Under Rs 30: Electricity Transmission Line Company Secures Order Worth Rs 105.57 Crore, Stock Gains Over 200 Per cent in Just 1 Year!

The company’s shares have delivered an impressive return of over 200 per cent to its shareholders in the past 1 year only.

Incorporated in 1974, Jyoti Structures is a company engaged in the electricity transmission, distribution, and substation sectors. The company has recently secured an order from a leading private developer for the supply of towers for a 765 kV transmission line in Gujarat. The contract, valued at Rs 105.57 crore, including GST, involves the supply of towers for a 765 kV DC transmission line project, with a completion period of 10 months.

Currently, the shares of Jyoti Structures are at around Rs 29.80 per share on the BSE. The company’s current market capitalization stands at Rs 2596.54 crore. Additionally, the shares have delivered a multibagger return of over 200 per cent in just 1 year.

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As per the Quarterly Results, in the Q1 FY25, Jyoti Structures recorded a revenue of Rs 88.29 crore. The operating profit stood at Rs 5.74 crore resulting in a margin of 6.50 per cent. The net profit stood at Rs 5.09 crore. Looking at the annual performance, the company generated a revenue of Rs 451 crore in FY24. The operating profit for FY24 was Rs 17 crore with a net profit of Rs 29 crore compared to a net loss of Rs 4 crore in FY23.

According to the shareholding pattern of the company, the public investors hold a significant 96.55 per cent stake, while Foreign Institutional Investors (FIIs) hold 0.62 per cent and Domestic Institutional Investors (DIIs) own 2.83 per cent.

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Disclaimer: The article is for informational purposes only and not investment advice.