Microcap Company with 41 Per cent Operating Profit Margins Secures Order Worth Rs 9.94 Crore for BSNL 4G RAN Installation & Commissioning Deployment from ITI!
Incorporated in 2008, this Micro-Cap company trades in IT products and provides Information & Telecom Technology networking solutions.
Synoptics Technologies Ltd has received an order from ITI Limited for the deployment of BSNL 4G RAN Installation & Commissioning (I&C) activities across 3,000 sites, with an order value of Rs 994.35 lakhs (excluding GST) or Rs 9.94 crore. The project will be executed in phases, with purchase orders released in lots of 1,000 sites each. The delivery schedule is set for October 31, 2024, for the first 1,000 sites and December 31, 2024 for the remaining 2,000 sites.
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On Wednesday, the shares of Synoptics Technologies Ltd closed at around Rs 130 per share on the NSE. The company’s current market capitalization stands at Rs 110.24 crore. Additionally, the shares have delivered an impressive return of over 25 per cent in the past 1 month.
The company doesn’t announce Quarterly Results, and as per the half-yearly results in March 2024, Synoptics Technologies Ltd recorded a revenue of Rs 17.14 crore. The operating profit stood at Rs 7.02 crore with an operating profit margin of 40.96 per cent. The net profit stood at Rs 2.87 crore. Looking at the annual performance, the company generated a revenue of Rs 43.24 crore in FY24. The operating profit for FY24 was Rs 13.69 crore with a net profit of Rs 6.01 crore compared to a net profit of Rs 6.63 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 73.11 per cent stake. Public investors own 26.89 per cent of the shares.
Disclaimer: The article is for informational purposes only and not investment advice.