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Vijay Kedia stock falls 13% after its net profit falls by 24.3% YoY

News by Aliceblue News Desk

10 Feb 2025

Vijay Kedia stock falls 13% after its net profit falls by 24.3% YoY

Introduction:

Leading infrastructure company reported a 24.3% YoY decline in Q3 net profit, while revenue dropped 51.1% YoY. However, net profit rose 18.4% QoQ, despite a 44.3% revenue decline, reflecting mixed performance amid challenging market conditions.

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Share price movement of Om Infra:

On February 10, 2025, OM Infra Ltd opened at ₹136.35, down 11.80% from its previous close of ₹141.15. The stock reached a high of ₹136.80 and a low of ₹121.55. By 3:40 PM, it traded at ₹124.50, with a market cap of ₹1,198.98 crore.

Om Infra Reports 24.3% YoY Decline in Q3 Net Profit:

Om Infra Limited posted a net profit of ₹4.64 crore in Q3 FY25, marking a 24.3% YoY decline from ₹6.13 crore. However, on a QoQ basis, net profit increased 18.4% from ₹3.92 crore in Q2 FY25.

Revenue from operations stood at ₹132.8 crore, registering a sharp 51.1% YoY decline from ₹271.5 crore. Sequentially, revenue fell 44.3% from ₹238.4 crore in Q2 FY25, reflecting weaker business performance in the recent quarter.

Total income for Q3 FY25 dropped 50% YoY to ₹145.4 crore from ₹291 crore. On a QoQ basis, total income saw a 40% decline from ₹242.2 crore, indicating a challenging period for the company with lower revenues and profitability.

Ace investor holding in Om Infra:

Vijay Kishanlal Kedia

Vijay Kishanlal Kedia holds a 2.5% stake in Om Infra Limited, owning 2,400,000 shares valued at ₹29.7 crore. This significant holding underscores a strong commitment to the company’s growth and long-term prospects in the infrastructure sector.

Dheeraj Kumar Lohia

Dheeraj Kumar Lohia holds a 1.02% stake in Om Infra Limited, owning 986,580 shares valued at ₹12.3 crore. His investment reflects confidence in the company’s growth potential and long-term prospects in the infrastructure sector.

Stock performance of Om Infra for Period of 1 week, 6 months and 1 year:

Om Infra Limited’s stock declined by 2.05% over the past week, reflecting short-term weakness. Its six-month return dropped by 23.4%, indicating prolonged market challenges. However, a 1.03% gain over the past year suggests resilience and potential for long-term stability.

Also Read: Logistics stock jumps after it receives order worth ₹1,089 Cr from Vedanta

Shareholding pattern of Om Infra:

All values in %Dec 2024Sep 2024Jun 2024
Promoter67%67%67.30%
FII0.00%0.10%0%
DII4%3.90%2%
Public28.90%29.00%30.40%
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About Om Infra:

Om Infra Ltd (NSE: OMINFRAL) is a diversified infrastructure company engaged in hydro-mechanical equipment, steel fabrication turnkey solutions, hydropower development, real estate, entertainment centers, and hotels. It plays a key role in large-scale infrastructure and industrial projects.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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