Synopsis:
Greenhitech Ventures Ltd. opened at its upper circuit of 5 percent following major operational updates. Tritech, a subsidiary, successfully produced ethanol from bamboo at India’s first non-food crop ethanol plant, and GreenKashi Bio Energy started commercial production of tire-derived fuel oil, recycled steel, and recovered carbon black.
A biofuels and recycling stock, jumped sharply in early trading after opening at its upper circuit. The rally comes after significant operational updates that highlight the company’s expanding presence in sustainable energy and circular economy solutions, boosting investor sentiment.
Greenhitech Ventures Ltd. currently has a market cap of Rs. 165.09 crore. The stock opened at Rs. 127.10, hitting its upper circuit, against the previous close of Rs. 121.05, reflecting an intraday gain of exactly 5 percent.
What’s the News?
Greenhitech Ventures Ltd. inaugurated its new corporate office at Bhutani Alphathum, Sector 90, Noida, Uttar Pradesh. The office features modern infrastructure and sustainable facilities to enhance operational efficiency, employee collaboration, and stakeholder engagement. This step strengthens the company’s presence in Noida and underscores its commitment to growth and operational excellence.
In a historic achievement, Greenhitech’s subsidiary Tritech participated in India’s first Bamboo-to-Ethanol Plant at Numaligarh Refinery Ltd., inaugurated by the Hon’ble Prime Minister of India.
Tritech secured the O&M contract for this non-food crop ethanol plant and successfully produced ethanol from bamboo meeting the desired specifications. This milestone advances sustainable energy solutions, reduces reliance on fossil fuels, and supports India’s renewable energy targets.
GreenKashi Bio Energy, a wholly-owned subsidiary of GVL, has commenced commercial production at its state-of-the-art facility. The plant produces tire-derived fuel oil, recycles steel, and manufactures recovered carbon black using technology from Klean Industries Inc., Canada. This initiative contributes to circular economy solutions by converting end-of-life tires into valuable resources with minimal environmental impact.
Financial Snapshot
On a sequential basis (Sep-24 vs Mar-25), sales declined from Rs. 11.11 crore to Rs. 8.47 crore, down 23.8 percent, while operating profit rose from Rs. 0.96 crore to Rs. 1.66 crore, up 72.9 percent. PBT increased from Rs. 0.68 crore to Rs. 1.33 crore, a rise of 95.6 percent, and net profit nearly doubled from Rs. 0.51 crore to Rs. 1 crore, up 96.1 percent.
On a year-on-year basis (Mar-24 vs Mar-25), sales grew from Rs. 6.28 crore to Rs. 8.47 crore, up 34.8 percent, while operating profit declined from Rs. 1.95 crore to Rs. 1.66 crore, down 14.9 percent. PBT fell from Rs. 1.69 crore to Rs. 1.33 crore, a drop of 21.3 percent, and net profit declined from Rs. 1.27 crore to Rs. 1 crore, down 21.3 percent.
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About the Company
Greenhitech Ventures Limited is a leading player in biofuels and recycling solutions across India. Through its subsidiaries, GVL operates a state-of-the-art tire recycling facility producing recovered carbon black, steel wires, and tire-derived oil.
The company specializes in biofuels, ethanol, light density oils, furnace oils, and alternative fuels while also providing O&M services for ethanol production in government distilleries. Founded in 2011, it became a public limited company in 2023. Headquartered in Varanasi, Uttar Pradesh, Greenhitech leverages technology, expertise, and government relations to deliver cost-effective solutions.
Written By Manan Gangwar
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