The shares of this infrastructure company jumped 5 percent after the company bagged significant work orders from M/s.CMK Projects Private Limited for Rs 86.26 crore.
With a market capitalization of Rs 753.95 crore, the shares of W S Industries (India) Ltd were trading at Rs 119.02 per share, increasing around 4.25 percent as compared to the previous closing of Rs 114 apiece.
Reason for rise:-
The shares of the company have seen positive movement after W S Industries (India) Ltd bagged significant work orders from M/s.CMK Projects Private Limited for construction of additional works and balance works at the integrated Bus Terminal and Multi-Utility Facility Centre in Tiruchirappalli City Corporation, Tamil Nadu. the order is valued at Rs 86.26 crore.
Financial performance
Examine the company’s financial condition, revenue jumped by 10 percent from Rs 81.05 crore in Q2FY24 to Rs 62.07 crore in Q2FY25, and during the same time frame, net profit flopped by 66 percent from Rs 11.43 crore to Rs 3.87 crore.
Projects:-
The company is engaged in several civil projects, including the Macro Drain in Pallavaram to improve drainage, and Integrated Storm Water Drain Works in Kovalam to enhance drainage during heavy rainfall in Tamil Nadu. Another project involves constructing an Integrated Bus Terminal and Multi-Utility Facility in Panjapur, Tiruchirappalli.
In the turnkey projects domain, WSI TPBU manages the complete execution of HV & EHV substations and transmission lines up to 765kV. Their expertise also spans network quality regulation, rural electrifications, renewables, and electrical packages for industries, ensuring efficient project initiation, execution, and closeout.
Clientele:-
The company has a strong clientele, including Trineva, CMK Projects, Renaatus, Tamil Nadu Electricity Board, Maha Vitaran, Karnataka Power Corporation, JVVNL, and Marg Karaikal Port.
Upcoming projects:-
The company has secured a 254-acre property in Kancheepuram, Tamil Nadu, for a modern logistics park and township development with a project outlay of Rs. 107.35 Crores. It also formed a joint venture with Prestige Group for an IT park in Chennai and plans to add defense verticals.
Company Overview:-
W.S. Industries (India) Limited is an India-based holding company. The Company is focused on infrastructure and electrical project handling. The Company’s segments include Turnkey Projects and Infra Division. Its projects include Civil Projects, turnkey projects and IT/ITES Projects.
Written by:- Abhishek Singh
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