Realty Stock Declares Q1 Results, Bags Rs 280 Cr Oil India Deal After Quippo Acquisition

Hazoor Multi Projects Ltd. (HMPL) has once again caught investor attention with its remarkable growth story. On Thursday, the company's shares rose 1.61% to close at Rs 44.05, up from the previous closing session of Rs 43.35. Known as one of the biggest multibagger stories on the BSE, HMPL has delivered staggering returns—220% in two years, 800% in three years, and an unbelievable 37,100% in the last five years, climbing from just Rs 0.13 to Rs 44 per share. The company's market capitalisation now stands at over Rs 950 crore, with the stock trading at a PE of 43x compared to the sector average of 42.9x.

Hazoor Multi Projects' net profit increased 10412.50% to Rs 8.41 crore in the June 2025 quarter compared to Rs 0.08 crore in the June 2024 quarter. Compared to the previous quarter, which ended in June 2024, when sales were Rs 34.16 crore, sales in the quarter ending in June 2025 jumped 190.28% to Rs 99.16 crore, as per Business Standard.

With this momentum, the HMPL Board approved a binding offer to purchase the EPC business of Gammon Engineers and Contractors Private Limited, pending necessary approvals, which is likely to bolster Gammon's infrastructural industry standing further.
HMPL has strategically entered the oil and gas downstream services by acquiring Quippo Oil and Gas Infrastructure Limited. Quippo has recently been awarded a significant contract with Oil India Limited for the charter hire of a drilling rig, valued at Rs 280.08 crore. Quippo also possesses a fleet of 14 advanced rigs and a proven track record of over 125 wells executed, as well as expertise in high-value services like directional drilling and integrated field development.

Through this acquisition, HMPL is transformed from a pure-play EPC operator into a fully integrated infrastructure and energy services platform that secures and stabilises recurring revenue streams and supports India's energy autonomy objectives.

Headquartered in Mumbai, Hazoor Multi Projects Ltd. is an infrastructure and engineering company listed on the BSE that encompasses highway construction and civil EPC works, as well as servicing shipyards. HMPL's recent entry into the oil and gas sector is supporting the development of a multi-vertical growth engine that integrates infrastructure capabilities with energy sector opportunities. Active operational performance, strategic project execution, and reputation-enhancing diversification positioned HMPL as a wealth-creating multibagger with a multiyear infrastructure investment vision.