Synopsis: Marco Cables & Conductors secured a Rs. 13.22 crore order from an undisclosed domestic client to supply aluminium cables of various sizes, to be executed in eight months.
During Friday’s trading session, shares of a company engaged in manufacturing and selling wires, cables, and conductors in India, surged nearly 4 percent, after the company announced securing a purchase order for the supply of aluminium cables.
At 10:18 a.m., the shares of Marco Cables & Conductors Limited were trading in the green at Rs. 40.55 on BSE, up by around 4 percent, as against its previous closing price of Rs. 39, with a market cap of Rs. 76 crores. The stock hit its 52-week high at Rs. 73 on 1st November 2024, and is trading at a discount of around 44 percent from its current price levels.
What’s the News
According to the latest filings with the NSE, Marco Cables & Conductors Limited has received a purchase order from an undisclosed domestic client for the supply of aluminium cables of Various Sizes. The order is valued at around Rs. 13.22 crores and is expected to be executed in 8 months.
Financials & More
Marco Cables reported a significant growth in its revenue from operations, showing a year-on-year increase of more than 54 percent from Rs. 72 crores in FY24 to Rs. 111 crores in FY25. Likewise, its net profit increased during the same period from Rs. 3 crores to Rs. 5 crores, representing an impressive rise of nearly 67 percent YoY.
Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cables, and conductors in India, with an operating history of over 35 years in the power cable industry in India.
Recently, the company has expanded its product portfolio to include ACSR (Aluminium Conductor Steel Reinforced), AAAC (All Aluminium Alloy Conductor), and ABC (Aerial Bunched Cable) for power distribution and transmission lines.
Written by Shivani Singh
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