ANI PR Wire
10 Nov 2023, 18:09 GMT+10
VMPL
New Delhi [India], November 10: B L Kashyap & Sons Limited (BSE: 532719 NSE: BLKASHYAP), one of the leading Civil Engineering and Construction Company announced their financial results for the second quarter of the fiscal year 2023-24. During Q2FY24, the company reported revenue of INR 325.72 crore, an increase of 29% over the previous quarter's revenue of INR 252.45 crore in Q1FY24. PAT of INR 14.01 crore during the second quarter of FY2023 - 24 is 17.23% higher than the PAT of INR 11.95 crore as compared to the preceding quarter. The company reported consolidated revenue of INR 583.08 crore and PAT of INR 21.95 crore for the half year ended on 30th September 2023.
Commenting on the results, Vineet Kashyap, Managing Director, B L Kashyap & Sons Ltd. said, "With over three decades of rich expertise and having completed 250 + projects with more than 140 million sq. ft. developed, BLK is on the path to achieve double-digit margin for FY 2023-24. This is strictly considering the basis of the orders and their status in hand. BLK is looking at increasing its footprint in the infrastructure space related to its core business, which is high-quality structures and their associated works. The company has been receiving orders across multiple segments like railways, business parks, educational institutions, and residential complexes. The company has put in a bid for a large commercial job in Gurgaon."
The company has been awarded total orders to the tune of Rs. 247 crore during Q2 financial year 2023-24. The latest order secured were from Delhi International Airport Limited for INR 167 crore and Sattva Verve, Pune for INR 80 crore approximately. Total order book stands at Rs. 3005 crore as of half year ended on 30th September 2023. The government sector which includes commercial, infrastructure/industrial and institutional contributes to about 23% and the private sector constitutes 77% of the total order book of INR 3005 crore. The top three states as per the geographical mix are Karnataka - 36%, Haryana - 20% and Delhi - 18%.
B L Kashyap will continue to invest in technology and offer customized services. The company has invested significant resources in technological capabilities and developed a cutting-edge system which enables to keep a complete check on operational and accounting processes. There's continuous endeavour to integrate the customers into the development process for a customized experience.
B L Kashyap & Sons Ltd. (BLK) is one of the leading Engineering, Procurement and Construction (EPC) Company. The company has a presence in 12 cities across 8 states in India. With Three decades of expertise, BLK has completed over 250 projects and more than 140 million sq. ft. The portfolio spread includes IT Campuses, Commercial Spaces, Malls, Hotels, Residential Complexes, Institutions, Factories and Manufacturing Facilities, Healthcare and Transportation. BLK has a strong workforce of 1200+ engineers & professionals.
For further information on the company: www.blkashyap.com
For further media queries, please contact:
Sonia Kulkarni | 9820184099
[email protected]
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Cambodian Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cambodian Times.
More InformationGAZA - Israel Air Force pilots have heavily bombarded Gaza this week, killing hundreds and severely wounding hundreds more. The...
DOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...
NEW YORK CITY, New York: Goldman Sachs has agreed to pay a US$1.45 million civil penalty to resolve allegations from the Financial...
WASHINGTON, D.C.: The largest firefighters' union in the United States is calling for federal antitrust authorities to investigate...
LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over...
COLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and...
New Delhi [India] May 18 (ANI): England seamer Lauren Filer will make her first appearance after the Women's Ashes Test against Australia...
New Delhi [India] May 18 (ANI): Ahead of Gujarat Titans (GT) vs Delhi Capitals (DC) on Sunday at the Arun Jaitley Cricket Stadium,...
(Photo credit: Jim Dedmon-Imagn Images) NORTH WILKESBORO, N.C. -- After his victory at Las Vegas Motor Speedway in the fifth NASCAR...
New Delhi [India], May 17 (ANI): With the Indian Premier League (IPL) 2025 resuming after a brief hiatus, the Delhi Capitals (DC) are...
New Delhi [India], May 17 (ANI): Delhi Capitals (DC) all-rounder Vipraj Nigam praised the Indian Army and the Government of India for...
Jaipur (Rajasthan) [India], May 17 (ANI): Punjab Kings bowling coach James Hopes believes that the franchise skipper Shreyas Iyer has...