During Monday’s trading session, the shares of a company engaged in the trading and manufacturing of garments surged nearly 2.5 percent on BSE, after the company secured a work order from the Ministry of Electronics and Information Technology through NICSI.
Price Movement
With a market capitalisation of Rs. 631.4 crores, the shares of SBC Exports Limited hit an intraday high at Rs. 13.71, up by around 2.5 percent, as against its previous closing price of Rs. 13.38.
The stock has delivered negative returns of nearly 26 percent in the last one year, but gained around 5 percent returns in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, SBC Exports Limited received a work order worth Rs. 17.2 million from the Ministry of Electronics and Information Technology through National Informatics Centre Services Inc. (NICSI).
The order involves the provision of office support, project management support and rollout services, to be executed within 6 months.
Recent Updates
24th January: The Board of SBC Exports Limited approved the issue of bonus shares in a 1:2 ratio, with a revised record date of 10th March 2025.
24th March: The company received a repeat export order for the supply of various garment articles, including t-shirts, trousers, shorts, etc., for a value of around Rs. 9.36 crores from Gawgee Brothers Wholesalers Co. LLC, a Dubai-based textile company.
Further, SBC Exports also entered into a strategic tie-up with Gawgee Brothers Wholesalers Co. LLC, UAE, for the supply of garments. Under this arrangement, the company will supply a wide range of garments that will be sold in the retail chain stores (Day-to-Day), Dubai.
Financials
SBC Exports reported a significant growth in its revenue from operations, showing a year-on-year rise of 38.5 percent from Rs. 52 crores in Q3 FY24 to Rs. 72 crores in Q3 FY25.
Similarly, its net profit increased during the same period from Rs. 2.87 crores to Rs. 3.6 crores, indicating an impressive growth of around 25.4 percent YoY.
About the Company
Incorporated in 2011, SBC Exports Limited is engaged in the business of trading and manufacturing of garments, manpower supply services and tour operator services.
Written by Shivani 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.
