IT Services company engaged in the business of offering solutions for the supply, implementation, setup, and support of networks jumped up to 9 percent in the day’s trade upon receiving an order worth Rs. 54.21 Crores from Bharat Sanchar Nigam Limited (BSNL).
With a market capitalization of Rs. 102 Crores, the shares of Synoptics Technologies Limited closed at Rs. 120, up 4.94 percent from its previous day’s close price of Rs. 114.35.
Synoptics Technologies Limited has received an order worth Rs. 54.21 Crores from the Education Department of Bharat Sanchar Nigam Limited (BSNL), Government of Bihar, for providing FTTH Connectivity and LAN Networking with switches and comprehensive maintenance for 3 Years.
Synoptics Technologies Limited is engaged in the business of offering solutions for the supply, implementation, setup, and support of networks and related infrastructure such as routers, switches, setting up cloud, firewall, and many more.
Its revenue from operations grew by 0.41 percent from Rs. 50.79 Crores in FY22 to Rs. 51 Crores in FY23, accompanied by increasing profits of Rs. 4.29 Crores to Rs. 6.63 Crores.
It has reported a low debt-to-equity ratio of 0.25, a return on equity (ROE) of 29.8 percent, and a return on capital employed (ROCE) of 27.5 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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