Upper circuit alert: This micro-cap stock surges 20 per cent on strong Q4 earnings!
Share price touches its new 52-week high.
Today, Revathi Equipment Ltd on a consolidated basis has reported robust Q4 results in its net profit to Rs 2.85 crore increased by 328.42 per cent as compared to Rs 0.66 crore in the same quarter last year. Net sales of the company increased by 231.45 per cent to Rs 125.38 crore as compared to Rs 37.79 crore in the same quarter last year.
Shares of Revathi Equipment Ltd locked in the upper circuit at Rs 1,683.70 increased by 20 per cent compared to the previous day’s closing of Rs 1,403.10 and touched a new 52-week high. The share price opened at Rs 1,683.70 and touched the same high and low of Rs 1,683.70.
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Revathi Equipment Limited is an Indian manufacturer of mining and construction equipment. The company was founded in 1996 and is headquartered in Hyderabad, Telangana. Revathi Equipment has a manufacturing facility in Hyderabad and a sales and service network across India.
The company's product portfolio includes blast-hole rigs, surface miners, wheel loaders, excavators, and dozers. Revathi Equipment's products are used in a variety of mining and construction applications, including coal mining, iron ore mining, quarrying, and road construction.
The company's customers include mining companies, construction companies, and government agencies. Revathi Equipment exports its products to countries in Africa, Asia, and the Middle East.