Semiconductor Stock Hits Back-to-Back Upper Circuits, Company to Announce Q2 Results Next Week - Recently Secured Rs 439.90 Crore Order from Telecrown Infratech

The company’s shares have delivered a multibagger return of over 360 per cent to its shareholders in just 6 months.

This micro-cap semiconductor company's stock is hitting the back-to-back upper circuits. Today, the company announced that it will release Q2 FY25 results next Tuesday. Recently, the company also secured a significant work order from Telecrown Infratech Private Limited.

RRP Semiconductor Ltd has been awarded an order worth Rs 439.90 crore by Telecrown Infratech Private Limited, Pune, Maharashtra, for the supply and import of Silicon Solar Cells, Melted Silicon Crystals, and Polycrystalline Materials for the installation of Solar Power PV Modules at various locations in Maharashtra. The company is excited to embark on its new journey of importing Silicon Crystalline materials, especially for solar power modules, an area where India is a net importer. This strategic order marks RRP Semiconductor's entry into the Silicon Crystalline PV module market and allows for the expansion of its service offerings.

RRP Semiconductor Ltd further emphasizes its focus on building credibility in the solar and semiconductor sectors, particularly in the production of Silicon cells for both solar and semiconductor applications. The company is also exploring additional opportunities in OSAT, Chip on Glass, and NAND Flash memory modules. It believes that this partnership will play a key role in driving the company's growth and success.

Looking at the share performance, at the start of the day's trading session, shares of RRP Semiconductor Ltd opened at Rs 93.13 per share, compared to the previous day's closing figure of Rs 91.31 per share on the BSE. The shares rallied around 2 per cent and hit upper circuit back-to-back and finally, the shares closed at Rs 93.13 per share. The company's current market capitalization stands at Rs 126.86 crore. Additionally, the company’s shares have delivered over 320 per cent multibagger return in the past 3 months only.

As per the Quarterly Results in June 2024, RRP Semiconductor Ltd recorded a revenue of Rs 5.11 crore. The operating profit reported by the company was Rs 1.68 crore. The net profit stood at Rs 1.68 crore compared to a loss of Rs 0.07 crore. Looking at the annual performance, the company generated a revenue of Rs 0.38 crore in FY24. The operating profit for FY24 was Rs 0.11 crore with a net loss of Rs 0.02 crore compared to a net loss of Rs 0.07 crore in FY23.

Incorporated in 1989, RRP Semiconductor Ltd is engaged in the semiconductor and digital chip industry. The company operates within the electronics, information, and technology sectors, focusing on the production and distribution of semiconductors and digital chips. Previously, the company was involved in the finance sector; however, it has identified opportunities in the semiconductor and digital chip industry and is now focusing exclusively on this niche.

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Disclaimer: The article is for informational purposes only and not investment advice.