Microcap stock engaged in manufacturing and marketing electrical and hydraulic engineering equipment, and many more jumped upto 4 percent in the day’s trade upon receiving work order worth Rs. 12.75 Crores from Megha Engineering & Infrastructures Limited.
Price Action
With a market capitalization of Rs. 185 Crores, the shares of Jyoti Limited were trading at Rs. 107.90 per equity share, up 1.36 percent from its previous day’s close price of Rs. 106.45.
What Happened
Jyoti Limited engaged in manufacturing and marketing electrical and hydraulic engineering equipment, and many more catering to Power, Water, and other sectors, has received a new work order worth Rs. 12.75 Crores from Megha Engineering & Infrastructures Limited
The said work order involves Design, Manufacturing, Testing, Supply & Supervision of Erection, Commissioning of 11 Vertical Turbine Pumps along with mandatory Spares for Southern Link Phase – 2 and Northern Link Phase -2 located in the State of Gujarat and it is to be executed within 6 months.
About the Company
Jyoti Limited is engaged in the business of manufacturing and marketing electrical and hydraulic engineering equipment. It also offers the concept to commissioning, designing, and manufacturing a wide range of Pumps and EPC Pumping Systems catering to Power, Water, and other sectors.
Financials
Its Revenue from operations grew by 3 percent from Rs. 40.39 Crores in Q2FY24 to Rs. 41.63 Crores in Q2FY25, accompanied by profits of Rs. 0.62 Crores to Rs. 1.53 Crores.
Written by: Bharath K.S
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