Vadodara-based engineering company Jyoti Ltd is poised for a rapid growth following the remarkable turnaround that it has shown in the last couple of years. The company undertook a major financial restructuring programme and has emerged successfully wiping out all its accumulated losses and is well on the way for registering substantial growth.
In the last five years, the company has grown substantially at compounded rate of 28% in sales and has clocked net sales of Rs291.10 crore for financial year 2010. The net profit for FY10 was Rs8.07 crore, which is considerably higher by 74% as compared to previous year.
The company is now targeting a turnover of Rs400 crore in FY11; Rs520 crore in FY12 and Rs650 crore in FY13, with commensurate increase in net profit. It is confident of achieving these targets on account of the extremely healthy order book position which currently stands at Rs1,023 crore.
On Friday, Jyoti’s shares ended 2.39% up at Rs77 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.84% up at 17,064.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
