Trishakti Inds jumps on bagging Rs 2.5 crore contract
Trishakti Industries jumped 8.30% to Rs 139 after the company announced securing a contract from Tuaman Engineering.
As per the agreement, Trishakti Industries will deploy advanced earth-moving machinery valued at Rs 2.5 crore for the erection and commissioning of a steel plant. The execution is set to begin within two weeks and will run over a 12-month period.
Trishakti Industries is a leading infrastructure solutions provider in India, with a specialization in the rental and leasing of heavy earth-moving equipment.
The contract announcement comes just a day after the company posted its Q4 FY25 earnings on 28 April 2025. On a consolidated basis, net profit skyrocketed 519.05% YoY to Rs 1.30 crore, even as net sales declined 96.19% to Rs 2.05 crore in Q4 March 2025 compared to the same period last year.
Sequentially, the company reported a staggering 6400% jump in net profit and a 116% rise in net sales compared to Q3 December 2024.
Dhruv Jhanwar, chief executive officer of Trishakti Industries, stated, "Our outstanding Q4 FY25 results highlights the success of our strategic shift towards high margin heavy equipment hiring. Our Rs 488+ million CAPEX investments have significantly expanded our fleet of cranes, man-lifters and earth-moving equipment, better positioning us to serve India's growing infrastructure sector. With strong visibility on future contracts and 100% fleet utilization, we are confident of sustaining this momentum into FY26, aiming for consistent growth in Revenue, EBITDA and Shareholder value. Looking ahead, we are targeting a fresh CAPEX of Rs 1,000 million in FY26 to further expand our fleet, while driving sustained Revenue growth and Improved operating margins as we capitalize on the robust infrastructure demand."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
29 minutes ago
- Time of India
Elon Musk's Tesla to open first showroom in India in July: Know city, EV models, price and more
The world's richest person, Elon Musk, is finally bringing Tesla to India. The electric vehicle giant is all set to open its first Tesla showroom in India this July, with Mumbai being the chosen city. After years of speculation and delays, this move marks Tesla's official entry into the Indian market, which is the third-largest car market in the world. Tesla's First Showroom in India to Open in Mumbai According to a Bloomberg report, Tesla is opening its first retail showroom in Mumbai, Maharashtra, in July. This marks a major step by Elon Musk to introduce Tesla cars in India. A second showroom is also reportedly in the pipeline for New Delhi, further strengthening the company's presence in the country. Tesla Starts Importing Model Y and Components Tesla has already begun importing the first batch of its Model Y electric SUVs along with spare parts, Supercharger units, accessories, and Tesla-branded merchandise. These items are being shipped from the United States, China, and the Netherlands, showing the brand's serious intentions to build a solid infrastructure here. The Model Y, currently the world's best-selling Tesla car, has arrived from Tesla's Gigafactory in Shanghai. Five rear-wheel drive units have been shipped to Mumbai, with each car valued at around Rs 27.7 lakh (approximately $31,988). Due to India's high import taxes, each car attracted over Rs 21 lakh in duties. This aligns with the country's 70% import tax on fully built electric vehicles (CBUs) priced under $40,000. Tesla Model Y India Price to Be Higher Than in the US In India, the Tesla Model Y is expected to cost over $56,000, excluding taxes and insurance. This is a lot more than its US base price of $44,990 (or $37,490 after government incentives). The steep price could be a challenge in India, where most buyers are price-conscious and value affordability over luxury. Can Tesla Succeed in India's Price-Sensitive Market? Electric vehicles (EVs) currently make up only about 5% of new passenger car sales in India. Of these, luxury cars form less than 2% of the total. This means Tesla will have to work hard to gain traction in a market where price plays a major role in buying decisions. However, despite these challenges, Elon Musk and Tesla seem confident about the Indian EV future. Earlier delays were mainly due to disagreements over high import taxes and the demand for setting up a local manufacturing plant. But now, Tesla is moving ahead with its India plans. Tesla Hiring and Expanding Infrastructure in India Tesla currently does not have an official country head after the exit of Prashanth Menon. However, the company is actively hiring for roles in retail, charging infrastructure, and public policy. It's also setting up warehousing operations in Karnataka and increasing its storage capacity near Gurugram, close to Delhi, to support its growing logistics needs. What This Means for Indian Car Buyers With Elon Musk's Tesla stepping into India, car buyers who have been waiting for high-performance electric vehicles now have a new option. The arrival of the Tesla showroom in India and the Model Y gives Indian consumers access to cutting-edge EV technology. However, unless Tesla finds a way to reduce costs—either by local production or reduced duties—it may remain a niche brand for now. Elon Musk's Tesla opening a showroom in India is a major moment for the country's electric vehicle market. Starting with Mumbai, and soon expanding to New Delhi, Tesla is making its presence felt. While the high price of a Tesla car could be a hurdle, the company's long-term success will depend on how well it adapts to Indian conditions and consumer expectations. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
News18
43 minutes ago
- News18
FASTag Annual Pass: How To Apply For Unlimited Toll Access With Just Rs 3000
Last Updated: FASTag Annual Pass Application Process: In this article, we have created a step-by-step guide, mentioning how applying for the annual Pass of FASTag. In a move to offer a seamless travel expirence on highways, the central government has proposed an Annual Pass for FASTag for just Rs 3,000. The computers will be able to take the benefits on 15th August 2025, barring commercial vehicles. If you are interested in the pass and wondering how to get it or where to apply it. Do not worry, we have got your back. In this article, we have created a step-by-step guide, mentioning the process of applying for the annual Pass of FASTag. Whether you're a frequent highway traveller or someone who often uses highways, this pass will allow you to ditch long queues, save time and a big chunk of money. It offers to use highways unlimitedly by paying a certain fee. Important Steps To Keep In Mind First things first, ensure that your vehicle is equipped with a valid and active FASTag, issued by leading banks in India such as HDFC, ICICI, Axis Bank, etc or wallet services like Paytm. For offline, the customers are advised to visit the nearest toll plaza office. Once reached, they will ask a few details and requirements, as mentioned below. Step-by-Step Guide For Offline Interested customers can visit the FASTag official web portal, use their FASTag-issuing bank's app, or log in Choose the FASTag interface, click on the service and make the annual payment in advance. To note, the unlimited FASTag fee will vary, depending on the location and vehicle type. Once payment and documents are verified, the Annual Pass is linked to your FASTag ID, allowing the vehicle to pass through the designated toll plaza(s) without getting additional charges (as per the pass terms). After completing the entire process, do not forget to double-check check confirmation message or email for the same for the validity period, toll plaza name, and pass details for records. First Published: June 18, 2025, 15:49 IST
Time of India
an hour ago
- Time of India
Modi launches 105 projects worth over Rs 18,600 crore, in Odisha, ET Infra
Advt Advt Prime Minister Narendra Modi on Friday launched 105 development projects valued at over Rs 18,600 crores, unveiled the " Odisha Vision Document " and flagged off new trains during his visit to the also felicitated several people, including ' Lakhpati Didis ' and others. Modi , who visited Odisha for the sixth time since the BJP government was formed in the state in June 2024, launched the projects at a function at Janata Maidan projects launched by the Prime Minister included drinking water and irrigation, health infrastructure, rural roads and bridges, national highways and railway flagged off the first passenger train to Boudh district after inaugurating the Sonepur-Purunakatak railway line. Railway projects such as the third and fourth rail lines between Sarla-Sason and the fourth rail line between Jharsuguda-Jamga were also apart, Modi also flagged off 100 electric buses under the Capital Region Urban Transport (CRUT) system, promoting eco-friendly urban following people's feedback, the Prime Minister unveiled the 'Odisha Vision Document', the roadmap for the state's development goals, anchored around the centenary of Odisha's formation as a linguistic state in 2036 and India's 100 years of independence in vision aims to transform Odisha into a Dollar 500 billion economy by 2036 and a Dollar 1.5 trillion economy by Prime Minister also launched ' Baraputra Aitihya Gram Yojana ', an initiative to transform birthplaces of Odia icons into memorials, featuring museums, interpretation centres, statues and libraries, thereby promoting cultural tourism and preserving also felicitated some women achievers from across the state, who included some "Lakhpati Didis".'Lakhpati Didi' is an initiative of the Ministry of Rural Development focused on empowering women in Self-Help Groups (SHGs). The goal is to help them achieve an annual household income exceeding Rs one lakh by adopting sustainable livelihood state tops the list of creating 16.60 lakh 'Lakhpati Didis' in the country.
