NSE SME listed Trom Industries has reported a 109 percent jump in net profit to Rs 4.13 crore in the April-September quarter of 2024-25 driven by strong order inflow.
The Gujarat-based company had reported a net profit of Rs 1.97 crore in the year-ago period, according to an exchange filing.
The Solar projects EPC services provider reported a 98.67 percent rise in revenue to Rs 46.23 crore for the half year ended in September 2024 compared to Rs 23.27 crore in the year-ago period. Companies listed on the SME Exchange are required to publish their financial results every six months.
Focused approach and cost consciousness have led to yet another record profitable period, the company said.
Trom Industries, which is listed on the NSE SME platform, recently bagged a work order worth Rs 33 crore from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies.
“The company was awarded solar projects contracts worth Rs 3310 lacs from Gujarat Metro Rail Corporation Limited (GMRC) and Corona Remedies Pvt. Ltd. Focused approach has driven growth over the period and cost consciousness has led to deliver yet another record profitable quarter,” stated Jignesh Patel, Managing Director, Trom Industries.
The company provides engineering procurement and construction services for residential solar rooftop systems, industrial solar power plants, ground-mounted solar power plants and others.
Shares of the company settled higher in Thursday’s trade at Rs 250 per share on the NSE, up 10.72 percent.
