Shares of this microcap company jumped around 4 percent in Monday’s trading session after receiving an order worth Rs. 2.45 crores from Webel Technology Limited for SaaS-based software. The company was recently listed on the Bombay Stock Exchange (BSE) on January 26, 2024.
With a market capitalization of Rs. 22.9 crores, the shares of Euphoria Infotech (India) Ltd started Monday’s trading session on a higher note at Rs. 78.50 compared to its previous close of Rs. 75.95. During the reading session, the shares hit a high of Rs. 82.65, gaining around 4 percent and are currently trading at Rs. 79 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had bagged an order worth a gross value of Rs. 2.45 crores from Webel Technology Limited ( is an undertaking under the administrative control of the Department of Personnel and Administrative Reforms, Govt. of West Bengal), for which the company shall be preparing a SaaS-based software for online admission and student lifecycle management along with resident engineer for seven years at the Rabindra Bharati University, Kolkata.
Coming onto the company’s financial statement, the revenue zoomed by 58 percent from Rs. 4.65 crores during FY21-22 to Rs. 7.37 crores in FY22-23. In addition, the net profits magnified by 550 percent from Rs, 20 lakhs to Rs. 1.30 crores during the same period.
The company aims to leverage the latest technological advances to expand its reach, both in India and globally. The company is dedicated to providing solutions that promote business growth, efficiency, and technological advancement, thereby contributing significantly to the IT and IT sectors.
Moreover, Euphoria Infotech has formed strategic alliances with government and financial organizations, becoming a technology partner for over 100 municipalities in West Bengal. The company is a channel partner of Webel Technologies Limited, further strengthening its government ties and project acquisition capabilities.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 8.15 percent during FY 21-22 to 37.68 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 12.52 percent to 42.32 percent during the same timeframe. Furthermore, the net profit margin increased from 4.73 percent during FY21-22 to 17.64 percent during FY22-23.
Headquartered in West Bengal, Euphoria Infotech was incorporated in 2001. The company provides a range of solutions, including citizen-centric applications, enterprise resource planning (ERP), cloud-based tools and applications, e-commerce, Internet of Things (IoT), and data management.
Written By Vaibhav Patil
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