Debt-Free Solar Stock Hits Back-to-Back Upper Circuit for 4 Days; Company Bags Order Worth Rs 8,85,00,000 in July; Must Watch!
The company has bagged order Worth Rs 8,85,00,000 in the month of July.
Incorporated in 2017, Ahasolar Technologies Limited operates in the CleanTech sector, facilitating the energy transition through digital transformation. In July, the company bagged 3 orders from various clients worth Rs 8.85 crore and the names of the clients are Goa Costal and Environment Management Society (GC&EMS), HPCL Renewable and Green Energy Limited, and Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The highest valued order was from Goa Costal and Environment Management Society for the development of a Unified Single Window Portal on Software as a Service (SaaS) Mode from Goa Costal and Environment Management Society (GC&EMS) worth Rs 8 crore on July 7.
On Friday Ahasolar Technologies Limited shares closed the day at around Rs 401.15 per share. The company’s current market capitalization stands at Rs 123.65 crore.
As per the Quarterly Results, in the fourth quarter of FY24, Ahasolar Technologies Limited recorded a revenue of Rs 29.16 crore. The operating profit for Q4 FY24 stood at Rs 0.64 crore. The net profit for Q4 FY24 was Rs 0.81 crore. Looking at the annual performance, the company generated a revenue of Rs 42.04 crore in FY24, compared to Rs 20.87 crore in FY23. The operating loss for FY24 was Rs 0.12 crore with a net profit of Rs 0.04 crore.
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The business of Ahasolar Technologies Limited spans across several key segments. Firstly, it specializes in developing software tailored for Solar PV installers and government agencies, facilitating efficient management and operation in the solar energy sector. Secondly, the company offers advisory and technical consultancy services aimed at supporting the development of solar power plants, ensuring optimal project implementation and performance. Additionally, it operates a nationwide marketplace that connects Solar PV installers and manufacturers, playing a significant role in enhancing the solar ecosystem across India.
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Disclaimer: The article is for informational purposes only and not investment advice.