The shares of an IT company, specializing in providing tailored technology solutions for corporations across diverse sectors, including aerospace, defense, automotive, telecom, semiconductor, and power distribution, are in focus upon receiving two work orders from Tata Power Delhi Distribution and Noida Power Company.
Price action
With a market capitalization of Rs. 1,474.68 crores on Monday, the shares of Trident Techlabs Limited hit a 5 percent lower circuit making a low of Rs. 853.35 per share compared to its previous closing price of Rs. 898.25 per share.
What Happened
Trident Techlabs Limited, engaged in providing tailored technology solutions for corporations across diverse sectors, has received two work orders from the different clients totaling Rs. 2.44 crores.
The First order is for Rs. 1.10 crore supply order from Noida Power Company Ltd for specialized solution and allied services for Network planning, to be completed within 15 days for solutions and 3 months for services.
The second order they secured a multi-year maintenance services contract from Tata Power Delhi Distribution, valued at Rs. 1.34 crore for a specialized power distribution network planning solution.
About the Company
Trident TechLabs is a technology solutions provider specializing in IT services, software development, and consulting and it focuses on delivering innovative and customized solutions across various industries, with expertise in network planning, system integration, and data management. They aim to empower businesses by enhancing operational efficiency and ensuring scalability.
Marquee Clients
The clients in the power solutions are Alstom, Atkins, Bosch, ABB, TCS, Biocon, Reliance and more.
The clients in the Engineering solutions are HCL Technology, Electron India, TCS, Bosch, Vrinda, BEL and more.
Financials
The company’s revenue rose by 162 percent from Rs. 8 crore to Rs. 21 crore in H1FY24-25. Meanwhile, Net profit from a loss of Rs. 2.43 crores to a profit of Rs. 2 crores during the same period.
Written by Sridhar J
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