This Solar Tech Company Bags Order Worth Rs 35,00,000 from Gesellschaft für Internationale Zusammenarbeit GmbH; Stock Gains Over 110 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 110 per cent to shareholders.
Ahasolar Technologies Limited has secured a work order from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to develop an intuitive Rooftop Solar Feasibility Portal and voice assistance/chatbot for the BYPL website. The consultancy services for this project are valued at approximately Rs 35 lakhs, with a specified completion timeframe of eight months.
Incorporated in 2017, Ahasolar Technologies Limited operates within the CleanTech sector, facilitating the transition to sustainable energy through digital innovations. The company's operations span several key segments: providing software solutions tailored for solar PV installers and governmental bodies, offering advisory and technical consultancy services for the development of solar power plants, and managing a marketplace connecting solar PV installers with manufacturers. With a significant footprint across India, Ahasolar Technologies Limited plays a pivotal role in advancing the solar ecosystem.
Share Performance:
Today Ahasolar Technologies Limited shares closed the day at Rs 337 per share. The company’s current market capitalization stands at Rs 103.61 crore. The stock has delivered a multibagger return of over 110 per cent compared to its final IPO price of Rs 157 each.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Ahasolar Technologies Limited reported a revenue of Rs 29.16 crore and an operating profit of Rs 0.64 crore. The operating profit margin for the quarter stands at 2.19 per cent. The company’s net profit stood at Rs 0.81 crore. In FY24, the company reported a revenue of Rs 42.04 crore compared to Rs 20.87 crore and a net profit of Rs 0.04 crore, compared to a profit of Rs 1.60 crore in the previous year.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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