Sharika Enterprises Ltd

Net profit of Sharika Enterprises reported to Rs 0.28 crore in the quarter ended December 2024 as against net loss of Rs 1.88 crore during the previous quarter ended December 2023. Sales declined 10.43% to Rs 21.90 crore in the quarter ended December 2024 as against Rs 24.45 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales21.9024.45 -10 OPM %3.42-5.93 - PBDT0.27-1.76 LP PBT0.09-1.96 LP NP0.28-1.88 LP Powered by Capital Market - Live

Sharika Enterprises will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

 Sharika Enterprises has been awarded a work contract by NHPC. The contract is for the development of Rooftop Solar Power Projects with a total capacity of 4 MW on buildings of NHPC at various locations (ZONE-1: UT of Jammu & Kashmir Power Stations) under the PM Surya Ghar: Muft Bijli Yojna. The total consideration for this project is Rs 15.57 crore. Powered by Capital Market - Live

The company has bagged pilot projects from JSW Renew Energy to convert 33kV overhead lines into underground cabling systems at two key locations. The turnkey initiative involves the complete supply and installation of these systems, aimed at improving power evacuation reliability from wind farms in Maharashtra and Karnataka. Each location will involve the supply and installation of 33 kV underground cables connecting multiple wind turbines within the wind farms. These systems are crucial for efficient power transmission, offering advantages over traditional overhead lines by reducing environmental impact, minimizing visual and ecological footprints, and addressing Right of Way (ROW) challenges. The projects utilize advanced underground cable technology to enhance grid connectivity and support sustainable practices. Successful completion of these pilot projects could lead to larger-scale implementations, positioning the company as a preferred partner for innovative power transmission solutions in the renewable energy sector. Ravinder Bhan, COO at Sharika Enterprises, said, 'Collaborating with JSW Renew Energy reaffirms our leadership in providing state-of-the-art solutions in the power infrastructure segment. With our proven expertise and track records, we are committed to timely and efficient execution of all these critical projects. Sharika Enterprises provides Engineering Procurement Construction (EPC) services, specializing in the power generation, transmission, and distribution sectors. It offers a range of services, including designing and installing solar power plants, power transmission EHV cables, and energy management systems. The company reported a consolidated net loss of Rs 3.06 crore in Q2 FY25 as compared to net loss of Rs 1.89 crore recorded in Q2 FY24. Net sales surged 111.4% to Rs 24.46 crore in Q2 FY25 from Rs 11.57 crore posted in Q2 FY24. Sharika Enterprises' current market capitalisation stands at Rs 81.45 crore on the BSE.Powered by Capital Market - Live

Net Loss of Sharika Enterprises reported to Rs 3.06 crore in the quarter ended September 2024 as against net loss of Rs 1.89 crore during the previous quarter ended September 2023. Sales rose 111.41% to Rs 24.46 crore in the quarter ended September 2024 as against Rs 11.57 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales24.4611.57 111 OPM %-9.98-22.47 - PBDT-2.77-2.90 4 PBT-2.92-3.09 6 NP-3.06-1.89 -62 Powered by Capital Market - Live

Sharika Enterprises will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Sharika Enterprises announced that the 26th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

Sharika Enterprises has received a letter of Award from Himachal Pradesh State Electricity Board (HPSEB) for design, engineering, supply, installation, testing, and commissioning of 22Kv Gas insulated switchgear (GIS) and 22/6.6Kv power transformers of 10 MVA and 6.3 MVA Capacity for SOP (Supply of Power) to LWSS (Lift water supply scheme) Shimla Town (SJPNL) (Shimla Jal Prabandhan Nigam limited) Stage 1st at Shakrori, Stage 2nd at Dwada under ED Sunni and Stage 3rd at Dummi under ED No-1, HPSEBL Shimla. The value of the project is Rs 7.53 crore. Powered by Capital Market - Live

Sharika Enterprises will hold a meeting of the Board of Directors of the Company on 28 August 2024.Powered by Capital Market - Live

Net Loss of Sharika Enterprises reported to Rs 2.48 crore in the quarter ended June 2024 as against net loss of Rs 2.41 crore during the previous quarter ended June 2023. Sales rose 37.78% to Rs 17.98 crore in the quarter ended June 2024 as against Rs 13.05 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales17.9813.05 38 OPM %-11.23-26.74 - PBDT-2.32-1.93 -20 PBT-2.48-2.01 -23 NP-2.48-2.41 -3 Powered by Capital Market - Live