The shares of this engineering services company surged to ₹574 apiece, hitting a 20% upper circuit, following an order from Ahmedabad International Airport Limited.
Anlon Technology Solutions Limited, a Small cap company valued at ₹359 crores by market capitalization, experienced a 20% surge in its stock during Tuesday afternoon trading, reaching the upper circuit limit.
What news: According to the company’s exchange filing, the Company has received an order valued at ₹ 1.24 crores from Ahmedabad International Airport Limited. This order encompasses services for 4 Crash Fire Tenders (CFT), which include customs clearance, DLP warranty services, Annual Maintenance services for the next five years, and local transportation of CFT deliveries.
About the company: Anlon Technology Solutions Limited is primarily engaged in the business of providing engineering services. The company provides engineering services for engineering systems, built on automotive chassis and allied areas, majorly for airports, high-rise buildings, and refineries.
Anlon Technology Solutions Limited offers a diverse range of services, including Airport Rescue and Fire Fighting vehicles, High-rise building rescue, evacuation, and fire fighting equipment, Industrial Fire Engines, Runway Rubber and paint removal machines, Runway sweeping and Bay cleaning, and Disabled Aircraft Recovery Kit (DARK). Additionally, they specialize in the supply of Airport interior components.
Anlon Technology Solutions Limited’s shares have surged, showing a 44% increase over the last three months and a remarkable 160% increase over the past year.
Financials: The company has shown positive momentum, achieving a 6.5% increase in revenue from ₹32.89 crores in FY23 to ₹35.02 crores in FY24. Additionally, net profit saw a modest uptick of 1.8%, rising from ₹4.44 crores to ₹4.52 crores over the same period.
Anlon Technology Solutions Limited predominantly generates revenue from its Engineering services, which account for 98% of its revenue, with Installation Services contributing the remaining 2%. The revenue split further reveals that the company derives 42% from the Sale of goods and 58% from the
Written by Omkar Chitnis
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