The shares of this electrical equipment manufacturer gained up to 10 percent after the company received a prestigious work order from M/s. Gujarat Energy Transmission Corporation Limited, Vadodara for Rs 32.89 crore.
With a market capitalization of Rs 180.97 crore, the shares of Jyoti Ltd were trading at Rs 105.65 per share, increasing around 9 percent as compared to the previous closing price of Rs 97.35 apiece.
Reason for rise:-
Today the shares of the company have seen bullish movement after Jyoti Ltd received a prestigious work order from M/s. Gujarat Energy Transmission Corporation Limited, Vadodara for Supply of 11 KV VCB Panels (Quantity 420 Nos.), the order valued at Rs 32.89 crore.
Financial performance:-
Analyzing the company’s financial condition, revenue magnified by 3 percent from Rs 40.39 crore in Q2FY24 to Rs 41.63 crore in Q2FY25, during the same time frame net profit zoomed by 146 percent from Rs 0.62 crore to Rs 1.53 crore.
Growth target:-
Jyoti Ltd aims for a volume growth target of 20-25% for FY25, alongside a revenue target that aligns with this growth trajectory. This ambitious plan indicates confidence in continued market expansion and operational scaling.
Product Portfolio:-
The company offers a diverse range of products including engineered pumps (vertical turbine, mixed flow, metallic volute, centrifugal), hydel equipment (turbines, inlet valves, hydro generators), rotating electrical machines (motors, alternators, wind energy generators), switchgear (vacuum circuit breakers, RMU), and electronic control systems (auxiliary relays, pluggable interfaces).
Clientele:-
The company serves prominent clients such as NTPC, GETCO, Reliance Power, Neyveli Lignite Corporation Ltd, MSEB, Essar Power, TNEB, Rajasthan State Electricity Board, PSEB, Tata Power, GNFC, Hindustan Zinc Ltd, and ONGC, providing services to major players in the energy, power, and natural resources sectors.
Company Profile:-
Jyoti Limited is engaged in serving the power and water sectors. It offers hydraulic and electrical products and services. It is principally engaged in designing and manufacturing a wide range of pumps and electronic pressure control (EPC) pumping systems from concept to commissioning.
Written by:- Abhishek Singh
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