Solar Manufacturer Secures Orders Worth Rs 27.05 Crore: Stock Soars Nearly 900 Per cent, Q2 FY25 Profit Surges Over 330 Per cent
The company’s profit doubled in FY24 while surged 6 times in the past 4 years only.
This Small-Cap solar company has secured new purchase orders worth Rs 27,05,08,370 from a client for the supply of APS Solar Panels and APS Solar Inverters. The order includes:
i. 540WP APS Mono Bifacial Solar Panels (Non-DCR)
ii. 540WP APS Mono Bifacial Solar Panels (DCR)
iii. 580WP APS Topcon Solar Panels (Non-DCR)
iv. APS Solar Inverters
Incorporated in 2013, Australian Premium Solar (India) Limited is a small-cap company 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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Today the shares of Australian Premium Solar (India) Limited closed at around Rs 539 per share. The company’s current market capitalization stands at Rs 1065 crore. Additionally, the shares have delivered a multibagger return of around 900 per cent compared to the final IPO price of Rs 54 each.
The company’ doesn’t provide Quarterly Results while as per half yearly results in September 2024, Australian Premium Solar (India) Limited recorded a revenue of Rs 164 crore from Rs 81 crore. The operating profit stood at Rs 19 crore. The net profit stood at Rs 13 crore compared to a profit of Rs 3 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 representing a gain of 100 per cent YoY.
Investors must keep this company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.