Synopsis:
Classic Electrodes (India) Ltd, surged after bagging a Rs. 17.03 crore supply order from Srinchal Fabricators Pvt. Ltd., Kolkata, for MIG wires and MS electrodes.
A welding solutions stock, which was recently listed on September 1, 2025, gained traction after announcing a fresh contract win. The order boosted investor confidence in the company’s growth prospects and highlighted its expanding international footprint.
Classic Electrodes (India) Ltd., with a market capitalization of Rs. 176.95 crore, opened at Rs. 91.90 against its previous close of Rs. 89.90. The stock hit an intraday high of Rs. 98.90, marking a 10 percent increase from the prior close.
What’s the News?
Classic Electrodes (India) Ltd. announced that it has received a purchase order worth Rs. 17.03 crore from Srinchal Fabricators Pvt. Ltd., Kolkata. The contract involves the manufacturing and supply of MIG wires of various grades and sizes, along with MS electrodes of different dimensions.
The order will be executed on a fixed price basis and completed within six months. Management noted that this milestone underscores the growing trust in the company’s technical capabilities while advancing its global market presence.
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Financial Snapshot
For the half year ended March 2025, sales declined from Rs. 106 crore in September 2024 to Rs. 100 crore in March 2025, reflecting a 5.7 percent drop. Operating profit, however, improved from Rs. 10 crore to Rs. 11 crore, a rise of 10 percent. Profit before tax slipped from Rs. 8 crore to Rs. 7 crore, down 12.5 percent, while net profit declined from Rs. 6 crore to Rs. 5 crore, a fall of 16.7 percent.
On a year-on-year basis, sales remained steady at Rs. 100 crore in March 2024 and March 2025. Operating profit was unchanged at Rs. 11 crore. Profit before tax decreased from Rs. 9 crore to Rs. 7 crore, down 22.2 percent, while net profit contracted from Rs. 6 crore to Rs. 5 crore, a 16.7 percent decline.
About the Company
Incorporated on September 30, 1997, Classic Electrodes (India) Ltd. has over 27 years of experience in manufacturing welding electrodes and providing engineering solutions. Its diverse product portfolio includes general purpose, low alloy, low hydrogen, stainless steel, hard-facing, cast iron, non-ferrous, low heat input, cutting and gauging electrodes, as well as MIG wires, catering to both domestic and international markets.
written By Manan Gangwar
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