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Urja Global share price: On the earnings front, Urja Global reported a 57.34 per cent year-on-year (YoY) fall in net profit at Rs 0.09 crore during the March 2023 quarter. The figure stood at Rs 0.22 crore in the same quarter a year ago. On the other hand, gross sales of the company declined 74 per cent YoY to Rs 10.64 per cent during the quarter under review.
Urja Global is engaged in the business of design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid-connected solar power plants and decentralised solar applications and trading of solar products, lead acid batteries.
Stock in focus: Urja Global has signed a deal with Tesla Power USA to manufacture and supply batteries under the Tesla Power brand in India, causing the small-cap company's stock to surge. Investors thought this was Elon Musk's Tesla. It isn't.