Artson Engineering Ltd Share Price – NSE  / BSE

Capital Goods-Non Electrical Equipment, Small Cap

Net loss of Artson Engineering reported to Rs 0.49 crore in the quarter ended June 2024 as against net profit of Rs 1.03 crore during the previous quarter ended June 2023. Sales declined 40.39% to Rs 24.97 crore in the quarter ended June 2024 as against Rs 41.89 crore during the previous quarter ended June 2023.

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Artson Engineering has signed the Brand Equity and Business Promotion (BEBP) Agreement with Tata Sons, thereby entitling the Company to utilize the mark/s viz., “A TATA ENTERPRISE” and / or “A TATA PRODUCT” in addition to the “TATA LOGO”. This marks a major milestone in the Company's journey.

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Artson Engineering will hold a meeting of the Board of Directors of the Company on 17 July 2024.

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The contract involves engineering and construction of ATF Fuel Farm and Hydrant System at Guwahati International Airport.

The aforementioned project has to be executed within a period of 18 months.

Artson Engineering is a design, engineering, procurement and construction company in the oil, gas and hydrocarbon processing industry. It is specialised in tankages, piping and other mechanical packages. The company is also engaged in structural fabrication works and has two manufacturing facilities, one each in Nashik and Nagpur.

The company reported consolidated net profit of Rs 1.31 crore in Q4 FY24 as compared with net loss of Rs 9.96 crore posted in corresponding quarter last year. Revenue from operations declined 15.12% YoY to Rs 24.87 crore in Q4 FY24 from Rs 29.30 crore posted in Q4 FY23.

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