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DCX Systems Expands Order Book with ₹107 Crore New Orders

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Synopsis:

DCX Systems has expanded its order book with ₹107 crore in new orders for electronic kits and cable assemblies. Despite recent financial challenges, the company continues to secure significant contracts, reflecting ongoing demand in the defence and aerospace sectors.

DCX Systems News Today

DCX Systems has significantly boosted its order book with new contracts totaling ₹107 crore. These orders, from both domestic and international clients, involve the supply of electronic kits, cable, and wire harness assemblies. The company is set to complete these orders within the next year. As a result, DCX systems share price will remain in focus.

Quarterly Financial Performance

DCX Systems' financial performance for the first quarter of FY25 revealed challenges. The company reported a 19% decrease in revenue, dropping to ₹138.08 crore compared to the previous year.

Net profit also fell sharply by 69%, reaching ₹2.94 crore. Additionally, an operating loss of ₹4.8 crore was recorded, attributed to increased costs.

Raneal Advanced Systems and Railway Joint Venture

DCX's subsidiary, Raneal Advanced Systems, reported revenue of ₹42 crore for the quarter, indicating solid performance within its segment. Furthermore, the company’s railway joint venture is on track to begin production, which is expected to contribute positively to future revenue.

Company Overview

DCX Systems is a prominent Indian manufacturer specialising in electronic sub-systems and cable harnesses for the defence and aerospace sectors. Its operations include system integration, cable and wire harness assemblies, and kitting.

In July 2024, the company had received a significant order worth ₹1,250 Crore from Larsen Larsen & Toubro. The contract involved the manufacturing and supply of electronic modules.

DCX Systems Share Price Performance

On Friday, the DCX systems share price closed at ₹322.50, down 2.49%. So far in 2024, the stock has dropped 6.91%. However, in the past 12 months, the stock has given a modest return of 14.61%.

Key Takeaways

The new orders secured by DCX Systems highlight the company's ability to attract significant contracts despite recent financial challenges. The growth in its order book reflects ongoing confidence in its capabilities and positions the company for potential future success.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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