Shares of this microcap electrical company gained almost 1 percent after the company announced they have secured an order worth 11.27 crores for supplying electrical equipment.
At 10:37 16th October, shares of Jyoti Ltd. were trading at Rs. 59 per share, up by 0.94 percent from previous closing price of Rs. 58.45 per share.
Such bullish stock price movements were observed after the company announced on 13th october friday through a regulatory filing on Bombay stock exchange (BSE) that they have received order worth 11.27 crores for supply of high voltage switchgear panels, CDW units and other electrical equipments from Indian oil corporation Limited, Panipat.
Looking at the financials, the company’s revenue increased by 16.89 percent to Rs. 30.8 crores in Q1FY24 from Rs. 26.35 crores in Q1FY23, in the same time period net profit decreased by 60.33 percent to Rs. 0.48 crores from Rs. 1.21 crores.
Talking about the profitability ratios, the company reported Return on capital employed (ROCE) of 2.71 percent and return on assets (ROA) of 1.57 percent in the last financial year.
Promoters of the company hold 24.21 percent stakes and the public holds 74.46 percent in the company.
Incorporated in 1943, Jyoti Ltd is an Engineering Company that does business in the Power sector and Water sector. It offers hydraulic and electrical products and services and designs and manufactures a wide range of Pumps and EPC Pumping Systems from concept to commissioning.
Written by: Vinit Israni
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