450% return in a year: This multibagger electrical equipment stock bags new order worth ₹17.07 crore!

Recently, the company secured a substantial contract under the Mukhya Mantri Ujjwal Jharkhand Yojana worth ₹28.41 crore aimed at electrifying rural households in Jharkhand.

Power & Instrumentation (Gujarat) Limited has secured a significant work order valued at ₹17.07 Crores (including taxes) from A2 Green Energy Private Limited (formerly known as Hydel Consultants Private Limited). This order entails the comprehensive responsibility of supplying, installing, testing, and commissioning plant and equipment for a 5 MW (AC) Solar Power Project located in Latur District, Maharashtra. The project is to be executed domestically within an 18-month timeframe, with a phased completion schedule. The first phase, encompassing 75% of the contract value, is to be completed within 12 months, followed by the remaining 25% within the subsequent six months. This order underscores the company's continued growth in the renewable energy sector and strengthens its position in the Indian solar power market.

The company posted robust quarterly results. The revenue of the company for Q2FY25 stood at ₹54.93 crore which increased by 125.72% YoY. The operating profit of the company stood at ₹6.04 crore. The PAT of the company stood at ₹3.89 crore, representing an increase of 180.13% YoY.

Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical equipment. The company provides EPC solutions for Electrical requirements. It is a domain specialist in electrical installations, maintenance, and repairs and offers services in electrical contracting, Indoor substation, field services, generator sales and service, etc. It also provides design, installation, maintenance, and repairs for energy-efficient power and distribution transformers, generators, load banks, compressors, etc. The stock has also delivered multibagger returns in the last one year.

Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice.