The share of this Micro-cap company gained up to 1 percent after receiving a work order for outsourcing SLA-based comprehensive maintenance of OFC worth Rs 18,04,30,756.
With a market capitalization of Rs 885.68 crores, Bondada Engineering Ltd, On Monday, the company shares were trading at Rs 410.50 apiece, a decrease of 2.01 percent from the previous close price.
Bondada Engineering Ltd was given a work order by M/s. Bharat Sanchar Nigam Ltd for the outsourcing of SLA-based comprehensive maintenance of OFC, with a total value of Rs 18,04,30,756, as per the company filing.
Looking into the company’s performance, Bondada Engineering Ltd’s revenue increased by 150 percent from Rs 117 Crore in Q2FY23 to Rs 296 Crore in Q2FY24. During the same period, net profit increased by 275 percent from Rs 4 crore to Rs 15 Crore.
Bondada Engineering Ltd. has finished the 20 MW solar project HOTO with KP Group. In addition, the company received an INR 25 crore order from BHEL for the construction of an IPP model solar plant and an INR 381 crore order from BSNL for an extension of the current order for a 4G saturation project.
Additionally, The company Tower Manufacturing Plant’s installed capacity was increased from 12000 MTPA to 15000 MTPA as the company launched its business in the LED lights category and began receiving orders through its wholly-owned subsidiary.
The stock gave a 180.04 percent return in six months. If an investor invests Rs 1 lakh in the company would be worth Rs 2.80 Lakhs in a year. The company’s order book is valued at Rs 1,695 crore as of September 30, 2023.
Companies in the telecom and solar energy sectors can hire Bondada Engineering Limited’s engineering, procurement, and construction (EPC) and operations and maintenance (O&M) services.
Written by:- Abhishek Singh
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