The shares of this microcap stock primarily engaged in the business of manufacturing and trading of innovative LED lights and fixtures hit a 5 percent upper circuit on Thursday after securing major orders worth Rs 9 crore.
Stock Movement
With a market capitalization of Rs 605.28 crore, Focus Lighting & Fixtures Ltd hit a 5 percent upper circuit at Rs 90 per share on Thursday as compared to its previous closing price of Rs 85.72 per share.
What Happened
Through an exchange filing, Focus Lighting & Fixtures Ltd reported securing major orders totalling Rs 9 crore. The details of these orders are as follows:
- Marwadi Educare Foundation
The company has received a commercial order valued at Rs 1.27 crore. The order involves the manufacture, supply, and delivery of indoor and outdoor lighting fixtures. The execution of this order is expected to be completed within six months.
- Avid AV Technologies Private Limited
The company has received a commercial order valued at Rs 5.71 crore. The order includes the manufacture, supply, and delivery of lighting and fixtures. The execution is expected to be completed within one year.
- Lightalive Solutions Private Limited
The company has received a commercial order valued at Rs 2.13 crore. The order includes the manufacture, supply, and delivery of lighting and fixtures. The execution is expected to be completed within two years.
Management Commentary
Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures commented, “We are pleased to begin the new financial year with these significant contract wins, further reinforcing our presence in the lighting solutions industry…These projects not only strengthen our order book but also align with our strategic vision of expanding our footprint in commercial lighting.”
Company Overview
Focus Lighting & Fixtures Ltd is primarily engaged in the business of manufacturing and trading of innovative LED lights and fixtures. The company serves multiple sectors, including retail, hospitality, infrastructure projects, and office and home lighting. Its product applications cover lighting systems, recessed, semi-recessed, pendant and cabinet lighting.
Financial Performance
When looking at the financial statements, Focus Lighting & Fixtures reported a 26 percent decline in revenue from Rs 57 crore to Rs 42 crore during Q3 FY24-25. The company reported a net loss of Rs 2 lakhs as compared to a net profit of Rs 9.7 crore during the same period last year.
Written by Shwetha Sairam
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