Conart Engineers' Shares Soar 17% After Securing Major ₹30.38 Cr Contract
The shares of Conart Engineers, a company engaged in providing General Contracting and Project Management Services, have seen a substantial increase in value after securing a significant contract. The news has put the company in the spotlight, with shares reaching a day high of ₹109, up 17% from its previous closing price of ₹93.15. Over the past five years, the stock has delivered a robust return of 533%, significantly outperforming the NIFTY 50’s return of 86%.
With a market capitalization of ₹62.5 crore, Conart Engineers has announced a new project from Powerstatic Solutions India Private Limited in Ahmedabad. The scope of work includes building a factory and handling all related civil work at Sanand GIDC in Gujarat. The project is valued at approximately ₹30.38 crore, which is nearly half of the company’s market value. While the final numbers may vary slightly depending on the final plans or additional work, the project is expected to be completed within eight months.
Conart Engineers has reported impressive financial results in the second quarter of fiscal year 2026 (Q2 FY26). The company’s operating revenue stood at ₹16.23 crore, marking a 54% growth compared to ₹10.57 crore in Q2 FY25. On a quarter-on-quarter basis, it grew by 10% from ₹14.78 crore. In terms of profitability, Conart Engineers reported a net profit of ₹1.29 crore in Q2 FY26, a staggering growth of 258% from ₹36 lakh in Q2 FY25. Additionally, on a quarter-on-quarter basis, the net profit grew by 79% from ₹72 lakh.
Conart Engineers Limited is an engineering and construction company based in India, with a strong track record in handling complex industrial and infrastructure projects. The company offers a wide range of services, including general contracting, design-build, turnkey projects, and project management. Their expertise spans across various industries, such as heavy engineering, chemicals, petrochemicals, automobiles, pharmaceuticals, real estate (both residential and commercial), and education. Founded in 1973 and headquartered in Mumbai, Conart Engineers has built a solid reputation for delivering high-quality projects across India.
The recent contract win is a testament to Conart Engineers' capabilities and the trust placed in them by clients. This project is expected to further strengthen the company’s order book and contribute significantly to its financial performance. Investors and analysts are optimistic about the company’s future prospects, given its robust financial performance and the growing demand for infrastructure and industrial projects in India.
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