NSEAxiscades Technologies Ltd shares gained more than 2% in trade on Monday, May 27, after the company informed the stock exchanges about its subsidiary securing an order worth ₹90 crore from Bharat Electronics Ltd (BEL).In a filing to the stock exchanges, the company said that its subsidiary Mistral Solutions has received an order from public sector company Bharat Electronics Limited (BEL).
The company mentioned in a release, dated May 27, that as a part of the order Mistral will design, develop, and supply eight Radar Processing Systems for the Arudhra Medium Powered Radar (MPR).The order has a gross value of ₹90 crore and a stipulated time limit of four years, the IT services firm said.Arudhra Medium Powered Radar is a device used for tracking aerial objects, The radar can track targets ranging from slow-moving targets to combat aircraft, according to the release.In its Q4 results released last week, on May 20, the company’s consolidated revenue from operations grew more than 15% to ₹255.64 crore in the March quarter compared to ₹223.23 crore in the same quarter of the preceding fiscal.
The company’s revenue from operations in the March quarter grew 10% from ₹231.47 crore in the December quarter.For the entire financial year 2023-24, the IT solutions provider reported a 17% year-on-year growth at ₹952.22 crore from ₹813.6 crore in the preceding fiscal.The company’s PAT (Profit After Tax) for the March quarter fell more than 43% to ₹8.98 crore from ₹16.04 crore in the preceding fiscal year.
Sequentially, the company’s net profit grew by 19.23% from ₹7.53 crore in the December quarter.The company reported a PAT of ₹33.4 crore in FY24 compared to a net loss of ₹4.79 crore in FY23.At 11:34 am, shares of Axiscades Technologies Ltd were trading 0.6% higher at ₹514.35 apiece on the BSE.
NSE
Axiscades Technologies Ltd shares gained more than 2% in trade on Monday, May 27, after the company informed the stock exchanges about its subsidiary securing an order worth ₹90 crore from Bharat Electronics Ltd (BEL).In a filing to the stock exchanges, the company said that its subsidiary Mistral Solutions has received an order from public sector company Bharat Electronics Limited (BEL). The company mentioned in a release, dated May 27, that as a part of the order Mistral will design, develop, and supply eight Radar Processing Systems for the Arudhra Medium Powered Radar (MPR).The order has a gross value of ₹90 crore and a stipulated time limit of four years, the IT services firm said.Arudhra Medium Powered Radar is a device used for tracking aerial objects, The radar can track targets ranging from slow-moving targets to combat aircraft, according to the release.In its Q4 results released last week, on May 20, the company’s consolidated revenue from operations grew more than 15% to ₹255.64 crore in the March quarter compared to ₹223.23 crore in the same quarter of the preceding fiscal. The company’s revenue from operations in the March quarter grew 10% from ₹231.47 crore in the December quarter.For the entire financial year 2023-24, the IT solutions provider reported a 17% year-on-year growth at ₹952.22 crore from ₹813.6 crore in the preceding fiscal.The company’s PAT (Profit After Tax) for the March quarter fell more than 43% to ₹8.98 crore from ₹16.04 crore in the preceding fiscal year. Sequentially, the company’s net profit grew by 19.23% from ₹7.53 crore in the December quarter.The company reported a PAT of ₹33.4 crore in FY24 compared to a net loss of ₹4.79 crore in FY23.At 11:34 am, shares of Axiscades Technologies Ltd were trading 0.6% higher at ₹514.35 apiece on the BSE.
