Anil Kumar Goel-backed Multibagger Solar Stock Hits Upper Circuit, Recently Secured Order Worth Rs 37,18,00,000 for 10 MW solar power projects!
The company’s shares have delivered an impressive return of over 140 per cent in just 6 months only.
Incorporated in 2013, Oriana Power Limited operates in two primary business segments: providing EPC services and operating solar power projects, as well as delivering solar energy solutions under a BOOT (build, own, operate, transfer) model.
Recently on July 29, the company secured an order from Stone and Mineral Industry worth Rs 37.18 crore for executing 10 MW solar power projects. The project is scheduled to be completed in the financial year 2024-25.
Currently, while writing the article shares of Oriana Power Limited are trading at around Rs 2030 per share. The company’s current market capitalisation stands at Rs 3895.79 crore. The stock has delivered a return of over 140 per cent in the past 6 months only.
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As per the Quarterly Results, in the fourth quarter of FY24, Oriana Power Limited recorded a revenue of Rs 319 crore. The operating profit for Q4 FY24 stood at Rs 69 crore. The net profit for Q4 FY24 was Rs 49 crore. Looking at the annual performance, the company generated a revenue of Rs 383 crore in FY24, compared to Rs 136 crore in FY23. The operating profit for FY24 was Rs 54 crore with a net profit of Rs 11 crore.
Oriana Power offers low-carbon energy solutions, which involve on-site solar project installations i.e., rooftop and ground-mounted systems, and off-site solar farms i.e. Open access.
Ace Investor Anil Kumar Goel owns a 2.09 per cent stake in the company as per the latest update.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.