An Indian micro-cap stock specialized in providing integrated facilities management services has moved up by 8 percent today after receiving a staggering order worth Rs. 349 crores from Tamil Nadu Medical Services Corporation for providing Housekeeping and Security services.
Price movement:
With a market capitalization of Rs. 731.78 crores, at 11.50 a.m., the shares of Krystal Integrated Services Ltd were trading at Rs. 543.75 up by 4 percent from its previous day’s close price of Rs. 523.75. It is also to be noted that the company has given close to 23 percent returns in the past week
What’s the News:
Krystal Integrated Services Ltd has received an order worth Rs . 349 crores from Tamil Nadu Medical Services Corporation Limited for providing housekeeping and Security Services to 29 out of 124 Medical Institutions under DME on an outsourced basis. The nature of the order is Facility Management Services, and the time period of the contract is for 3 years
About the company:
Krystal Integrated Services Ltd is one of India’s leading integrated facilities management services companies in healthcare, education, public administration (state government entities, municipal bodies, and other government offices), airports, railways, metro infrastructure, and retail sectors.
The Company provides a comprehensive range of integrated facility management service offerings across multiple sectors. Apart from this, it provides staffing solutions and payroll management, private security, manned guarding services, and catering services.
Financials:
Its revenue from operations has increased by 3.8 percent from Rs . 269.82 crores in Q2FY25 to Rs. 280.21 crores in Q3FY25, whereas the company’s net profits have remained stagnant at close to Rs. 10.6 crores during the same period
Written by Likesh Babu S
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