In Monday’s trading session, the shares of India’s Leading Robotics Innovator surged 5 percent to hit a new 52-week high at Rs. 4,110.4, after the company bagged an export order worth nearly Rs. 70.67 crore.
At 09:45 a.m., the shares of Kody Technolab Limited were trading in the green at Rs. 4,005, up by 2.3 percent on NSE, compared to its previous closing price of Rs. 3,914.7, with a market cap of Rs. 2,552.7 crore.
What’s the news:
Kody Technolab informed the National Stock Exchange (NSE) regarding a significant export order received by the company from a customer, amounting to approximately Rs. 70.67 crore.
The order includes three types of robots: Dasher (Serving Robot), Odigo (Advertising Robot) and Vulcan (Cleaning Robot), with a target to deliver these robots in the next 5 months.
Previous Order:
On 12th January, Kody Technolab, a software development company, received an export order worth nearly Rs. 30 crores of Dasher (Serving Robot) from multiple customers.
Financials & Shareholding Pattern:
In FY23-24, the company generated Rs. 22.45 crore in operating revenue, a 103.6 percent increase from the Rs. 11 crore recorded in FY22-23. The net profit also grew by 67.5 percent reaching Rs. 4.88 crore, up from Rs. 2.91 crore in the same period of the previous fiscal year.
According to the latest shareholding pattern, the Promoters hold a 73.01 percent stake in the company, and Retail Investors hold a 26.99 percent stake in Kody Technolab.
About the company:
Kody Technolab Limited is a leader in software and robotics development, dedicated to delivering enterprise-level projects and mobile application solutions worldwide.
It also offers artificial intelligence (AI) robotics, IT consulting, Web App Development, IOT (internet of things) services, support and maintenance, digital transformation, hiring resources, information technology (IT) consulting, and IoT services worldwide.
The company’s portfolio includes pioneering surveillance and service robots, and continues to lead the technological revolution, to make advanced technology accessible for everyone.
Written by Shivani Singh
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