Aaron Industries Limited

Aaron Industries bags new order and delivers the highest-ever profit in FY24

The company’s profitability improved in Q4 compared to the previous period, reflecting greater operational efficiency.

Category: Stocks

Aaron Industries Limited has received a new work order worth Rs 2.74 crore, giving a significant boost to the company’s order book and showcasing client confidence. This win contributes to their revenue growth for the current year and strengthens their market position within the domestic market, particularly after securing the project from a well-regarded company like Palex Laminate Private Limited. Fulfilling this order efficiently will optimize production processes, improve margins, and potentially lead to future collaborations with Palex Laminate. Overall, this win signifies a positive step forward for Aaron Industries.

Financial Performance

In Q4FY24, the company posted 18.76% growth in its revenue at Rs 19.08 crore compared to Rs 16.07 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 3.72 crore, while the PAT of the company stood at Rs 2.33 crore, from Rs 1.66 crore, last year same quarter. The company’s profitability improved in Q4 compared to the previous period. EBITDA and PAT margins rose, reflecting greater operational efficiency. In FY24, the posted strong performance and achieved its highest-ever net profit.

Business Overview

Aaron Industries Limited specializes in the elevator industry, focusing on both the manufacturing of elevators and the production of elevator parts. With two well-equipped units strategically located in Surat, Gujarat, Aaron has established itself as a key player in the region, providing quality elevator solutions to its clients. In addition to manufacturing units, Aaron has expanded its operations with a branch in Ahmedabad, Gujarat, further strengthening its presence in the western part of India.

Stock Price Movement

Today, the stock opened at Rs 271.85, with a high and low of Rs 284.70 and Rs 265.00, respectively. The stock is currently trading at Rs 276.10, which increased by 3.60%. The stock has a 52-week high of Rs 326.40 and a 52-week low of Rs 211.00.

The stock has shown impressive growth, and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.