Shiva Texyarn Ltd stock rose by 11.92 percent on January 3 following a significant order win from the Indian Air Force. The total order value of this order is Rs 36.19 crore (inclusive of all duties and taxes).
As per an exchange filing, the contract by the Dept of Military Affairs is for the supply of 16,000 pairs of NBC (Nuclear, Biological, and Chemical) Suits, Permeable MK V. The delivery of these specialised suits is scheduled to be completed between January 3, 2025, and August 31, 2025.
As per a statement by the company, this order is a testament to Shiva Texyarn's expertise in manufacturing protective gear and its ability to meet the stringent requirements of the Indian Armed Forces. The company confirmed that this order does not fall under related party transactions.
For Q2FY25, the company had registered net sales of Rs 95.19 crore, down by 3.59 percent from Rs. 98.73 crore in September 2023. Meanwhile, quarterly net profit stood at Rs. 2.52 crore, up by 187.5 percent from corresponding quarter of FY 2024, at Rs. 2.88 crore. EBITDA stood at Rs. 10.13 crore, up by 75.56 percent from Rs. 5.77 crore in September 2023.
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