Synopsis:
RRP Defense Ltd. has received a letter of intent from Kalyani Strategic Systems Limited, involving the supply of 40 units of Hand-held Thermal Imager PR110 MF, priced at Rs. 7 lakh per unit, aggregating to Rs. 2.80 crore.
This company is a prominent defense technology firm in India, has announced a significant business development involving the supply of advanced thermal imaging systems. The company has received a Letter of Intent (LoI) from Kalyani Strategic Systems Limited, a subsidiary of Bharat Forge Limited.
With market capitalization of Rs. 75.9 cr, the shares of RRP Defense Ltd are currently trading at Rs. 492.85 per share, locked at 2% upper circuit from its previous close of Rs. 483.20 per share.
News
RRP Defense Ltd, formerly known as Euro Asia Exports Limited has received a Letter of Intent (LoI) from Kalyani Strategic Systems Limited, a wholly-owned subsidiary of Bharat Forge Limited, for the supply of 40 units of Hand-held Thermal Imager PR110 MF. The order is valued at Rs. 2.80 crore, with each unit priced at Rs. 7 lakh.
The contract specifies an immediate supply of 14 units to be delivered by the end of the financial year 2025-26, while the remaining 26 units are scheduled for delivery by the end of the financial year 2026-27.
This contract is domestic in nature and was awarded under a Letter of Intent without involving any related party transactions, as the promoter or promoter group has no interest in Kalyani Strategic Systems Limited. The entire order is expected to be executed by the conclusion of FY 2026-27.
About the company
RRP Defense Ltd is an Indian defense technology company specializing in the design, development, and manufacture of advanced defense equipment and solutions. The company focuses on providing high-quality products such as thermal imagers, surveillance systems, and other defense electronics, catering to the needs of armed forces, paramilitary forces, and government agencies.
For Q4FY25, the company reported sales of Rs. 5.37 crore, an EBIDT of Rs. 1.25 crore, a net profit of Rs. 0.90 crore, and an EPS of Rs. 5.74. In comparison, for Q1FY25, the company had sales of Rs. 1.56 crore, an EBIDT of Rs. 0.03 crore, a net profit of Rs. 0.02 crore, and an EPS of Rs. 0.13. This indicates significant growth in all key financial metrics from Q1FY25 to Q4FY25, before the sharp decline reported in Q1FY26. The latest results indicate a sharp decline, with sales dropping to Rs. 0 crore in Q1 FY26, and both EBIDT and net profit reporting losses of Rs. 0.20 crore.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
