DSIJ Mindshare

The company reported amazing numbers in quarterly results (Q1FY24) and annual results (FY23). As of June 30, 2023, the company order book stands at Rs 1,980 crore (Forming a healthy order book of 3.02x FY23 EPC revenues).

According to the quarterly results (Q1FY24), the company reported a net sales of Rs 59.65 crore, an operating loss of Rs 4.25 crore and a net loss of Rs 9.41 crore. In FY23, net sales increased by 62.85 per cent to Rs 513 crore compared to net sales of Rs 315 in FY22. The company reported a net profit of Rs 3 crore in FY23 compared to a net loss of Rs 25 crore in FY22.

Shares of the company gained more than 50 per cent in the last six months.

Earlier, the company announced its quarterly results wherein the net sales increased by 49.14 per cent to Rs 297.18 crore and the net profit skyrocketed by 145.36 per cent to Rs 24.65 crore in Q1FY24 compared to Q1FY23. Additionally, the company's order book stood as of June 30, 2023, the order book has grown to Rs 3,000.40 crore. This represents a growth of 13.30 per cent over the three-month period.

The company has a market cap of Rs 7 crore. According to the shareholding pattern, promoters hold a majority stake of 55.40 per cent, followed by DIIs with 0.08 per cent. The remaining 44.52 per cent is held by the general public.