The shares of a microcap trading company that is primarily engaged in selling refurbished Laptops, Monitor, Tablets, and Accessories at discounted prices crashed up to 20% after Amazon India announced its shutting down of refurbished product categories across all product lines.
Price Action
The shares of Newjaisa Technologies Ltd, with a total market capitalization of Rs 185.89 Crores, hit a 52-week low at Rs 50.55 per share on Tuesday’s trade and plummeted by 19.6 percent. As of 10:30 am, the shares retreated from their day’s low and were trading at Rs 52.65 per share which was 16.3 percent lower than the previous closing price of Rs 62.9.
What Happened
The company stated in a press filing dated March 3, 2025, that Amazon India is considering shutting down its refurbished product category across all product lines in India, effective the end of March 2025. As a result, given the company’s presence on the Amazon marketplace, this development is expected to have an impact on the business of Newjaisa Technologies Ltd in the short term.
The company is however confident in their direct-to-customer online platforms for the refurbished electronics and is looking forward to serving significantly higher customers.
Strategic partnerships and deals
Newjaisa Technologies Limited has partnered with one of the largest retailers in South India, which operates more than 400 outlets across the region. The company has also recently secured two significant institutional deals, further strengthening its presence in the education sector by supplying refurbished technology solutions.
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Future Outlook
The company is taking a significant step forward by expanding into the retail sector through strategic retail partnerships at 500+ locations in the next 12 months. The main aim of the company is to make affordable, high-quality refurbished electronics accessible to a wider customer base through these retail partnerships.
It has also obtained an e-waste management license which enables it to source directly from corporations while eliminating intermediaries such as e-waste recyclers.
Financials
The company’s Net Profits increased by 17 percent YoY from Rs 2.9 Crores in H1FY24 to Rs 3.4 Crores in H1FY25. Their Revenue from operations also increased by 29 percent YoY from Rs 26.15 Crores to Rs 33.72 Crores over the same period.
About Newjaisa Technologies Ltd
Newjaisa Technologies Ltd is a full-stack, direct-to-consumer (D2C) company based in India, specializing in selling refurbished IT electronics like laptops, desktops, and peripherals at significantly discounted prices compared to new products. They aim to provide quality refurbished options to a pan-India customer base while contributing to reducing electronic waste.
Written By Adhvaitha Nayani
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