IT stock engaged in providing high-end supercomputing solutions and data center facilities jumped upto 4 percent in the day’s trade upon receiving a new work order worth Rs. 13.91 from Himachal Pradesh State Electricity Board.
Price Action
With a market capitalization of Rs. 453 Crores, the shares of Esconet Technologies Limited were trading at Rs. 346.30 per equity share, up 0.19 percent from its previous day’s close price of Rs. 345.65.
What Happened
Esconet Technologies Limited engaged in providing high-end supercomputing solutions and data center facilities has received a new work order from Himachal Pradesh State Electricity Board Limited for a consideration of Rs. 13.91 Crores.
The work order involves renewal of existing cybersecurity devices along with supply, installation, and integration of Web Application Firewall (WAF) Solution at Data Centre, Shimla and Disaster Recovery Centre, Paonta Sahib and it is to be executed by Decemeber 2027.
About the Company
Esconet Technologies Limited is engaged in providing high-end supercomputing solutions and data center facilities that include storage servers, network security, virtualization, and data protection and many more.
Financials and Ratios
Its revenue from operations grew by 48 percent from Rs. 71 Crores in H1FY24 to Rs. 107 Crores in H1FY25, accompanied by profits of Rs. 3 Crores to Rs. 3 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 25.4 percent and a return on capital employed (ROCE) of 32.9 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.14.
Written by: Bharath K.S
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