One of the power stocks involved in offering Engineering, Procurement, Construction, and Commissioning (EPCC) services as well as Integrated Operation and Maintenance (O&M) services. The stock is in focus after receiving an order worth Rs. 1.37 crore from Powerica Limited.
Stock Price Movement
In Monday’s trading session, Lakshya Powertech Limited’s share plunged by 4.73 percent from the previous close of Rs. 269.50. The stock opened at Rs. 267 and is currently trading at Rs. 256.75, with a high of Rs. 267 and a low of Rs. 251.10. The market capitalization now stands at approximately Rs. 258.90 crores.
What Happened
Lakshya Powertech Limited has received a significant work order from Powerica Limited for the supply, installation, testing, and commissioning of 4 x 1500 kVA DG sets for M/s Trion Properties Private Limited in Vizag.
The value of the contract is approximately Rs. 1.37 crore (excluding taxes), and the completion timeline is set for 3 months. This work order reflects the company’s growing presence in the power solutions sector and strengthens its association with well-established entities like Powerica Limited. This contract is expected to contribute positively to the company’s financial performance and enhance its reputation in the industry.
Previous Order
On 23rd January 2025, the company secured a work order worth Rs. 45.98 crores from Asian Energy Services Limited for the design, engineering, supply, installation supervision, testing, and commissioning of 3 gas compressor packages. The project duration is six months.
Also read…..
Services Offering
Lakshya Powertech is a leader in EPCC, integrated operation & maintenance, specialty services, and spare parts trading. The company has delivered over 138 projects worth approximately Rs. 136.9 crore. It serves a diverse range of clients across both the public and private sectors, showcasing its established expertise.
IPO details
Lakshya Powertech Limited launched its IPO on October 16-18, 2024, offering shares in the price range of Rs. 171 to Rs. 180 per share. The total issue size amounted to Rs. 49.91 crores.
Recent quarter results
Lakshya Powertech Limited’s revenue rose from Rs. 64 crore in Q2 FY24 to Rs. 67 crore in Q2 FY25, reflecting a growth of 4.69 percent. Additionally, the company’s net profit saw a significant increase of 75 percent, growing from Rs. 4 crore in Q2 FY24 to Rs. 7 crore in Q2 FY25.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
