Solar Company Secures Back-to-Back Orders Worth Rs 26,82,98,150 in Just 2 Days, Stock Hits Upper Circuit on Friday!
The company’s shares have delivered an impressive return of over 60 per cent to its shareholders.
Australian Premium Solar (India) Limited has secured significant new orders recently. On August 9, 2024, the company received purchase orders worth Rs 11,35,14,150 from a client for the supply of various solar PV modules. These orders are scheduled to be fulfilled within 40 to 50 days.
The following day, August 10, 2024, the company obtained additional purchase orders totalling Rs 15,47,84,000 from another client. This order includes solar products such as mono panels and Topcon BF 580 WP for Rocks Forever, with a delivery timeframe of 45 to 60 days.
Incorporated in 2013, Australian Premium Solar (India) Limited is engaged in manufacturing both monocrystalline and polycrystalline solar modules. The company also offers engineering, procurement, and construction (EPC) services tailored for residential, agricultural, and commercial sectors.
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On Friday, shares of Australian Premium Solar (India) Limited closed at around Rs 479.25 per share and hit the upper circuit. The company’s current market capitalization stands at Rs 946.04 crore. Additionally, the shares have delivered a return of over 60 per cent in the past 6 months.
As per the Quarterly Results, in Q4 FY24, Australian Premium Solar (India) Limited recorded a revenue of Rs 69 crore from Rs 47 crore. The operating profit for Q4 FY24 stood at Rs 5 crore. The net profit for Q4 FY24 stood at Rs 4 crore compared to a profit of Rs 2 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 150 crore in FY24. The operating profit for FY24 was Rs 9 crore with a net profit of Rs 6 crore compared to a net profit of Rs 3 crore in FY23.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.