Penny Stock Surges 780% as Engineering Firm Reports 28% Profit Rise:

Salasar Techno Engineering Limited has announced its financial results for Q3 FY2025, reporting a net profit of ₹12 crore, marking a 28% increase from ₹9.38 crore in Q2 FY2025. However, on a year-on-year (YoY) basis, net profit declined from ₹16.76 crore recorded in Q3 FY2024.

Revenue Growth and Rising Expenses

During the quarter, total income surged to ₹375.89 crore, up from ₹304.34 crore in the same period last year. The growth was driven by higher revenue from telecom, energy, and railway infrastructure projects.

However, total expenses also rose significantly to ₹359.64 crore, compared to ₹281.21 crore in Q3 FY2024, due to rising operational costs and inflationary pressures.

Company Position and Shareholding

Salasar Techno Engineering, a key player in the BSE SmallCap index, is known for manufacturing steel structures and executing EPC projects. Foreign Institutional Investors (FIIs) held over 5.50% stake in the company as of Q3 FY2025.

The company continues to expand its footprint in critical infrastructure sectors, strengthening its market position.

Stock Performance and Market Capitalisation

On 14 February 2025, Salasar Techno Engineering’s stock closed at ₹10.29 on the BSE, lower than its previous close.

1-year return: -61%
2-year return: +21%
3-year return: +138%
5-year return: +780%

Despite short-term fluctuations, long-term returns have been strong, reflecting significant wealth creation for investors.

In February 2024, the company issued bonus shares in a 4:1 ratio, granting four bonus shares for every one share held.

As of 14 February 2025, Salasar Techno Engineering’s market capitalisation stood at ₹1,776.85 crore, according to BSE data.

Industry Outlook and Future Prospects

India’s infrastructure and engineering sector remains strong, driven by government initiatives and rising private investments.

Salasar Techno Engineering's diversified portfolio in telecom, energy, and railway sectors positions it well for future growth. Analysts believe the company's expansion strategies, cost efficiencies, and project acquisitions will be key to sustaining performance in the coming quarters.

While the stock has faced short-term volatility, its long-term growth potential remains strong, backed by rising infrastructure demand in India.