Electrical & Fire-Fighting Solutions Provider Secures Work Orders Worth Rs 4,37,68,117 from Multiple Clients, Including DMart, Stock Hits Upper Circuit Today
This Small-Cap company is a provider of electrical and fire-fighting solutions. The company offers a range of services, including electrical solutions, electrical panels, solar EPC contracts, turnkey electrical warehousing projects, commercial and industrial electrical services, maintenance, electrical contracting, and data and voice cabling installation. These services cater to various sectors, including industrial, commercial, retail, and theater.
Rulka Electricals Limited has secured new orders from various clients, amounting to Rs 4,37,68,117. These orders include electrical work for Avenue Supermarts Ltd (DMart) in Bhiwandi, Maharashtra, valued at Rs 3,44,87,627, and firefighting work for the same client in Bhiwandi, Maharashtra, valued at Rs 24,10,742. Additionally, the Company has received orders for firefighting work at Indospace Industrial Park Badli Pvt. Ltd. in Badli, Haryana, totaling Rs 31,80,26,249, civil work for Palra Estate Private Limited in Kulana, Haryana, worth Rs 1,70,67,500, and electrical work for Runwal Construction Private Limited in Mulund, Mumbai, valued at Rs 37,76,000. The Company plans to complete the execution of these orders within the current financial year, reflecting substantial growth and a strong pipeline of projects.
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Today, shares of Rulka Electricals Limited hit the upper circuit and are currently at around Rs 480.90 per share. The company’s current market capitalization stands at Rs 205 crore.
As per the Quarterly Results, in Q4 FY24, Rulka Electricals Limited recorded a revenue of Rs 34.55 crore. The operating profit for Q4 FY24 stood at Rs 4.83 crore. The net profit for Q4 FY24 stood at Rs 3.72 crore compared to a profit of Rs 2.39 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 70.98 crore in FY24. The operating profit for FY24 was Rs 8.89 crore with a net profit of Rs 6.11 crore compared to a net profit of Rs 2.81 crore in FY23.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.