Manjeera Constructions Q1 Results Delays Financial Results Due to Insolvency Issues

Manjeera Constructions Q1 Results

Manjeera Constructions has announced that there will be a delay in submitting their financial results for the first quarter of 2024. Normally, the company needs to report its unaudited financial results for the quarter ending on June 30, 2024, by August 14, 2024. However, due to ongoing legal issues, this may not be possible on time.

The delay is because of the Corporate Insolvency Resolution Process (CIRP) that started on July 18, 2023. This process was ordered by the National Company Law Tribunal (NCLT) in Hyderabad. The CIRP is a procedure under the Insolvency and Bankruptcy Code, 2016, which is used when a company is unable to pay its debts.

Manjeera Constructions is facing difficulties in preparing and finalizing its financial results. The company is working on getting everything ready but expects it to take more time than usual. They will inform the stock exchange and investors once the results are ready.

Source: Here

Manjeera Constructions Current Market Overview

The details is about a Manjeera Constructions company's stock. The market capitalization, or total value of the company’s shares, is ₹46.3 Crore. The stock is currently priced at ₹37.00 per share. Over a certain period, the highest price reached was ₹53.30, and the lowest was ₹30.00. The Price-to-Earnings (P/E) ratio is 33.8, which helps gauge if the stock is expensive relative to its earnings. 

Here's the data:

About Manjeera Constructions

Manjeera Constructions is a company that specializes in construction, real estate, hospitality, and infrastructure projects. Founded with a vision to create valuable and life-enriching spaces, Manjeera aims to become a leader in its industry. Manjeera Constructions is known for its commitment to high-quality work and innovative solutions.

Under the leadership of Mr. Yoganand, the Chairman & Managing Director, Manjeera has developed a strong reputation for integrity and ethical business practices. Mr. Yoganand’s focus on maintaining high standards and building long-term relationships with clients has helped Manjeera Constructions stand out in the competitive marketplace.

Manjeera Constructions’s core values include integrity, doing things right the first time, being proactive, teamwork, accountability, and innovation. These values guide the company in delivering projects that are not only well-constructed but also provide real value to customers.