The revenue from operations came in at Rs 312.52 crore in the quarter as against Rs 240 crore reported in the corresponding quarter of the last year.
According to a BSE filing by the company, it has reported over 6 per cent jump in total income in the first quarter (Q1FY24) at Rs 27.3 crore. The small cap's net profit also increased to Rs 1 crore in the quarter.
According to an exchange filing, the quarterly net profit came stood at Rs 8.02 crore. It had posted a net profit on consolidated basis at Rs 4.48 crore, according to an exchange filing by the company.
The development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
The estimated project cost of targeted projects is about Rs 50 crore.
The coal supplies within a fortnight and will be completed by end of October, it said in an exchange filing.
Sensex climbs 300.1 points to 65,540.78 in early trade; Nifty advances 105.9 points,
According to an exchange, the board has approved the sub-division of equity shares in the ratio of 10:1 (ten for one).
The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, Ahmedabad-based digital transformation and technology services company said in a statement.
The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, the company said in a statement.
The NSE-listed solar products manufacturer has also informed about the new International Securities Identification Number (ISIN) code for its equity shares.
The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares through the book-building process.
Investors' wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalisation of BSE-listed firms also reached an all-time high of Rs 2,98,57,649. 38 crore on Tuesday.
The IPO has witnessed a significant jump in its Grey Market Premium (GMP), which currently stands at Rs 25 per share, indicating a positive market sentiment towards the issue.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high.
The category for non-institutional investors received 2.97 times subscription, while the portion for Qualified Institutional Buyers (QIBs) was subscribed 1.74 times and Retail Individual Investors' (RIIs) 96 per cent.
The total size of the public issue is 22. 80 lakh shares. The IPO aims to raise Rs 54. 04 crore. The issue comprises of fresh issue of 14. 80 lakh equity shares amounting to Rs 35. 08 crore and an offer for sale (OFS) of up to 8 lakh shares worth Rs 18.96 crore.
From the Sensex pack, Power Grid, UltraTech Cement, HDFC Bank, Wipro, HDFC, Hindustan Unilever, Larsen & Toubro, Tech Mahindra, Bajaj Finserv, Titan, Tata Consultancy Services, and Reliance Industries were the major gainers.
The company with a market cap of Rs 3,500 crore is mainly involved in the business of transportation, logistics, construction, oil and lubricants, coal mining among others.
The 30-share BSE index zoomed 466.95 points or 0.74 percent to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95 percent to 63,520.36.
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