Salasar Techno Engineering Ltd. (STEL) has knowledgeable exchanges approximately that Infomerics Valuation and Rankings Pvt. Ltd. has revised the score for the corporation's long-time & brief-time period bank centers.
Consistent with the facts supplied, Infomerics has modified the company's earlier score of IVR A/advantageous (IVR A with high-quality outlook) to IVR A/RWDI, i.e., "score with growing implication (RWDI)."
Which means the corporation's score is now being monitored, and it may move both up or down in the future.
Quarterly effects
In advance, Salasar Techno Engineering Ltd. said it has published a 28 percent consistent upward push in consolidated net profit to Rs 12 crore inside the december quarter, aided by using better profits.
It had said a net income of Rs 16.76 crore in the October-December period of the preceding 2023-24 monetary 12 months, the business enterprise said in an alternate filing.
The employer's general profits rose to Rs 375.89 crore from Rs 304.34 crore inside the 12 months in the past period.
Its prices were Rs 359.64 crore for the duration of the area beneath evaluation in opposition to Rs 281.21 crore a year ago.
Salasar Techno Engineering (STEL) is a metal structural producer and EPC (engineering, procurement, and production) infrastructure organization, catering to telecom, power, and railway sectors.
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