Shares of GPT Infraprojects Ltd rallied 13% to touch a day’s high of Rs 117.90 on 27th October. This happened after the company announced that it has received a Rs 195 crore (around €18.9 million) contract from Terminal Industriel Polyvalent de San Pedro in the Ivory Coast for setting up a conveyor belt system at the port.

The order includes engineering, supply, installation, testing, and commissioning of a conveyor belt system under Phase 2 development. This links SOCIM with the San Pedro terminal. The project is expected to be completed within 12 months.

In Q1, GPT Infraprojects reported a 32.2% year-over-year rise in standalone total income to Rs 316 crore. This was driven by strong execution of infrastructure projects and steady performance in its concrete sleeper segment. EBITDA rose 21.5% to Rs 41.8 crore, while net profit increased 29.1% to Rs 22.6 crore.

On a consolidated basis, revenue grew 32.2% to Rs 321.5 crore. EBITDA rose 36.6% to Rs 45.9 crore. Profit after tax surged 39.9% to Rs 23.5 crore, with a PAT margin of 7.31%.

At 12:50 PM, shares of GPT Infraprojects were trading 10.86% higher at Rs 114.68 on NSE.

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