The shares of Indian Biofuels company, engaged in the supply of biomass fuels such as biomass pellets and briquettes to customers, are up by 3.5 percent after the company bags orders for the supply of biomass fuel
With a market capitalisation of Rs. 199.75 crores, on Friday, the shares of Shubhshree Biofuels Energy Ltd were trading at Rs 394.35, the stock is trading up close to 3.5 percent against the previous closing price of Rs 381.05.
What’s the News
Shubhshree Biofuels Energy Ltd secured an order for the supply of Biomass fuel from Sanathan Polycot Private Limited. The contract is to be executed for a period of 3 years during which the Shubhshree Biofuels shall supply biomass fuel to Sanathan Polycot Private Limited. During these 3 years, the company will be supplying up to a minimum of 2,16,000 MT of biomass fuel to Polycot Private Limited.
Financials
The company’s revenues grew by 58.9 percent from Rs. 59.71 crores in March ’23 H2FY23 to Rs. 94.88 crores in March ’25 H2FY24. Its net profits grew by 36.05 percent from Rs. 2.42 crores in H2FY23 to Rs. 3.3 crores in H2FY24.
About the company
Shubhshree Biofuels Energy Limited supplies biomass fuels such as biomass pellets and briquettes to customers in sectors like recycled materials, textile processing, pharmaceuticals, and metals. The company manufactures and supplies biomass fuels, including pellets and briquettes, as an eco-friendly alternative to fossil fuels.
Written by Likesh babu S
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