IT stock that encompass extensive expertise in artificial intelligence (Al) development, Machine Learning (ML) applications, Web and mobile app development, and many more jumped 4 percent in the day’s trade upon receiving a new work order worth Rs. 25.37 Crores to toll infrastructure services.
Price Action
With a market capitalization of Rs. 1,494 Crores, the shares of Sahana System Limited were trading at Rs. 1700 per equity share, down 4 percent from its previous day’s close price of Rs. 1,771.20.
What Happened
Sahana System Limited an information technology (IT) company offering software solutions that encompass extensive expertise in artificial intelligence development, Machine Learning applications and many more has received a new work order worth Rs. 25.37 Crores to provide comprehensive technical support for toll infrastructure system in India.
The scope of services encompasses comprehensive technical support for Toll Management Systems, Information Technology Management Systems (ITMS) and sophisticated Weigh-in-Motion (WIM) solutions, harnessing cutting-edge sensor technology for precise vehicle monitoring along with integrated software, networking.
About the Company
Sahana System Limited is an information technology (IT) company offering software solutions that encompass extensive expertise in artificial intelligence (Al) development, Machine Learning (ML) applications, Web and mobile app development, application migration, and tender management, ChatBot development, and product prototyping.
Sahana System Limited has operations in the EV sector as well and has been allotted 500 locations in Andhra Pradesh to set up Electric vehicle charging points. At present, a feasibility survey has been completed for 45 locations and the process of procuring the charging stations for 25 locations has begun.
Financials and Ratios
Its revenue from operations grew by 121 percent from Rs. 24 Crores in H1FY24 to Rs. 53 Crores in H1FY25, accompanied by profits of Rs. 5 Crores to Rs. 14 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 54.4 percent and a return on capital employed (ROCE) of 55 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.06.
Written by: Bharath K.S
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