During Monday’s morning trading session, the shares of a company engaged in manufacturing electrical and hydraulic engineering equipment hit a 5 percent upper circuit at Rs. 89.31 on BSE, after receiving an order worth Rs. 40 crores for a Hydro Electric Project in Madhya Pradesh.
With a market cap of Rs. 151.6 crores, at 01:00 p.m., the shares of Jyoti Limited were trading in the green at Rs. 88.5, up by nearly 4 percent, as against its previous closing price of Rs. 85.06.
What’s the news
Jyoti Limited has secured a Letter of Award (LoA) valued at nearly Rs. 40 crores from Karan Development Services Private Limited, based in Gwalior, Madhya Pradesh. The project is scheduled for completion by 23rd January 2027.
According to the latest regulatory filings with the BSE, the order involves the design, manufacturing, supply, installation, testing and commissioning of Electro-Mechanical (E&M) works for the Hydro Electric Project (5×5000 KW+ 10% COL), located in Madhya Pradesh.
Previous Orders
5th November 2024: The company’s Switchgear Division secured an order worth nearly Rs. 14.94 crores for the supply, installation, testing & commissioning of High Voltage (6.6 KV and 11 KV) Switchgear Panels from Indian Oil Corporation Limited, Panipat.
20th December 2024: Jyoti Limited’s Switchgear Division received an order valued at nearly Rs. 32.89 crores for the supply of 420 units of 11 KV VCB Panels from Gujarat Energy Transmission Corporation Limited, Vadodara.
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Financials
Jyoti Limited reported a marginal rise in revenue from operations, experiencing a year-on-year increase of nearly 3 percent, rising from Rs. 40.4 crores in Q2 FY24 to Rs. 41.63 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 0.62 crores to Rs. 1.53 crores, representing an impressive rise of around 146.8 percent YoY.
Stock Performance
The stock has delivered positive returns of nearly 74.3 percent in one year, as well as around 6.3 percent returns in the last six months. Meanwhile, the shares of Jyoti Limited have given negative returns of about 10 percent in the last one month.
About the company
Jyoti Limited, a leading Engineering Company, is principally engaged in the business of designing and manufacturing a wide range of pumps and EPC pumping systems from concept to commissioning.
The company is engaged in offering hydraulic and electrical products and services serving the core sectors of power and water.
Written by Shivani Singh
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