Likhitha Infrastructure announced that the Board of Directors of the Company at its meeting held on 11 June 2021, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Revenue from operations during the quarter increased 47.11% YoY to Rs 73.82 crore. Pre-tax profit was at Rs 16.87 crore in Q4 FY21 as against 4.75 crore in Q4 FY20.

The company recorded 43.63% rise in net profit to Rs 28.98 crore on 18.23% increase in revenue from operations to Rs 190.62 crore in FY21 over FY20.

The board has recommended a dividend of Rs 1.5 per share for the financial year 2020-21.

The scrip surged as much as 18.69% to hit a record high of Rs 480 in intraday today.

Likhitha Infrastructure is an oil & gas pipeline infrastructure service provider in India. Its operations include cross country pipelines and associated facilities; city gas distribution including CNG stations; and operation & maintenance of CNG/PNG services.

Shares of Likhitha Infrastructure entered the bourses on 15 October 2020. The stock was listed at Rs 130.10, a premium of 8.42% to the initial public offer (IPO) price of Rs 120.

Powered by Capital Market - Live News

Net profit of Likhitha Infrastructure rose 243.54% to Rs 13.02 crore in the quarter ended March 2021 as against Rs 3.79 crore during the previous quarter ended March 2020. Sales rose 47.08% to Rs 73.82 crore in the quarter ended March 2021 as against Rs 50.19 crore during the previous quarter ended March 2020.

For the full year,net profit rose 43.66% to Rs 28.99 crore in the year ended March 2021 as against Rs 20.18 crore during the previous year ended March 2020. Sales rose 18.22% to Rs 190.62 crore in the year ended March 2021 as against Rs 161.24 crore during the previous year ended March 2020.

Powered by Capital Market - Live News

Likhitha Infrastructure will hold a meeting of the Board of Directors of the Company on 11 June 2021..

Powered by Capital Market - Live News