Synopsis:
Hiliks Technologies hit its 20 percent upper circuit after securing a Rs. 33.39 crore sub-contract order from MSR-Medikonda JV for railway signalling and telecommunication works under South Central Railway.
The information technology stock was in sharp focus after bagging a major railway signalling and telecommunication order. The development lifted investor confidence, propelling the counter to its 20 percent upper circuit in intraday trade.
Hiliks Technologies Ltd, with a market capitalization of Rs. 60.44 crore, opened at Rs. 56.40 against a previous close of Rs. 53.02 and surged to a high of Rs. 63.62, hitting its 20 percent upper circuit.
What’s the News?
The company announced that it has received a sub-contract order from MSR-Medikonda JV, which is executing an EPC contract from the South Central Railway Zone. The scope of work involves comprehensive signalling and telecommunication works in connection with the doubling of the railway track between Dornakal Junction and Bhadrachalam Road Station, covering Km 14.10 (before Karepalli Crossing Station) to Km 35.420 (beyond Chimalpahad yard).
The project includes Electronic Interlocking and OFC Communications and will be executed over a period of 18 months. The total contract value stands at Rs. 33.39 crore, and it has been awarded by a domestic entity through a sub-contract arrangement.
Financial Snapshot
On a quarter-on-quarter basis, the company’s sales declined from Rs. 2.05 crore to Rs. 1.79 crore, marking a fall of 12.7 percent. Operating profit remained flat at Rs. 0.44 crore. Profit before tax decreased from Rs. 0.20 crore to Rs. 0.14 crore, down 30.0 percent, while net profit rose significantly from Rs. 0.03 crore to Rs. 0.14 crore, up 366.7 percent.
On a year-on-year basis, sales increased from Rs. 1.05 crore to Rs. 1.79 crore, a rise of 70.5 percent. Operating profit improved from Rs. 0.26 crore to Rs. 0.44 crore, up 69.2 percent. Profit before tax grew from Rs. 0.10 crore to Rs. 0.14 crore, a gain of 40.0 percent, while net profit advanced from Rs. 0.10 crore to Rs. 0.14 crore, up 40.0 percent.
About the Company
Hiliks Technologies Limited operates in the information technology services sector in India, offering a wide portfolio ranging from hardware and software development, system networking, and satellite communications to call centers, medical transcription, and billing services. It also provides manpower consulting, training, help desk, and BPO solutions. The company develops customer relationship management and ERP software, networking solutions, and consultancy services. Its offerings extend to smart cards, biometric and iris solutions, GIS for urban planning, ports, and smart cities, telecom infrastructure such as OFC and wireless connectivity, and mobility platforms. Additionally, it provides railway technology solutions, consulting, and digitization services.
Written By Manan Gangwar
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