Kitchen Appliances stock is in focus after it jumped up to 8 percent following the receipt of a tender order from HPCL.
Share Price Movement
With a market capitalization of Rs. 167 Crore, the stock of GreenChef Appliances opened at Rs. 70 up 2.56 percent from yesterday’s closing price of Rs. 68.25, and later it made an intraday high of Rs. 74 up 8.42 percent.
Order Update
The Company has been awarded a prestigious tender for the supply of Hose Pipes by Hindustan Petroleum Corporation Limited. The total number of house pipes to be supplied to HPCL is 20,28,400.
Commenting on the Order, the company said that the new order not only strengthens its relationship with HPCL but also enhances its growth prospects in the coming months, The Company is confident that it will contribute positively to its financial performance.
Also read: FMCG stock under ₹50 jumps 15% after reporting 80% YoY net profit growth in Q3
Financial Highlights
The company reported a 13.42 percent YoY increase in revenue from operations from Rs. 150.29 Crore in Q2FY23 to Rs. 170.46 Crore in Q2FY24. Their net profits also saw an increase of 23.90 percent from Rs. 3.89 Crore to Rs. 4.82 Crore for the same period.
About the Company
Greenchef Appliances Limited is an Indian company specializing in the manufacturing and distribution of home and kitchen appliances, established in 1999. The company offers a wide range of products, including gas stoves, pressure cookers, non-stick cookware, mixer grinders, and air fryers. Greenchef is committed to providing high-quality, durable, and efficient appliances that make daily cooking tasks easier and more convenient.
Written By Abhishek Das
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