Infra Projects' capabilities and could position the company for further growth in the infrastructure sector.