The shares of the engineering service provider jumped 8.5 percent after the company received a new order worth Rs 4.85 crore from Yamuna International Airport Private Limited.
Anlon Technology Solutions Ltd has a market capitalization of Rs 371 crore, the shares were trading at Rs 594.00 per share, increasing around 8.56 percent as compared to the previous closing price of Rs 547.15 apiece.
Matter Explanation:-
Today, the company share has seen drastic movement after Anlon Technology Solutions Ltd received a new order worth Rs 4.85 crore from Yamuna International Airport Private Limited for the design, Manufacture, Supply, Installing, Testing, and Commissioning of Rubber plus Marking Removal Machine (“RMRM”) including maintenance services during the warranty period and defects liability period of 24 Months.
Financial performance:-
Looking forward to the company’s financial performance, revenue plummeted by 11 percent from Rs 19.69 crore in H2FY23 to Rs 17.43 crore in H2FY24, during the same time frame, net profit also magnified by 12 percent from Rs 63 crore to RS 211 crore.
The company specializes in the acquisition, monitoring, quality control, shipping, and installation of equipment for airports (which account for 80% of income), as well as government, municipalities, and refineries (20%).
Client base and manufacturing facilities:-
The company has a strong client base which includes Steel Authority of India, BPCL, Cochin, BEML, Skoda Auto Volkswagen India Pvt Ltd, DLF Hindustan Aeronautics Ltd, Jindal Steel and Power Ltd, Nuclear Fuel Complex Hyderabad and others.
Earlier in 2024, the company inaugurated our new plant which is dedicated to manufacturing and assembly of fighting vehicles, Rubber Removal Machines, and other vehicles and equipment.
Remarkable return:-
Over the past six months, it has returned 13.34 percent, with a multi-bagger return of 159 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 2.59 lakh in a Year.
Company Snapshot:-
Anlon Technology Solutions Limited is an Indian firm that primarily provides engineering services for engineering systems built on automobile chassis and associated fields, with a focus
on airports, high-rise buildings, and refineries. Engineering Services and Designing, Fabrication, and Installation Services are two of the company’s business segments.
Written by:- Abhishek Singh
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