The shares of the railway product manufacturer gained up to 2 percent after the company bagged significant purchased orders from BEML Ltd for Rs 14.51 crore.
With a market capitalization of Rs 88.02 crore, the shares of Presstonic Engineering Ltd were trading at Rs 114.20 per share, increasing around 2 percent as compared to the previous closing price of Rs 112 apiece.
Reason for Rise:-
The shares of the company have seen bullish after Presstonic Engineering Ltd bagged significant purchased orders from BEML Ltd for the supply of Cable Duct Assy for BMRCL-5RSDM Project 318 Cars. the work order worth Rs 14.51 crore.
Financial performance:-
Examine the company’s financial condition, revenue jumped by 43 percent from Rs 14.25 crore in H1FY24 to Rs 3.80 crore in H1FY25, and during the same time frame, net profit shrunk by 416 percent from a loss of Rs 1.40 crore to a profit of Rs 4.43 crore.
Product portfolio:-
The company offers diverse products, including Rolling Stock Interior (seats, handles, grab poles, partitions), Non-Interior Products (cable systems, battery boxes, simulator cabins), Metro Rail Signaling (enclosures, brackets, masts), and Infrastructure Products (steel structures, aluminum murals, solar panel supports), catering to rail and infrastructure needs.
Expansion:-
The company is expanding by leasing additional premises in Bengaluru’s Peenya Industrial Area for a new manufacturing facility, set to start production soon. It has acquired turret welding machines for faster, quality operations and is ordering more machinery to automate processes and diversify product offerings.
Clientele:-
The company boasts a strong clientele, including UP Metro, Pune Metro, Mumbai Metro, Jaipur Metro, Nestle, Carrier, and Prestige, among others, highlighting its diverse and robust partnerships across metro projects and prominent brands, which enhance its market credibility and growth potential.
Company snapshot:-
PEL manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products and supplies to Global and Domestic OEMs engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies
Written by:- Abhishek Singh
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