Smallcap stock primarily engaged in the trading and manufacturing of mobile handsets, accessories, and other communication devices hit a 5 percent upper circuit in the day’s trade upon entering into partnership with a German company for advanced drone solutions.
Price Action
With a market capitalization of Rs. 6,702 Crores, the shares of Optiemus Infracom Limited hit a 5 percent upper circuit in the day’s trade at Rs. 780.65 per equity share, from its previous day’s close price of Rs. 743.50.
What Happened
Optiemus Infracom Limited’s wholly owned subsidiary Optiemus Unmanned Systems Private Limited, has announced a strategic partnership with LS Spectrum Solutions Pvt. Ltd a leading provider of advanced drone-based spectrum analyzers.
It involves the marketing, assembly, and distribution of LS Spectrum Solution’s cutting-edge drone-based spectrum analysis solutions within the Indian market, thereby giving further momentum to Optiemus Infracom’s Make in India drone business.
Through this strategic partnership, initially Optiemus Infracom Limited will sell the advanced spectrum analyser drones for LS Spectrum. These drones will support seamless detection and analysis of spectrum usage, enabling improved management of communication frequencies in India.
These solutions will cater to a wide range of sectors, including telecommunications, defence, homeland security, and civil aviation, empowering Indian organizations with cost-effective, precise, and innovative solutions tailored for spectrum analysis and monitoring.
This partnership has the potential to extend beyond drone-based solutions, delving into the market for managing, observing, and defence of Spectrum through various capabilities like spectrum surveillance, direction finding and geolocation, Electronic Support Measures, Signals Intelligence, Electronic Counter Measures, etc.
About the Company
Optiemus Infracom Limited is a diversified telecommunications company. It is primarily engaged in the trading and manufacturing of mobile handsets, mobile accessories, and other communication devices. Optiemus Electronics has been selected under the Production Linked Incentive Schemes, for manufacturing mobile phones and IT Products
Financials and Ratios
Its Revenue from operations grew by 72.96 percent from Rs. 277.17 Crores in Q2FY24 to Rs. 479.39 Crores in Q2FY25, accompanied by profits of Rs. 5.4 Crores to Rs. 13.73 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 14.99 percent, and a return on capital employed (ROCE) of 15.55 percent. It has reported a debt-to-equity ratio of 0.54
Written by: Bharath K.S
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