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Simplex Infra + Petron Engineering Rise

September 21, 2007

Simplex Infra has bagged various contracts in four different segments i.e. industrial structures – Rs 452 crore, urban utilities Rs 178 crore, piling Rs 112 crore and marine structures Rs 60 crore, aggregating Rs 802 crore, both in India and abroad.

At the current price of Rs 414.95, the scrip trades at a PE multiple of 22.67, based on Q1 June 2007 annualised EPS of Rs 18.30. Simplex Infrastructures net profit rose 89% to Rs 19.69 crore on 68.9% rise in sales to Rs 594.43 crore in Q1 June 2007 over Q1 June 2006.

Petron Engineering’s net profit rose 97.4% to Rs 2.29 crore on 15.8% rise in sales to Rs 63.51 crore in Q1 June 2007 over Q1 June 2006. The company declared the results after market hours yesterday (20 September 2007).

Petron Engineering Construction provides engineering and construction services for refineries, chemicals, cement, fertilisers, power and other industrial plants.

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