Shares of Supreme Power Equipment Limited have shown strong upward movement today following the company’s announcement of securing a new work order worth ₹3.63 crore from TRANTRANSCO. The order, which involves the supply and erection of power transformers, is set to be completed within three months.
The company also reported impressive financial results, with its revenue rising by 12%, from ₹49 crore in Q2FY24 to ₹55 crore in Q2FY25. Net profit surged by 17%, increasing from ₹6 crore to ₹7 crore during the same period, highlighting solid growth and financial health.
Despite a 30% decline in its stock price over the past six months, the company has seen a remarkable 116% return over the last year. For shareholders, an investment of ₹1 lakh made ten months ago is now valued at ₹2.16 lakh.
Supreme Power Equipment has been a key supplier of transformers to various industries, including the local public power utilities and the wind energy sector. The company has also delivered transformers to Gamesa Spain for solar energy projects in India. Its transformer range spans from 16KVA to 25MVA/110KV, with power capacities ranging from 1250KVA/22KV to 6000KVA/33KV.
The company’s production facility, located at Thirumazhisai in Thiruvallur, Chennai, spans over 17,876 square meters. The use of modern machinery and technology at this facility has helped reduce transformer manufacturing costs, improving the company’s competitive edge.
