Construction & Engineering company GPT Infraprojects announced FY24 results: Achieved a major milestone of crossing Rs 1,000 crore of revenues for the year Standalone Total Income stood at Rs 1,009.8 crore, higher by 27% YoY Standalone EBITDA stood at Rs 127.9 crore, higher by 33% YoY, with EBITDA margin within the hurdle rate of 12.5-13% Standalone PAT stood at Rs 60.7 crore, higher by 76% YoY Consolidated Total Income stood at Rs 1,024.9 crore, higher by 26% YoY Consolidated EBITDA stood at Rs 127.6 crore, higher by 39% YoY Consolidated PAT after minorities stood at Rs 57.84 crore, higher by 84% YoY Declared Bonus Issue in the ratio of 1:1 by capitalizing the Reserves Declared third Interim Dividend of Re 1 per share i.e. 10% with record date May 30, 2024. Total Dividend of Rs 3 per share for the year i.e. 30%. Order backlog stands healthy at Rs 3,099 crore, with order inflow of Rs 1,841 crore during the year including incremental orders from existing contracts Bagged the single largest contract in the history of the Company at Rs 739 crore from NHAI Commenting on the performance, GPT Chairman, Dwarika Prasad Tantia, said, “I am very pleased that the Company has witnessed one of its strongest performances for the year ending March 31, 2024 as its revenues cross the Rs 1,000 crore mark, thus achieving a major milestone and it gives the management confidence of exceeding the target set and maintain the same growth momentum of 20-25% for the year ahead. The outlay and focus of the Government on Infrastructure contracts continues and we are quite confident that we will be able to expand our horizons to enter newer geographies by building world class infrastructure for the country. During FY24 the total order inflow stood at Rs 1,841 crore including incremental orders in existing contracts with the total unexecuted order book of Rs 3,099 crores as on date, creating a revenue visibility of 3.02 years based on FY 24 revenues. We continue to maintain the momentum to achieve the target for 20-25% growth this year, with healthy cash flows and margins, thus ensuring both ROE and ROCE are in excess of 20%. The Board is pleased to announce a Bonus Issue of 1 equity share for every 1 equity share by capitalizing the reserves, which will lead to better shareholder returns as well. The Company continues to maintain a healthy dividend policy, and keeping this in mind, the Board has announced a third interim dividend of Re 1 per share, taking the total dividend for FY 24 to Rs 3 per share i.e. 30%. I would like to commend all of you who have contributed to bringing our company to this level. We have now built strong foundations on which we can aspire to achieve greater heights.” Result PDF