During Thursday’s trading session, the shares of a micro-cap company engaged in the business of material handling and engineered products surged nearly 5 percent to Rs. 575 on BSE, after securing an order worth nearly Rs. 29.5 crores from Haryana Vidyut Prasaran Nigam Limited.
With a market cap of Rs. 565.7 crores, at 11:12 a.m., the shares of Jost’s Engineering Company Limited were trading in the green at Rs. 566.9, up by nearly 3.4 percent, as compared to its previous closing price of Rs. 548.
What’s the news
According to the latest regulatory filings with the BSE, Jost’s Engineering Company Limited has received an order worth nearly Rs. 29.5 crores from Haryana Vidyut Prasaran Nigam Limited.
The order includes the supply of two Emergency Restoration System (ERS) sets, with a delivery timeline of 8 months from either the issuance of the Purchase Order or the approval of drawings/technical data, whichever is later. The delivery will take place in Haryana.
Previous News
9th December 2024: Jost’s Engineering Company Limited entered into a Joint Venture Agreement (JVA) with Kay Cee Energy & Infra Limited. On the same day, the joint venture company, named Suryavayu Renewable And Energy Solutions Private Limited, was officially incorporated.
The JV company was incorporated to undertake EPC projects in the power sector and to do business in the renewable energy sector.
The shareholding structure of the JV company is evenly divided, with Jost’s Engineering Company holding 50 percent of the equity share capital and Kay Cee Energy & Infra Limited owning the remaining 50 percent.
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Financials
Jost’s Engineering reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 52.7 percent, rising from Rs. 41 crores in Q2 FY24 to Rs. 62.6 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 2.2 crores to Rs. 5.13 crores, representing an impressive growth of around 133.2 percent YoY.
Stock Performance
The stock has delivered positive returns of nearly 74 percent of returns in one year, as well as around 19 percent returns in the last six months. Similarly, the shares of Jost’s Engineering have gained by around 0.3 percent in the last one month.
About the company
Incorporated in 1907, Jost’s Engineering Company Limited is primarily engaged in the business areas of manufacturing, trading and rental of material handling and engineering products.
Written by Shivani Singh
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