Power stock hits 5% upper circuit after receiving order from Gujarat Govt

This Transmission company which primarily caters to clients in the field of the power sector is in focus after it hit 5 percent upper circuit following the reporting of a new order worth 6.91 Crore.

Share Price Movement

With a market capitalization of Rs. 444 Crore, the stock of Viviana Power Tech Limited opened at Rs. 680, up 0.89 percent from yesterday’s close, and after opening it hit an Upper Circuit of 707.70 up 5 percent. 

Order Update

The company has received an order from Gujarat Energy Transmission Corporation Limited (GETCO) worth Rs. 6.91 Crore. The company also mentioned that Gujarat Energy Transmission is already an existing Client. According to the company’s website, they have 9 ongoing projects with them.

Currently, the company has 15 Ongoing projects, and some prominent names that have given projects to this company are – Waree Renewable, Adani Infrastructure Management, Adani Road Transport, and Adani Green Energy.

Also read: Sectoral Indices that have entered Bear Market with fall of up to 32%

Financial Highlights

The company reported an impressive 156 percent YoY increase in revenue from Rs. 14.11 Crore in Q3FY24 to Rs. 36.12 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 10.42 percent in revenue from Rs. 32.71 Crore in the previous quarter.

Their Net profit saw an impressive increase of 152.05 percent YoY from Rs. 1.46 Crore to Rs. 3.68 Crore for the same period. On a QoQ basis, the company reported an increase of 6.05 percent in Net profit from Rs. 3.47 Crore in the previous quarter.

About the Company

Viviana Power Tech Limited is an Indian company specializing in power transmission, distribution, and electrical infrastructure solutions. Established in 2014 and headquartered in Vadodara, Gujarat, the company provides services such as the design, installation, testing, and commissioning of power transmission lines, substations, and distribution networks. It caters to state electricity boards, private power companies, and renewable energy developers, playing a crucial role in India’s power sector growth. 

Written By Abhishek Das

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