Vishnu Prakash R Punglia Reports Q2 Results and Appoints New Company Secretary
Vishnu Prakash R Punglia Limited announced its Q2 FY2024 financial results. Revenue from operations was Rs. 2,956.85 crore for Q2 and Rs. 5,720.90 crore for H1 FY2024. Profit for Q2 stood at Rs. 36.50 crore. The company appointed Ms. Nitisha Jain as Company Secretary and Compliance Officer effective November 15, 2023. The company operates in the construction and infrastructure development sector in India.

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Vishnu Prakash R Punglia Limited , a prominent player in the construction and infrastructure development sector in India, has announced its unaudited financial results for the quarter and half-year ended September 30, 2023, along with a key appointment to its management team.
Financial Performance
The company reported revenue from operations of Rs. 2,956.85 crore for the quarter ended September 30, 2023, and Rs. 5,720.90 crore for the half-year period. These figures reflect the company's continued engagement in its core business activities.
A detailed breakdown of the financial results is presented in the table below:
| Particulars (in Rs. crore) | Q2 FY2024 | H1 FY2024 | Q2 FY2023 |
|---|---|---|---|
| Revenue from Operations | 2,956.85 | 5,720.90 | 3,348.69 |
| Other Income | 22.24 | 35.10 | 18.88 |
| Total Income | 2,979.09 | 5,756.00 | 3,367.57 |
| Total Expenses | 2,945.43 | 5,617.21 | 3,050.79 |
| Profit before Tax | 33.66 | 138.79 | 316.78 |
| Profit for the period | 36.50 | 106.55 | 237.33 |
| EPS (Basic & Diluted) in Rs. | 0.29 | 0.85 | 1.90 |
The company's profit before tax for the quarter stood at Rs. 33.66 crore, while the half-year figure was Rs. 138.79 crore. The profit for the period in Q2 FY2024 was Rs. 36.50 crore, and for H1 FY2024, it reached Rs. 106.55 crore.
New Appointment
In a significant move to strengthen its key managerial personnel structure, Vishnu Prakash R Punglia Limited has appointed Ms. Nitisha Jain as the Company Secretary and Compliance Officer. This appointment, effective from November 15, 2023, was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.
Ms. Jain brings valuable qualifications to her new role:
- She is an Associate Member of the Institute of Company Secretaries of India.
- The company states that she possesses the requisite qualifications and experience to discharge the functions of the Company Secretary and Compliance Officer effectively.
Business Segment and Operations
Vishnu Prakash R Punglia Limited, along with its jointly controlled operations, operates exclusively in the construction and infrastructure development sector in India. This focus aligns with the Indian Accounting Standard (Ind AS) 108, which considers it as a single operating segment.
The company's financial results incorporate data from 18 jointly controlled operations on a proportionate basis. However, it's worth noting that one joint operation, VPRPL-KALPATARU JV, is currently not included in the financial results due to an ongoing dispute with the joint venture partner, Kalpataru Enterprises.
Auditor's Review
The statutory auditors of the company have expressed an unqualified opinion on the unaudited financial results for the quarter and half-year ended September 30, 2023. This indicates that the auditors found no significant issues or discrepancies in the financial statements as presented by the company.
Investors and stakeholders should note that these results are unaudited and subject to limited review. The company's performance should be viewed in the context of broader market conditions and the specific challenges and opportunities within the infrastructure sector in India.
Historical Stock Returns for Vishnu Prakash R Punglia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.56% | +3.03% | -3.68% | -49.50% | -66.94% | -38.06% |











































