Share price of a company engaged in communication equipment, primarily for power utilities / other utilities, is currently trading in green at Rs. 405.90, up by around 5% on Tuesday, after the company announced receiving receipt of a purchase order.
With a market cap of Rs. 293.2 crore, the shares of Valiant Communications Ltd. opened at Rs. 386.6 on February 20th on BSE. The company has delivered positive returns of over 62.2 percent in the last six months, whereas nearly 186.8 percent in the last one year. So far in 2024, it has given positive returns of around 30.08 percent.
According to the recent filings on BSE, Valiant Communications Limited has received a purchase order from an international entity, Balkantel QQD, for end-user Bulgarian Power Utility ESQ EAD.
The order received is for the supply of communication and protection solutions that meet the technical requirements of Bulgarian Power Utility ESQ EAD.
Further, the order is worth Rs. 1.98 crores and the time period by which the order needs to be executed is by June 30, 2024.
In terms of financials, the revenue from operations of VAliant Communications increased by 10.54% from Rs. 11.10 crore in Q2 FY23-24 to Rs. 12.27 crore in Q3 FY23-24, accompanied by a decrease in net profit by around 3.5% to Rs. 1.38 crore in Q3 FY23-24 from Rs. 1.43 crore in Q2 FY23-24.
As of December 2023, the Promoters’ holdings remain unchanged at 45.52 percent, whereas the Public holdings decreased by 0.54 percent from 54.03 percent in Q2 FY23-24 to 53.49 percent in Q3 FY23-24.
Valiant Communications Limited (VCL) is a certified manufacturer of communication, transmission, protection, synchronisation and cyber security equipment and solutions manufacturer with installations in more than 110 countries.
VCL solutions are offered for all types of utility applications such as power utilities, oil & gas, railways, metro rail communications, airport communications, mobile backhaul, corporate and defence sectors etc.
Written by Shivani Singh
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