3 weeks ago
Krystal Integrated Services jumps 4% on ₹740 crore Maharashtra order
There is a company called Krystal Integrated Services that helps build important things like water cleaning plants and sewer pipes.
The government of Maharashtra asked the company to do a big job cleaning water in two cities, Pune and Nagpur.
This job is worth 740 crore rupees, which is a huge amount of money.
Because the company got this big order, people who own parts of the company became happy.
The price of the company's shares went up by about 4 percent.
The work orders were announced on 10 August, and the shares jumped on 11 August.
The job will take two years to finish.
The company also shared how it is doing with money.
It made more money this year than it did last year, which is a good sign.
The company's leader, Sanjay Dighe, says there may be even more jobs coming in the future.
Krystal Integrated Services shares jumped 4.14% on NSE after the company received two new orders worth ₹740 crore from the Government of Maharashtra.
The EPC work orders cover development of Sewage Treatment Plants and sewer networks for the Pune and Nagpur revenue divisions under the Swachh Maharashtra Mission (U) 2.0.
The company holds a 40% stake in the 'LC Infra – Krystal Consortium', with LIPPL as Lead Member, and both contracts have a two-year tenure.
In Q1 FY27, revenue from operations rose 11.65% year-on-year to ₹3,607.10 million, while PAT increased 6.30% to ₹173.62 million.
CEO Sanjay Dighe said the opportunity pipeline has expanded significantly across government and corporate segments, which should strengthen the order book.
Annual revenue grew from ₹711.00 crore in FY23 to ₹1,277.28 crore in FY26, reflecting 3.9% year-on-year growth based on latest annual figures.
- Who
- Krystal Integrated Services, a small-cap company, its CEO Sanjay Dighe, and the Government of Maharashtra's Urban Development Department.
- What
- Received two EPC work orders worth ₹740 crore for sewage treatment plants and sewer networks, and reported Q1 FY27 financial results; its stock jumped 4.14%.
- Where
- Revenue divisions of Pune and Nagpur, Maharashtra, India; shares traded on NSE.
- When
- Orders announced in an exchange filing dated 10 August; the stock surge occurred on Tuesday, 11 August.
- Why
- The new government orders are expected to expand the company's order book and support continued revenue growth.
Key facts
- Stock gain
- 4.14% on NSE
- Contract value
- ₹740 crore (inclusive of GST)
- Consortium share
- 40% (LC Infra – Krystal Consortium)
- Contract tenure
- Two years
- Order scope
- Sewage Treatment Plants (STPs), I&D and sewer network on EPC basis
- Project locations
- Pune and Nagpur revenue divisions, Maharashtra
- Q1 FY27 revenue
- ₹3,607.10 million (up 11.65% YoY)
- Q1 FY27 PAT
- ₹173.62 million (up 6.30% YoY)
Quotes
Sanjay Dighe
CEO & Whole Time Director of Krystal Integrated Services
“As we enter FY27, we are seeing a significant expansion in our opportunity pipeline across both government and corporate segments.”
livemint.com
Sources
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