Synopsis:
A defence-focused firm’s shares surged after its joint venture secured a Rs 139.48 crore order from Ircon. Strong revenue and profit growth, robust defence and aerospace clientele, and expansion in digital manufacturing highlight its rising industry presence and future potential.
The shares of this defence company gained up to 12 percent in the morning trading session after the company bagged a significant work order from Ircon International Limited worth Rs 139.48 crore.
With a market capitalization of Rs 2,774.46 crore, the shares of Jaykay Enterprises Ltd were trading at Rs 212.95 per share, increasing around 5.83 percent as compared to the previous closing price of Rs 201.45 apiece.
Significant order
The shares of Jaykay Enterprises Ltd have seen positive movement after its 50:50 joint venture, J K Phillips LLP, secured a significant contract from Ircon International Limited. The order, valued at Rs 139.48 crore (including GST), covers the design, supply, installation, commissioning, and training of conventional machinery for MSME training centers.
The project is scheduled for completion within 240 days from the Letter of Acceptance. This contract highlights Jaykay’s strong presence in industrial machinery and training solutions, potentially boosting revenues and enhancing its visibility in government-backed infrastructure projects.
Further, the LOA positions Jaykay Enterprises as a key player in India’s MSME development, supporting job creation, exports, and “Viksit Bharat” goals. The turnkey project focuses on capacity building and digital transformation, formalizing and skilling MSMEs, while reinforcing Jaykay’s strategy of delivering advanced digital manufacturing solutions through global partnerships like Phillips Corporation, USA.
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Financial Highlights
Looking forward to the company’s financial performance, revenue increased by 223 percent from Rs 17 crore in Q1FY25 to Rs 55 crore in Q1FY26. Further, during the same time frame, net profit increased by 300 percent from Rs 5 crore to Rs 20 crore.
Jaykay Enterprises Ltd boasts an impressive clientele, catering to top Indian defence forces like the Army, Navy, Air Force, and ISRO, along with key Defence PSUs such as BEL, BHEL, HAL, and DRDO. Its private sector customers include Tata Advanced Systems, Mahindra Defence, Adani Defence, and Agnikul Cosmos, underlining Jaykay Enterprises Ltd’s strong reputation in India’s defence and aerospace industry.
Jaykay Enterprises Limited operates in the Defence & Aerospace and Digital Manufacturing sectors, providing high-tech engineering products, software design, and additive manufacturing solutions. It is guided by core principles of integrity and transparency, aiming to create value and uphold the trust of its stakeholders through ethical business practices.
Written by Abhishek Singh
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