The shares of this micro-cap company hit 5 percent lower circuit after the company’s revenue and net profit decreased by 40 percent and 147 percent respectively in the first quarter of FY25.
Artson Engineering Ltd has a market capitalization of Rs 612.13 crore, the shares were trading in red at Rs 165.80 per share, decreasing around 4.44 percent as compared to the previous closing price of Rs 173.50 apiece.
Reason for the fall?
Today, the company shares have seen a bearish movement after Artson Engineering Ltd’s revenue soared by 0.36 percent on a quarter-on-quarter basis from Rs. 24.88 crores in Q4FY24 to Rs.24.97 crores in Q1FY25. Further, revenue plummeted by 40 percent year on year from Rs. 41.89 crores in Q1FY24 to Rs.24.97 crores in Q1FY25.
Artson Engineering Ltd’s net profit turned into a loss on a quarter-on-quarter basis from Rs. 1.32 crores in Q4FY24 to a loss of Rs (0.49) in Q1FY25. Further, on a year-on-year basis also net profit turns into loss from Rs. 1.03 crores in Q1FY24 to Rs. (0.49) crores in Q1FY25.
Revenue Breakup:-
As per FY23, the company’s 47 percent revenue comes from the sale of goods, 13 percent comes from Fabrication, 38 percent comes from the contract and 2 percent revenue comes from other operations.
Projects Undertaken & Manufacturing Facility:-
The company has completed its work and is achieving commercial closure at NFC Kota, IOCL Paradip-1, IOCL Dhumad, and GMR Hyderabad Airport. It has also resumed the then-suspended works at ZACL (now PPL) Goa. It has achieved over 95% of work progress at ONGC Kakinada, over 85% at IOCL Paradip-2, and over 65% for construction at the NTPC Talcher and Vallur.
The company has a total of 2 manufacturing units in Nagpur and Nashik. In March 2024, the company set new unit at Taluka- Sudhagad, Dist., and Artson Engineering has a prominent clientele that includes Indian Oil Corporation, Tata Projects Ltd, Bharat Petroleum Corporation Ltd, and Others.
Company Snapshot:-
Artson Engineering Limited is engaged in the supply of equipment, steel structures, and site services for mechanical works. The company has diversified businesses from process equipment manufacturing for oil and gas, petrochemicals, power, and metallurgy industries to construction of bulk liquid storage farms, industrial piping, structure fabrication, and others.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
