DCX Systems spurts on bagging order worth Rs 187 cr

DCX Systems railled 3.48% to Rs 342 after the company announced that it has received an order worth Rs 187.29 crore from overseas customer.

The company secured the contract for supply of electronic kits, with a project completion period of 12 months and a total cost of $22,323,200 equivalent to Rs 187.29 crore.

DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting.

The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% fell in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24.

 

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