The shares of Micro-Cap company, specializing in the manufacturing and export of jute and jute-related products, jumped upto 5 percent upon receiving a work order for Rs. 1,153 crores from Salasar Techno Engineering Limited.
With a market capitalization of Rs. 689.43 crores on Friday, the shares of Gloster Limited jumped upto 5.2 percent, making a high of Rs. 645.00 per share compared to its previous closing price of Rs. 612.85 per share.
Gloster Limited’s wholly owned subsidiary, Fort Gloster Industries Limited, has signed an agreement with Salasar Techno Engineering Limited for the supply of power cables, conductors, and other electrical components worth Rs. 835.71 crore, as well as installation services worth Rs. 317.44 crore and the total contract value amounts to Rs. 1,153.15 crore.
Along with it, the company has also proposed a final dividend of Rs. 20 per equity share (200 percent) for the financial year ended March 31, 2025, subject to approval at the upcoming 103rd AGM. Shareholders whose names appear on the company’s records as of July 4, 2025 (the record date) will be eligible to receive the dividend.
Financials & Others
Its Revenue from operations rose by 50 percent YoY from Rs. 185 Crores in Q4FY24 to Rs. 278 Crores in Q4FY25, and it rose by 56 percent QoQ from Rs. 178 Crores in Q3FY25 to Rs. 278 Crores in Q4FY25.
Its Net Profit YoY from a profit of Rs. 7.68 Crores in Q4FY24 to a loss of Rs. 2.32 Crores in Q4FY25, and QoQ from a profit of Rs. 0.83 Crores in Q3FY25 to a loss of Rs. 2.32 Crores in Q4FY25.
For the latest quarter, segment revenue stood at Rs. 211.89 crore for Jute Goods and Rs. 66.45 crore for Cables. In the previous quarter (Q3), revenues were Rs. 159.04 crore and Rs. 18.65 crore, respectively.
Gloster Limited, established in 1872 and headquartered in Kolkata, is a leading manufacturer and exporter of jute and allied products, including woven and non-woven jute geotextiles, treated and fire-retardant fabrics, and packaging solutions for industrial and agricultural use.
With over 150 years of legacy, the company serves both domestic and international markets, emphasizing quality, sustainability, and innovation. Gloster operates major manufacturing units in West Bengal and is managed by the Bangur family, renowned for their longstanding expertise in the jute industry.
Written by Sridhar J
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