During Tuesday’s trading session, the shares of this smallcap stock engaged in EPC works of the power transmission and distribution infrastructure came into focus after bagging an order worth Rs 389 crore from Adani Energy Solutions Limited
Stock Performance
With a market capitalization of Rs 2,063.42 crore, Jyoti Structures Ltd jumped over 1 percent in Tuesday’s trading session and made a high of Rs 17.55 per share compared to its previous closing price of Rs 17.34 per share. The stock retraced from its day’s high and was trading at Rs 17 which is 2 percent lower compared to the previous closing price.
What Happened
Jyoti Structures Ltd received a work order from Adani Energy Solutions Limited for building a 765 kV DC Transmission Line 1B of Boisar IIPune III on turnkey basis. This includes Supply of Towers, Survey, Soil Investigation, Foundations, Erection, Stringing, Testing and Commissioning of the project.
Jyoti Structure will receive a consideration of Rs 389.36 crore for the provision of services.The contract is to be executed within 18 months from the date of the Letter of Award.
Company Overview
Jyoti Structures Ltd. is an Indian company specializing in the engineering, procurement, and construction (EPC) of power transmission and distribution infrastructure. The company has undertaken projects in India and other countries, particularly in regions such as Africa, the Middle East, and Southeast Asia.
Financial Performance
In the latest quarter, Jyoti Structures reported a remarkable 146 percent YoY increase in its revenue from Rs 56 crore to Rs 137 crore. On a quarterly basis, there was a 29 percent increase from Rs 107 crore in Q2 FY25.
This was accompanied by an impressive 963 percent YoY increase in net profits from Rs 1 crore to Rs 11 crore. On a quarterly basis, the company saw a 57 percent increase in profits from Rs 7 crore in Q2 FY25.
Ace Investor
According to the latest available information, renowned Indian ace investor Ashish Kacholia holds a 2 percent stake in the company which is equivalent to 180 lakh equity shares.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
