Business News: Gujarat Toolroom Limited has successfully executed an order worth Rs 55 crore.
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The order, constituting part of the company’s substantial Rs 300 crore order book for the next two quarters, reflects a profit of Rs 5.5 crore.
“We are pleased to announce a substantial enhancement in Gujarat Toolroom Limited’s revenue outlook. As of the present, our order book stands impressively at over Rs 300 crore, paving the way for a promising performance in the upcoming two quarters.
Anticipating a minimum bottom line of 9-10 per cent, this order book comprises diverse import-export orders from both domestic and international clients,” the company said in an exchange filing.
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According to an exchange filing, the order book of the company comprises of diverse import-export orders from both domestic and international clients and it anticipates a minimum bottom line of 9-10 per cent.
Meanwhile, Gujarat Toolroom Limited (GTL) has got a “BUY” rating from SEBI registered Research Analyst Nikhil Bhatt who has set an ambitious target of Rs 70+, signalling a strong vote of confidence in the company’s future trajectory.
Earlier, GTL ventured into the mining sector with the acquisition of 6 hectares of mines in Zambia.
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These mines, rich in copper, cobalt, gold, nickel, and more, are anticipated to yield a minimum annual revenue of Rs 700 crores once operational.
