The shares of this mold base manufacturer gained up to 4.7 percent after the company received the contract for different kinds of mould base totaling to approx Rs. 80.24 Lakhs.
With a market capitalization of Rs 120.88 Crores. Sunita Tool Ltd, On Thursday, The shares were trading at Rs 214.90 a share, an increase of 4.22 percent from the previous closing price.
According to the exchange filing, A newly listed company Sunita Tools Ltd received a contract from a domestic client for different kinds of mould bases totaling approximately Rs. 80.24 Lakhs.
Looking into the company’s performance, Sunita Tool Ltd’s revenue increased by 69 percent from Rs 5.05 Crore in Q2FY23 to Rs 8.55 Crore in Q2FY24. During the same period, net profit increased by 317 percent from Rs 0.81 crore to Rs 3.38 crore.
In addition to operating two additional CNC machines on a long-term lease, STPL has fourteen CNC machining centers with varying capacities. The capacities of the CNC machining centers range from 500 x 800 mm to 4000 x 2000 mm.
Apart from what was mentioned earlier, STPL possesses more than 48 Conventional Machines with varying capacities. The sizes of these machines vary, spanning from 400 x 1000 mm to 4000 x 1750 mm.
STPL has been in the engineering field for more than 42 years. It has acted as a catalyst for India’s Industrial Revolution. Among our esteemed clients are Hero Honda, Televisions, LG, Motherson, and numerous others.
After recovering from multiple waves of COVID-19 pandemic shock, India overtook the UK to become the fifth-largest economy in the first quarter of FY 2022–2023. Real GDP increased by roughly 4% in the first quarter of 2022–2023 compared to the same period in 2019–2020, suggesting that India’s pandemic recovery is off to a great start.
Mold base and machining parts for the automotive, pharmaceutical, electronics, consumer goods, and manufacturing industries are produced by Sunita Tools Limited.
Written by:- Abhishek Singh
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