Vijay Kedia stock engaged in providing robotic and automation solutions for Industrial Automation and many others slumps 15 percent in the day’s trade after loss widens in H1FY25.
Price Action
With a market capitalization of Rs. 790 Crores, the shares of Affordable Robotic & Automation Limited were trading at Rs. 702.35 per equity share, up 1.3 percent from its previous day’s close price of Rs. 693.20.
Half Yearly Results
Its revenue from operations half yearly grew by 2 percent YoY from Rs. 42.8 Crores in H1FY24 to Rs.43.72 Crores in H1FY25 and it declined by 64 percent HoH from Rs. 120 Crores in H2FY24 to Rs. 43.72 Crores in H1FY25.
Its net losses half yearly YoY widened from Rs. 6.80 Crores in H1FY24 to Rs.12.28 Crores in H1FY25 and on a HoH basis from a profit of Rs. 13 Crores in H2FY24, it made a loss of Rs. 12.28 Crores in H1FY25.
About the Company
Affordable Robotic & Automation Limited is an automation solution provider for industrial automation needs such as Line Automation, assembly lines, conveyors, robotic inspection stations, pick and place systems, auto assembly stations, hydraulic, gauges, and fixtures. It has a strong order book of Rs. 130 Crores
Its products and services include one-stop parking solutions, industrial automation and warehouse automation one-stop parking solutions, industrial automation, warehouse automation, maintenance services, and many more.
Ace Investor Investment
Ace Investor Vijay Kedia holds a 9.93 percent stake in the company consisting of 11.16 Lakh equity shares. He made a fresh entry into the company in September 2018 by purchasing a 10.53 percent stake in the company consisting of 10.72 lakh equity shares.
Written by: Bharath K.S
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