The shares of this infrastructure solutions provider in India specializing in hiring heavy earth-moving equipment retraced 6 percent from its day low after the company announced receipt of a Rs 6 crore order from NCC Limited.
Stock Movement
With a market capitalization of Rs. 233.5 crores, the shares of Trishakti Industries Limited retraced 6 percent to Rs 150 from the day’s low of Rs 141.85. The shares opened at Rs 155.80 which also marks the day’s high price.
What Happened
In an exchange filing on Friday, the company announced that they had received a work order for the supply of advanced earth-moving heavy equipment for NCC Limited’s Ongoing Project. The contract is expected to be completed within 12 months and the consideration value stands at Rs 60 million or Rs 6 crore.
Company Overview
Trishakti Industries Limited, established in 1985, is a premier infrastructure solutions provider in India, specializing in heavy earth-moving equipment, with a wide range of advanced machinery, and large-scale projects across sectors such as steel, cement, railways, construction, etc.
The company has reported capital expenditure plans of Rs 100 crore in FY26 and Rs 250 crore in FY27. Key customers include well known names like Reliance, Larsen and Toubro, Tata Projects, KEC, ONGC and Oil India among others.
Strategic Shift
Earlier, Trishakti was involved in supplying drilling equipment to ONGC for oil and gas exploration, participating in global tenders for foreign companies, and offering other related services. In Q1 FY25, the company strategically shifted its focus towards higher growth infrastructure sector by introducing crane hiring services.
Financial Performance
When looking at the financial statements of the company, Trishakti Industries reported a sharp 95 percent drop in revenue from Rs 32 crore to Rs 1.6 crore in Q3 FY24-25. This was accompanied by another 95 percent drop in net profits from Rs 25 lakhs to Rs 1 lakh.
Written by Shwetha Sairam
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