Latest news with #FrontierSprings
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Business Standard
5 days ago
- Business
- Business Standard
Microcap stock soars 74% in 1 month, zooms 169% from April low. Do you own?
Frontier Springs share price: Share price of Frontier Springs hit a record high of ₹4,454.10, as the scrip was locked in 10 per cent upper circuit on the BSE in Wednesday's intra-day trade. Around 14,000 shares changed hands on the counter, and there are pending buy orders for 5,367 shares on the BSE, the exchange data showed. Currently, Frontier Springs is trading 'X' group on the BSE. X group classified equity securities of companies that are only listed/traded at BSE. In the past month, the stock price of this Microcap company has surged 74 per cent, as compared to 0.5 per cent rise in the BSE Sensex. It zoomed 169 per cent from its April month low price of ₹1,653 on the BSE. The stock had hit a 52-week low of ₹1,365 on August 8, 2024. Frontier Springs receives orders worth of ₹93 crore The company, on June 2, announced that it has received orders for Air Springs Assembly aggregating to a total value of ₹92.6 crore (inclusive of GST) from Rail Coach Factory, Kapurthala and Modern Coach Factory, Raebareli. These orders reaffirm the company's position as a trusted supplier to the Indian Railways and are expected to be executed over the coming quarters, Frontier Springs said. Frontier Springs outlook Looking ahead, the management said they are extremely optimistic about the company's growth prospects. The company has set ambitious targets of achieving ₹375 crore in gross revenues for FY26 and ₹500 crore for FY27. With robust order book, expanding capacities, and a clear focus on value-added products, Frontier Springs is well-positioned to capture and capitalise on the major railway modernisation initiative being undertaken by the Government of India, the management said. The positive momentum has continued into the start of FY26, with exceptionally strong demand from Indian Railways across all three of the company's core segments—Coil Springs, Air Springs, and Forgings. The ongoing modernisation drive within Indian Railways is providing a significant fillip to Air Springs segment, where the company said they hold firm orders that offer clear visibility of sustained growth. 'At the same time, the sharp increase in production of LHB (Linke-Hofmann-Busch) coaches and locomotives has led to a healthy uptick in demand for Coil Springs. The surge in demand has also enabled spring suppliers like us to improve realisations, which is positively impacting profitability,' the management said. About Frontier Springs Founded in 1981, Frontier Springs began its journey as a manufacturer of Leaf Springs and Laminated Bearing Springs for Automobiles and Railways. Today, the company primarily produces Hot Coiled Compression Springs and forging items, catering especially to the needs of Wagon, Locomotives, and Carriage sectors. Recently, the Company made a strategic foray into the production of Air Springs, marking a significant expansion in its product portfolio.
Business Standard
03-06-2025
- Business
- Business Standard
Frontier Springs gains on Rs 93 crore air spring order
Frontier Springs rallied 8.18% to Rs 3,834 after the company announced it had secured an order worth Rs 92.6 crore from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli, for the supply of air spring assemblies. The order is scheduled to be executed over the upcoming quarters. Frontier Springs is mainly engaged in the production of L.H.B. Springs and Hot Coiled Compression Springs and Forging items for Wagon, Locomotives and carriages The company's net profit jumped 130.9% to Rs 11.66 crore, while revenue from operations rose 58.8% to Rs 70.08 crore in Q4 March 2025 over Q4 March 2024.
Business Standard
26-05-2025
- Business
- Business Standard
Frontier Springs standalone net profit rises 130.89% in the March 2025 quarter
Sales rise 58.77% to Rs 70.08 crore Net profit of Frontier Springs rose 130.89% to Rs 11.66 crore in the quarter ended March 2025 as against Rs 5.05 crore during the previous quarter ended March 2024. Sales rose 58.77% to Rs 70.08 crore in the quarter ended March 2025 as against Rs 44.14 crore during the previous quarter ended March 2024. For the full year,net profit rose 166.82% to Rs 34.66 crore in the year ended March 2025 as against Rs 12.99 crore during the previous year ended March 2024. Sales rose 70.84% to Rs 231.34 crore in the year ended March 2025 as against Rs 135.41 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 70.0844.14 59 231.34135.41 71 OPM % 23.8916.81 - 21.4715.34 - PBDT 16.807.82 115 50.4121.18 138 PBT 15.786.74 134 46.4017.47 166 NP 11.665.05 131 34.6612.99 167
