Shares of Surya Roshni Ltd rallied 5% on 13 February after the company announced securing an order worth Rs 94 crore.

In its regulatory filing, the company announced that it had received an order worth Rs 94.75 crore for the supply of MS Coated pipes (Spiral welded) from domestic undertakings.

The company has received orders for a total aggregate of Rs 214.46 crore during this week, including an order amounted to Rs 119.71 crore for the supply of MS Coated Pipes that has to be executed in 12 weeks.

In its quarterly earnings for October-December, the company reported an 18% year-on-year increase in its net profit to Rs 90 crore for the quarter from Rs 76 crore reported in the same quarter last year.

The revenue from operations for the quarter stood at Rs 1,938 crore, marking a 1.15% YoY increase from Rs 1,916 crore reported in the same quarter of the previous fiscal year.

As of 31 December 2023, the company’s order book stands at Rs 850 crore in hand for API, Exports and Actual Users, which provides good revenue visibility over the short to medium term.

At 3:30 pm, the shares of Surya Roshni closed 4.32% higher at Rs 639 on NSE.