Synopsis:
Trust Fintech Limited received a purchase order from Mumbai Bank worth approximately Rs. 1.57 crore for the supply, installation, implementation, commissioning, and maintenance of add-on banking modules, to be completed in five weeks.
During Tuesday’s trading session, shares of a leading provider of comprehensive software solutions and IT services for the banking and financial services sector surged nearly 4.3 percent on the NSE, after the company announced securing a purchase order from Mumbai Bank.
At 12:31 p.m., the shares of Trust Fintech Limited were trading in the green at Rs. 71.25 on NSE, up by around 4.3 percent, as against its previous closing price of Rs. 68.3, with a market cap of Rs. 170 crores. The stock hit its 52-week high at Rs. 220.8 on 31st October 2024, and is trading at a discount of around 68 percent from its current price levels.
What’s the News
According to the latest regulatory filings with the NSE, Trust Fintech Limited received a purchase order from Mumbai Bank for the supply, installation, implementation, commissioning and maintenance of add-on modules. The order, valued at around Rs. 1.57 crores, is expected to be executed within 5 working weeks from the date of issuance.
Earlier, on 9th September 2025, the company had bagged a Letter of Award (LoA) worth nearly Rs. 1.56 crores from J&K Development Finance Corporation Ltd. (a Government of India enterprise) for the supply, customisation, deployment, operations and maintenance of its Loan Life Cycle Management System and General Accounting System.
Financials & More
Trust Fintech reported a significant decline in revenue from operations, experiencing a year-on-year decrease of nearly 10 percent, from Rs. 16.22 crores in H2 FY24 to Rs. 14.6 crores in H2 FY25. Likewise, the company’s net profit decreased during the same period from Rs. 5.2 crores to Rs. 3.8 crores, representing a fall of over 26 percent YoY.
Trust Fintech Limited, a company listed in the SME Platform of the National Stock Exchange (NSE), is a software development company engaged in the business of providing consultancy services, IT solutions, with its presence in the USA and UK, and Africa.
The company offers a comprehensive range of solutions, including Core Banking Solutions (CBS), Loan Origination Systems (LOS), ERP implementation, customised enterprise applications, SAP Business One, and offshore IT services.
Written by Shivani Singh
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