Synopsys:
Dynacons Systems and Solutions Ltd, received a new order worth Rs.62.98 from State Bank of India.
The Shares of this IT Solution provider with business across the globe surged 4 percent Intra-day high after receiving a new work order from State Bank Of India. With a market capitalization of Rs.1,359 Crore, shares of Dynacons Systems and Solutions Ltd opened at Rs. 1,062.30 per equity share, from its previous day’s closing price of Rs.1,056.20 and made an intraday high of Rs.1,111.40 per equity share.
Order Details
Dynacons Systems and Solutions Ltd, which is engaged in IT solutions and infrastructure services company, has secured a major contract worth Rs.62.98 crore from the State Bank of India (SBI).
The order is for the supply, installation, implementation, and maintenance of a Software Defined Wide Area Network (SD-WAN) solution and related accessories. The project will be rolled out across 4 data centers and 7,000 SBI branches across India in a phased manner.
This 7 year contract includes technical support and is backed by a strong Service Level Agreement (SLA). The project aims to enhance SBI’s digital infrastructure by improving network performance, security, and application efficiency. It will also benefit the State Bank Group and its sponsored Rural Regional Banks (RRBs).
About The Company
Dynacons Systems and Solutions Ltd is a Mumbai based IT company, started in 1995, that provides complete technology services like IT management, Cyber security and others.
The company has built a presence in the IT industry by working with well known clients like LIC,Bank of India, Axis Finance,IDBI Bank,CEAT and others. which reflects its trusted reputation and solid client base.
The company’s revenue from operations surged from Rs. 1,024 crore in FY24 reaching Rs. 1,267 crore in FY25, reflecting strong business growth. Net profit also rose from Rs. 54 crore to Rs. 72 crore, indicating better cost management and profitability. These figures highlight a solid improvement in both revenue and overall financial performance.
Written by Sudeep Kumbar
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