DSIJ Mindshare

In the quarterly results (Q1) ended June 30, 2023, the net sales increased by 6 per cent to Rs 4,245 crore, the operating profit increased by 13 per cent to Rs 438 crore and the net profit increased by 11 per cent to Rs 224 crore in Q1FY24 over Q1FY23.

In terms of market breadth, approximately 339 stocks were advancing, while around 1574 stocks were declining. This distribution highlights the prevailing negative sentiment within the broader market.

Annual Results: The net sales increased by 179.98 per cent to Rs 643.79 crore, the operating profit increased by 91.67 per cent to Rs 211.74 crore and the net profit increased by 153.5 per cent to Rs 109.63 crore in FY23 compared to FY22.

Previously, the company emerged as the winner in the Gujarat Urja Vikas Nigam Limited (GUVNL) tender for the development of the Solar Photovoltaic Power Project. The aggregate order size is 200 MW AC (240 MW P)

The stock has witnessed significant buying activity surging more than 70 per cent in the last 1 year. 

Shares of the company have gained more than 35 per cent in the last six months.