The shares of the cloud-based solution provider gained up to 3 percent after the company received a new order from Webel Technology Ltd worth Rs 2.53 crore.
With a market capitalization of Rs 20.34 crore, the shares of Euphoria Infotech (India) Ltd were trading at Rs 70.11 pre-share, decreasing around 1.23 percent as compared to the previous closing of Rs 70.98 apiece. The stock of the company was recently listed on the Bombay Stock Exchange (BSE) on January 30, 2023.
As per the company filing, Euphoria Infotech (India) Ltd has received a new order from Webel Technology Ltd worth Rs 2.53 crore for providing recruitment services for West Bengal Police Recruitment Board, Govt of West Bengal. Webel Technology Limited is a nodal agency for the Government of West Bengal for implementation of IT and ITes.
Looking into the company’s financial, Euphoria Infotech (India) Ltd’s revenue increased by 58 percent from Rs 4.65 Crore in FY2021-22 to 7.37 Crore in FY2022-23. During the same period, net profits increased by 500 percent from Rs 0.20 crore to Rs 1.30 crore.
The stock of the company was recently listed on the Bombay Stock Exchange (BSE) on January 30, 2023.
Earlier this month, the business obtained a fresh work order for Rs. 1.91 crore from Webel Technology Limited to provide recruiting services to the West Bengal Police recruiting Board, Government of West Bengal.
According to the company’s primary financial criteria, the return on equity was 37.7 percent in FY22-23, while the return on capital employed was 43.0 percent. Furthermore, the net profit margin was 17.6 percent for fiscal year 22-23.
The firm plans to use cutting-edge technology to broaden its influence in India and throughout the world. The organization is committed to creating solutions that encourage corporate development, efficiency, and technical innovation while making major contributions to the IT and IT industries.
Furthermore, Euphoria Infotech has built strategic connections with government and financial institutions, serving as a technology partner for over 100 municipalities in West Bengal. The firm is a channel partner of Webel Technologies Limited, which strengthens its government relationships and project acquisition skills.
Written by:- Abhishek singh
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