Technology-Based Solutions Provider to Aerospace and Defence Industries Bags Order Worth Rs 35,66,36,332 from Maharashtra State Electricity Distribution
The company’s shares have delivered an impressive return of over 165 per cent in just 6 months only.
Incorporated in 2000, Trident Techlabs Ltd a Small-Cap company specializes in providing technology-based solutions to industries such as aerospace, defence, automotive, telecommunications, semiconductors, and power distribution.
The company has been awarded a contract for the supply of Cyme power distribution network planning software to Maharashtra State Electricity Distribution, valued at Rs 35,66,36,332.13 (Rupees Thirty-Five Crores Sixty-Six Lakhs Thirty-Six Thousand Three Hundred Thirty-Two and Thirteen Paise Only), inclusive of 18 per cent GST. The contract is set to be executed within a one-year timeframe.
Share Performance
At the start of today’s trading session, Trident Techlabs Ltd opened at Rs 664 per share, compared to the previous day's closing of Rs 666.15 per share on the NSE. Finally, the company’s shares closed the day at around Rs 670 per shares on the NSE. The current market capitalization stands at Rs 1157.83 crore, and the stock has generated a multibagger return of over 165 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.