High Ground Enterprise announced that the 33rd Annual General Meeting (AGM) of the company will be held on 25 September 2018.

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Net profit of High Ground Enterprise declined 22.89% to Rs 4.38 crore in the quarter ended June 2018 as against Rs 5.68 crore during the previous quarter ended June 2017. Sales rose 3.56% to Rs 133.59 crore in the quarter ended June 2018 as against Rs 129.00 crore during the previous quarter ended June 2017.

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High Ground Enterprise has received a order worth Rs 25.02 crore from Shapoorji Pallonji & Group Companies in the first quarter of this year FY18-19.

The company had bagged orders worth Rs 73.26 crore from Shapoorji Pallonji & Group Companies in the last FY17-18 for Infrastructural development work across various states in India.

In the previous financial year 2017-18, the Company has successfully executed the work order aggregating to Rs. 47.7 crore as per the terms of the contract and the remaining being in process this year. This contract has boosted the growth of the Company in the EPCM sector and has resulted in overall profitability of the Company.

Pursuant to this extension of contract the overall contract amount with the group has reached to Rs. 100 crore.

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Net profit of High Ground Enterprise declined 68.46% to Rs 5.40 crore in the quarter ended March 2018 as against Rs 17.12 crore during the previous quarter ended March 2017. Sales rose 67.27% to Rs 223.83 crore in the quarter ended March 2018 as against Rs 133.81 crore during the previous quarter ended March 2017.

For the full year,net profit rose 30.19% to Rs 16.30 crore in the year ended March 2018 as against Rs 12.52 crore during the previous year ended March 2017. Sales rose 74.71% to Rs 537.30 crore in the year ended March 2018 as against Rs 307.53 crore during the previous year ended March 2017.

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