Auto ancillary stock engaged in the manufacturing and supplying of axle components, transmission components, chassis, engines, automotive components and many more jumped upto 10 percent in the day’s trade upon receiving a work order worth Rs. 1 Crore. 

With a market capitalization of Rs. 88 Crores, the shares of Kranti Industries Limited were trading at Rs. 77.50, up 8.32 percent from its previous day’s close price of Rs. 71.55. 

Kranti Industries Limited has received a business Nomination Letter along with the purchase order vide number RT 1001406 from CNH Industrial (India) Private Limited for the supply of Machine Parts F28 Balancer Box Development for a consideration of Rs. 1.02 Crores. 

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Kranti Industries Limited is a precision machining company engaged in the field of engineering products with a presence in auto-ancillary and allied sectors. 

The Company’s product range includes differential housings, axle components, transmission components, chassis, engines, automotive components, and other components for the automotive industry including electric vehicles 

Its Revenue from operations declined by 1.31 percent from Rs. 21.61 Crores in Q3FY23 to Rs. 21.31 Crores in Q4FY24, accompanied by profits of Rs. 39 Lakhs to a loss of Rs. 99 Lakhs. The company is currently not able to generate consistent revenue and profits and hence it has made a loss in the recent quarter. 

Kranti Industries Limited has reported a return on equity(ROE) of 8.31 percent, a return on capital employed (ROCE) of 9.70 percent, and a debt-to-equity ratio of 1.11. 

Written by: Bharath K.S 


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