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Aerospace and Defence Tech Company Bags Order Worth Rs 67,49,325 from Bharat Electronics – Stock Gains Over 140 Per cent in Just 6 Months
Rakesh Deshmukh

Aerospace and Defence Tech Company Bags Order Worth Rs 67,49,325 from Bharat Electronics – Stock Gains Over 140 Per cent in Just 6 Months

The company’s shares have delivered an impressive return of over 140 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.

The company has recently been awarded a work order from Bharat Electronics Limited also known as BEL, Bangalore, for the supply of one Questa Prime and one Questa Lint AP SW. The total contract value is approximately Rs 67,49,325 (inclusive of 18 per cent GST). The project is scheduled for completion by November 28, 2024.

Share Performance

At the start of today’s trading session, Trident Techlabs Ltd opened at Rs 942 per share, compared to the previous day's closing of Rs 952.90 per share on the NSE. Finally, the company’s shares closed the day at around Rs 905.25 per share on the NSE. Unfortunately, the company’s shares hit the lower circuit due to the market sentiment being weak and bearish despite the news being positive for the company. The current market capitalization stands at Rs 1564.37 crore, and the stock has generated a multibagger return of over 140 per cent in the past 6 months.

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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.

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