Debt-Free Solar Stock Bags Order Worth Rs 8,00,00,000 from Gujarat Energy Development Agency; Stocks Hits Upper Circuit Today!
The company’s shares have delivered an impressive multibagger return of over 100 per cent in just 1 year.
Incorporated in 2017, Ahasolar Technologies Limited operates in the CleanTech sector, facilitating the energy transition through digital transformation.
Ahasolar Technologies Limited has bagged a consultancy contract from the Gujarat Energy Development Agency (GEDA) for the feasibility study and site survey of solar rooftop systems on government buildings across Gujarat. The consultancy service is valued at approximately Rs 8 crore and is scheduled for completion within 9 months.
Today Ahasolar Technologies Limited shares closed the day at around Rs 442.25 per share. The company’s current market capitalization stands at Rs 136.31 crore. Additionally, the shares have delivered an impressive multibagger return of over 100 per cent in just 1 year.
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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.
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.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.