Stock under ₹80 jumps after receiving ₹10 Cr order from GVPR Engineers

During Thursday’s morning trading session, the shares of a company engaged in manufacturing electrical and hydraulic engineering equipment surged 2.5 percent on BSE, after receiving an order worth nearly Rs. 10 crores from GVPR Engineers Ltd., Hyderabad. 

Price Movement

With a market cap of Rs. 125.04 crores, the shares of Jyoti Limited surged by 2.5 percent to hit an intraday high at Rs. 75.22 on BSE, as against its previous closing price of Rs. 73.38.

The stock has delivered positive returns of nearly 53.5 percent over one year, while around 2.5 percent of negative returns in one month.

What’s the news

According to the latest regulatory filings with the BSE, Jyoti Limited has secured an order for a total value of approx. Rs. 10 Crores from GVPR Engineers Ltd., Hyderabad. The delivery timeline is 20-24 weeks from the date of manufacturing clearance provided by GVPR Engineers Ltd.

The order includes the design, manufacturing, and supply of six pump sets equipped with HT motors (2.8 MW & 3.7 MW ratings), a forced water system, spare parts, and other associated accessories. These will be supplied for a project located in Pipalkhunt, Rajasthan.

Also read: Infra stock under ₹60 jumps 11% after receiving ₹260 Cr order from Border Roads Org

Previous Orders

20th December 2024: Jyoti Limited’s Switchgear Division received an order valued at nearly Rs. 32.89 crores for the supply of 420 units of 11 KV VCB Panels from Gujarat Energy Transmission Corporation Limited, Vadodara.

27th January 2025: Jyoti Limited has secured a Letter of Award (LoA) valued at nearly Rs. 40 crores from Karan Development Services Private Limited, based in Gwalior, Madhya Pradesh. The project is scheduled for completion by 23rd January 2027.

The order involves the design, manufacturing, supply, installation, testing and commissioning of Electro-Mechanical (E&M) works for the Hydro Electric Project (5×5000 KW+ 10% COL), located in Madhya Pradesh.

Financials

Jyoti Limited reported a significant rise in revenue from operations, experiencing a year-on-year increase of nearly 24.4 percent, rising from Rs. 41.8 crores in Q3 FY24 to Rs. 52 crores in Q3 FY25.

Similarly, during the same period, the company’s net profit increased from Rs. 1.12 crores to Rs. 4 crores, representing an impressive rise of around 257 percent YoY.

About the company

Jyoti Limited, a leading Engineering Company, is principally engaged in the business of designing and manufacturing a wide range of pumps and EPC pumping systems from concept to commissioning.

The company is engaged in offering hydraulic and electrical products and services serving the core sectors of power and water.

Written by Shivani Singh

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