Likhitha Infrastructure said it had received total orders worth approximately Rs 457.39 crore from various oil and gas distribution companies in Q3FY23. After trading hours, the announcement was made on January 4, 2023.

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The company is to engage in pipeline laying, providing complete erection, city gas distribution projects, testing and commissioning of oil & gas pipelines and operation and maintenance (O&M) services.

On a consolidated basis, net profit hit a high of 40.66% at Rs 14.60 crore, with sales up 41.06% at Rs 82.96 crore in the last quarter of FY23 compared to the July-September quarter of FY22. The scrip had declined 2.13% on BSE at Rs 234.55 on January 4, 2023.