During Monday’s trading session, the shares of a company engaged in providing information security and cybersecurity services hit a 2 percent upper circuit on BSE, after the company secured an order from SBI Cards and Payment Services Limited.
Price Movement
With a market capitalisation of Rs. 97.7 crores, the shares of Sattrix Information Security Limited hit a 2 percent upper circuit at Rs. 143.7 on BSE, as against its previous closing price of Rs. 140.9.
The stock has delivered negative returns of nearly 26 percent in the last one year, but gained around 5 percent returns in the last one month.
What’s the News
According to the latest regulatory filings with the BSE, Sattrix Information Security Limited has received acceptance of an order for Cyber Security Operations Center (SOC) maintenance services from SBI Cards and Payment Services Limited. The contract, valued at Rs. 55.62 lakhs, will commence from 28th April 2025, and is scheduled to be completed within three months.
Previous Updates
18th April: The company’s wholly owned subsidiary received a significant order for the supply of License Services from a leading US-based Healthcare entity. The contract, valued at $384,000, covers a service period of 12 months.
22nd April: Sattrix Information Security Limited signed an agreement for an order for the Cybersecurity Security Operations Center (SOC) maintenance services from the State Information Technology, Electronics and Communication Department. The order was valued at Rs. 97.52 crores and is set to be executed over a period of 3 years and 11 months.
Financial Performance
Sattrix Information reported a decline in its revenue from operations, showing a year-on-year decline of 12 percent from Rs. 25.14 crores in H1 FY24 to Rs. 22.2 crores in H1 FY25.
Similarly, its net profit decreased during the same period from Rs. 0.93 crores to Rs. 0.4 crores, indicating a fall of around 57 percent YoY.
About the Company
Sattrix Information Security Limited is engaged in the business of developing customer-centric cybersecurity solutions to protect customers from cyberattacks.
The company offers Managed Security Services, Assessments & Advisory, and Professional Services made according to the customer’s needs, along with delivering end-to-end cybersecurity services to enterprises in India, the Middle East (UAE) and USA region.
Written by Shivani Singh
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