Hot Pursuit     04-Aug-15
BGR Energy spurts after stellar Q1 outcome
BGR Energy Systems jumped 11.74% to Rs 139 at 14:07 IST on BSE after net profit rose 24.5% to Rs 11.44 crore on 41% growth in revenue to Rs 894.07 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced after market hours yesterday, 3 August 2015.

Meanwhile, the S&P BSE Sensex was down 127.33 points or 0.45% at 28,059.73.

The stock spurted on heavily volumes. On BSE, so far 6.36 lakh shares were traded in the counter as against average daily volume of 53,560 shares in the past one quarter.

The stock hit a high of Rs 144 and low of Rs 130.50 so far during the day. The stock had hit a 52-week high of Rs 191.90 on 6 August 2014. The stock had hit a 52-week low of Rs 100 on 12 June 2015.

The stock had outperformed the market over the past one month till 3 August 2015, surging 15.19% compared with Sensex's 0.34% rise. The scrip had, however, underperformed the market in past one quarter, advancing 3.62% as against Sensex's 4.35% rise.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

Driving execution across all projects, the construction and EPC (engineering, procurement and construction) contracts segment contributed to over 95% to the total revenues at Rs 852.83 crore in Q1 June 2015.

BGR Energy Systems' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 10.32% to Rs 77.62 crore in Q1 June 2015 over Q1 June 2014, on the back of improved delivery across all projects.

As of 30 June 2015, the company carried over an order book of Rs 8796 crore.

BGR Energy Systems is a leading EPC and Balance of Plant (BoP) engineering and contracting company for power projects in India.

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