Ashish Kacholia-Backed Multibagger Defence Company Reports Strong Q1 FY25 Performance with Rs 2,286 Million Order Book, Equivalent to 2.15 Times FY24 Revenue!
The company’s shares have delivered a multibagger return of over 190 per cent to its shareholders in just 1 year.
Krishna Defence, a vertically integrated defence solutions provider known for its indigenously developed products, has announced a significant business update for Q1FY25. The company, which supplies both the Indian Navy and Army, along with serving the Defence, Homeland Security, and Dairy sectors, reported robust revenue growth for the quarter.
Revenue Highlights: In Q1FY25, Krishna Defence achieved a remarkable 181% increase in revenue compared to Q1FY24, reaching Rs 453.8 million, up from Rs 161.2 million in the same quarter last year. The Defence sector contributed a substantial 97% of the revenue, amounting to Rs 440.5 million, while the Dairy segment added Rs 13.3 million.
Open Order Book: As of June 30, 2024, the company reported an open order book worth Rs 2,286 million, equivalent to 2.15 times the FY24 revenue. This strong order pipeline highlights promising ongoing revenue opportunities.
New Product Development: Krishna Defence has entered into a strategic partnership with Vabo Composite, a Netherlands-based leader in innovative composite products. The Memorandum of Understanding (MoU) between the two companies focuses on manufacturing and supplying composite doors and hatches to the Indian Navy and the ASEAN market, both identified as significant growth areas.
New Approvals: The company has successfully obtained certifications from the American Bureau of Shipping (ABS) and Det Norske Veritas (DNV) for its steel sections. This achievement is set to expand Krishna Defence's market opportunities beyond naval applications, enhancing its presence in the global defence sector.
At the start of the day's trading session, shares of Krishna Defence opened at Rs 654 per share, compared to the previous day's closing figure of Rs 648.80 per share on the NSE. Finally, the shares are closed Rs 681.20 per share. The stock has rallied 5 per cent and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 957.70 crore. The shares have delivered a multibagger return of over 700 per cent in just 2 years.
Check out my recent article here.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.