Micro-Cap company specializing in renewable energy and infrastructure is in focus after it jumped up to 5 percent after receiving an order for the supply of high-efficiency smart solar panels.
Share Price Movement
With a market capitalization of Rs. 537 Crore, the stock of Aerpace Industries opened at Rs. 33.52 down 5 percent from yesterday’s close, and after opening, it made an intraday high of Rs. 36.99 up 4.84 percent.
Order Update
The company secured a major order for the supply of 100 MWp high-efficiency 595Wp TOPCon technology smart solar panels. The total value for the order is Rs. 136.55 Crores, this order marks a major achievement in the company’s renewable energy expansion.
The delivery of the 595 Wp TOPCon bifacial solar panels under this order is scheduled to begin from April 2025, as per the subsequent schedules and work orders issued by the client.
The company says that this order will strengthen its operational liquidity as it scales production and operations, and also contribute to the company’s top line for FY26.
Also read: Teerth Gopicon jumps 3% after receiving LoI from Rajasthan Govt for solar power plants
Financial Highlights
The company reported a 51.35 percent YoY decrease in total income from operations from Rs. 0.37 Crore in Q3FY24 to Rs. 0.18 Crore in Q3FY25. On a QoQ basis, the company reported a 96.44 percent increase in total income from operations from Rs. 0.09 Crore in the previous quarter.
Their Net loss increased from Rs. 0.24 Crore in Q3FY24 to Rs. 2.49 Crore for the same period. On a QoQ basis, the company reported an increase in Net loss from Rs 0.66 Crore in the previous quarter.
About the Company
Aerpace Industries Limited, formerly known as Supremex Shine Steels Limited, is an Indian company specializing in renewable energy and infrastructure. The company is developing all-electric air mobility transportation systems, including the aerVerse flying car ecosystem and aerDock, an AI-powered, fully automated docking station. Their aerial vehicle, aerWing, is designed for various applications such as passenger transport, personal travel, cargo transport, and emergency services.
Written By Abhishek Das
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