Power Transformer Company Bags Order Worth Rs 3,41,00,000 from Seshasayee Paper, Complete Details Inside!
The company’s shares have delivered an impressive return of around 70 per cent to its shareholders in the past 6 months.
Incorporated in 1994, Supreme Power Equipment Limited specializes in the manufacturing, upgrading, and refurbishment of various types of transformers, including power transformers, generator transformers, and windmill transformers.
On August 19, 2024, the company secured a new order worth around Rs 3.41 crore from Seshasayee Paper and Boards Limited, a prominent paper mill company, for the refurbishment of existing power and distribution transformers. The contract is scheduled to be executed within a timeframe of 3-4 months.
On Monday, the shares of Supreme Power Equipment Limited closed at around Rs 272 per share on the NSE. The company’s current market capitalization stands at Rs 679.76 crore.
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As per the Quarterly Results, in the Q1 FY25, Supreme Power Equipment Limited recorded a revenue of Rs 27.52 crore compared to Rs 27.24 crore. The operating profit stood at Rs 5.81 crore. The net profit stood at Rs 3.48 crore compared to a profit of Rs 2.85 crore. Looking at the annual performance, the company generated a revenue of Rs 113 crore in FY24. The operating profit for FY24 was Rs 100 crore with a net profit of Rs 14 crore compared to a net profit of Rs 11 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 56.56 per cent stake. Public investors own 30.02 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 3.87 per cent and Domestic Institutional Investors (DIIs) own 9.55 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.