- Total order book stands at Rs 58.79 crore, reflecting strong growth
- Posts profit of Rs 93.76 lakh, with Revenue from Operations at Rs 29.69 crore
- Listed on NSE SME in May 2024, raising Rs 25 crore through IPO.
Rulka Electricals Limited (REL or “The Company”), a leading provider of integrated electrical and firefighting services, has announced the securing of 22 new work orders in November 2024, totalling Rs 32.81 crore.
With these new orders, the Company’s total order book stands at Rs 58.79 crore as of November 2024, with revenues expected to be realized over the next 15 to 18 months. Notable clients contributing to these new orders include Avenue Supermart Limited (Dmfaart), Indospace Industrial Park Pvt. Ltd., Horizon Industrial Park Pvt. Ltd. (Blackstone Group), Palava Industrial Park Private Limited (Lodha Group), ILV Industrial Parks Private Limited, DBG Estate Pvt Ltd. (Welspun), Runwal Developers Private Limited, Power of One Logistics Park Pvt. Ltd. (Ascendance), and CN Tech Engineers Private Limited (CN WATER).
Commenting on the recent developments, Mr. Nitin Aher, Wholetime Director of Rulka Electricals Limited, said: “The recent influx of new orders underscores the confidence our clients place in our expertise and our unwavering commitment to delivering high-quality, reliable electrical solutions. With the election period behind us and economic activity gaining momentum post-monsoon, we are seeing a strong resurgence in demand for our services. Backed by our dedicated team and a robust operational framework, Rulka Electricals is well-positioned to continue excelling across all our projects.”
For the half-year period ending 30th September 2024, Rulka Electricals reported a profit of Rs 93.76 lakh, with Revenue from Operations amounting to Rs 29.69 crore.
These new orders follow the successful completion of REL’s Initial Public Offering (IPO) in May 2024, through which the Company raised Rs 25 crore, strengthening its financial position and further establishing its market presence. This IPO will help improve results Q4 onwards due to lead time of large orders.
Headquartered in Mumbai, Rulka Electricals Limited provides a wide range of electrical services across India, including electrical panel installations, firefighting systems, solar EPC contracts, and turnkey electrical warehousing projects. The Company also specializes in maintenance services, data & voice cabling, and is known for its electrical and firefighting contracting services on projects of various scales. REL serves a diverse clientele in sectors such as industrial, commercial, retail, warehousing, and entertainment.
For more information, please visit: https://www.relservices.in/
