Multibagger Electronics Design Company Signs MoU with Taiwan's InnoCare Optoelectronics – Stock Gains Over 12 Per cent, Profit Surges 1,550 Per cent!
The company’s shares have delivered an impressive return of over 225 per cent to its shareholders.
This Small-Cap electronic system design and manufacturing company has entered a strategic partnership with Taiwan's InnoCare Optoelectronics Corp. through a recently signed Memorandum of Understanding (MoU) to collaborate on the manufacturing and servicing of Flat Panel Detectors (FPDs) for X-ray equipment.
The MoU signing, which took place at InnoCare’s facility in Taiwan, marks a key step in strengthening global partnerships within the electronics sector. Present at the event were Mr. Eric Lee, President of InnoCare Optoelectronics Corp., Mr. Varun Manwani, Director of Sahasra Electronic Solutions, and Mr. James Yang, President of Innolux Corporation.
This partnership between InnoCare and Sahasra highlights the growing synergy between Indian and Taiwanese firms, combining the technical strengths of both companies to drive innovation for global and Indian markets alike. Supported by initiatives such as "Make in India" and other government incentives, this alliance reflects a shared commitment to advance the future of electronics through collaborative innovation and sustainable growth.
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Financial Performance
Sahasra Electronic Solutions Ltd has not announced its latest Quarterly Results after its IPO listing. Looking at the annual performance, the company generated a revenue of Rs 101 crore in FY24 compared to Rs 10 crore in FY23 representing an impressive growth of over 870 per cent YoY. The operating profit for FY24 was Rs 36 crore along with a margin of 36 per cent compared to Rs 2 crore in FY23. The company reported a net profit of Rs 33 crore compared to Rs 2 crore registering a growth of 1550 per cent YoY.
Share Performance
At the start of today’s trading session, Sahasra Electronic Solutions Ltd opened at Rs 844.80 per share, compared to Rs 818.55 per share on the NSE. Today, the company’s shares rallied over 12 per cent hit the 52-week high, and finally, closed at around Rs 923 per share on the NSE. The current market capitalization stands at Rs 2,306.83 crore, and the stock has generated an impressive multibagger return of over 225 per cent compared to its final IPO issue price of Rs 283 each.
Disclaimer: The article is for informational purposes only and not investment advice.