Aerospace and Defence Tech Company Bags Order Worth Rs 40,82,800 from Maharashtra State Electricity Transmission Company – Complete Details Inside
The company’s shares have delivered an impressive return of over 75 per cent in just 6 months only.
This Small-Cap company is engaged in providing technology-based solutions to industries such as aerospace, defence, automotive, telecommunications, semiconductors, and power distribution. The company was incorporated in 2000.
As per the press release, the company has recently secured a supply order for a specialized software solution for power transmission system analysis from Maharashtra State Electricity Transmission Company Limited (MSETCL), Mumbai. The total value of the order is Rs 40,82,800 (Rupees Forty Lakh Eighty-Two Thousand Eight Hundred Only), inclusive of GST. The delivery, installation, and training are to be completed within 20 working days from the receipt of advance payment.
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Share Performance
At the start of today’s trading session, Trident Techlabs Ltd opened at Rs 928 per share, compared to the previous day's closing of Rs 902.35 per share on the NSE. Finally, the company’s shares closed the day at around Rs 890.25 per share on the NSE. The current market capitalization stands at Rs 1538.45 crore, and the stock has generated an impressive return of over 75 per cent in the past 6 months.
Financial Performance
The company doesn’t announce Quarterly Results and as per the half-yearly results in March 2024, Trident Techlabs Ltd recorded a revenue of Rs 64.24 crore. The operating profit for the period stood at Rs 17.48 crore with a margin of 27.21 per cent. The net profit stood at Rs 12.46 crore compared to a loss of Rs 10.10 crore. Looking at the annual performance, the company generated a revenue of Rs 72.62 crore in FY24, compared to Rs 67.35 crore in FY23. The operating profit for FY24 was Rs 15.97 crore, with a net profit of Rs 9.37 crore compared to a profit of Rs 4.67 crore.
Disclaimer: The article is for informational purposes only and not investment advice.