Effwa Infra Research Ltd a Water management company stock surged to its upper circuit after securing a lucrative $42.98 million contract from Afcons Infra
The shares of Effwa Infra Research Ltd, a water treatment solution provider, surged by 2 percent to hit the upper circuit after securing a prestigious work order worth 42,98,000 USD from Afcons Infrastructure Limited.
With a market capitalization of Rs 541.53 crore, the shares of Effwa Infra & Research Ltd were trading at Rs 233.95 per share, marking a 1.94 percent increase from the previous closing price of Rs 229.50 per share.
The rise in share value can be attributed to the recent work order obtained by Effwa Infra & Research Ltd from Afcons Infrastructure Limited for the Supply, Installation, Testing & Commissioning of EMI components of a 16.5 MLD WTP for the “Upgrading of the Drinking Water Supply System in southern Abidjan, Gueyo, and its surrounding areas” in Ivory Coast, with a total value of 42,98,000 USD.
In terms of financial performance, the company’s revenue doubled from Rs 33 crore in H1FY24 to Rs 66 crore in H1FY25, while net profit increased by 68 percent from Rs 1 crore to Rs 5 crore during the same period.
In FY24, the revenue breakdown of Effwa Infra & Research Ltd was as follows: Effluent Treatment Plant (14.66%), Effluent Treatment Plant with Recycling (31.05%), Effluent Treatment Plant with Zero Liquid Discharge System (37.40%), and Other Services (1.61%).
Geographically, the revenue distribution in FY24 was as follows: Andhra Pradesh (3.99%), Gujarat (8.55%), Maharashtra (28.71%), Odisha (13.21%), West Bengal (45.54%), and Special Economic Zone (25.56%).
Furthermore, the revenue breakdown by client type in FY24 was: Government Institutions (3%), Public Sector Undertakings (43.5%), and Private
Order Book and Completed Projects
As of March 31, 2024, our company has successfully completed over 45 water management infrastructure projects for both public and private sectors. We are proud to announce that we currently hold an order book valued at ₹390 crore, which is double our FY24 sales. This demonstrates our strong potential for future growth.
Company Overview
Effwa Infra & Research Limited (EIRL) specializes in providing engineering, consultancy, procurement, construction, and integrated project management services with a focus on water pollution control. Our expertise includes sewage and industrial effluent treatment, solid waste treatment and disposal, ventilation systems, hazardous waste management, and water treatment plants.
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