FIIs Bought 7,75,806 Shares: This Solar Power Generation Company Announces 3 MW Expansion in Karnataka, Increasing Capacity to 40 MW!
The company’s shares have delivered an impressive return of over 245 per cent in the past 3 years.
Incorporated in 1993, this Small-Cap company operates in cement manufacturing and trading, coal and petroleum product trading, and solar energy generation and distribution.
As per the recent update, the company has announced that it will be commissioning an additional 3 MW solar plant at Biserahalli, Koppal District, Karnataka. This expansion will increase the company’s total solar plant capacity to 40 MW.
SKCIL is actively involved in cement production and distribution. The company supplies cement under three regional brands—Jyoti Power, Jyoti Gold, and Keshav Cement—to North Karnataka, Coastal Karnataka, Goa, and parts of Maharashtra.
On Friday, the shares of Shri Keshav Cements and Infra Ltd closed at around Rs 215 per share on the BSE. The company’s current market capitalization stands at Rs 376.52 crore.
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As per the Quarterly Results, in the Q1 FY25, Shri Keshav Cements and Infra Ltd recorded a revenue of Rs 30.44 crore compared to Rs 31.27 crore. The operating profit stood at Rs 8.06 crore. The net profit stood at Rs 1.78 crore compared to a profit of Rs 2.67 crore. Looking at the annual performance, the company generated a revenue of Rs 126 crore in FY24. The operating profit for FY24 was Rs 39 crore with a net profit of Rs 9 crore compared to a net profit of Rs 3 crore in FY23. FIIs bought a stake in the company for the first time ever and currently, it holds 4.43 per cent.
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Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.