Jash Engineering made growth in sales of nearly 33%

Jash Engineering made a corporate announcement that reflects a growth in sales of nearly 95% over the achieved in year 2017 to 2018.

Company : Jet Knitwears Limited

Jash Engineering Limited achieved standalone sales in excess of Rs.200 crores and consolidated sales in excess of Rs.240 crores for year 2018 to 2019. This reflected a growth in standalone sales of nearly 33% and consolidated sales of nearly 37% over that achieved in year 2017 to 2018.

The company also stated that the US subsidiary achieved sales in excess of USD 10.5 Million for year 2018 to 2019. This reflected a growth in sales of nearly 95% over that achieved in year 2017 to 2018. The current order book of US subsidiary is in excess of USD 8.18 Million and will ensure significant growth in sales in current year as well.

As per the information, in the month of March 2019, the consolidated orders received by the company were worth Rs.45.24 crores out of which Rs. 15.3 crores worth of orders were for Indian market and Rs. 29.94 crores worth of orders were for markets outside India.

The significant contributors to the monthly order booking of March 2019 are R. Krishnamurthy of New Delhi, Xylem Infrastructure of Mumbai, Rajkamal Builders of Ahmedabad and Savan Engineering of Ahmedabad from India, HSL Constructor Private Limited of Singapore and waterfront fluid controls Limited from UK.

Jash Engineering Limited stated that as on 1st April, 2019, the total outstanding consolidated order book position of the company is Rs.225.28 crores out of which Rs. 131.08 crores worth of orders are for Indian market and Rs. 94.2 crores worth of orders are for markets outside India.

The company stated that of the total outstanding consolidated order of Rs.94.2 crores for markets out of India Rs. 56.86 crores constitute orders for USA marker and Rs. 37.34 crores constitute orders for rest of the world. The current order book situation will ensure significant growth in sales on standalone basis and consolidated basis in the year 2019 to 2020 as well.