During Thursday’s trading session, the shares of a semiconductor and product engineering solutions company hit a 5 percent upper circuit at Rs. 226.15 on BSE, after the company reported Q2 FY25 results with a rise in the net profit of around 144 percent QoQ and 170 percent YoY.
With a market cap of Rs. 4,291 crores, the shares of MosChip Technologies Limited opened in the green at Rs. 216, up by nearly 0.3 percent, as against its previous closing price of Rs. 215.4.
What’s the news:
The fluctuations in the share prices were observed after MosChip Technologies Limited announced the financial results for Q2 FY25, through the latest filings with the stock exchanges on Thursday during market hours.
For Q2 FY25, MosChip Technologies reported revenue from operations of Rs. 125.6 crores, reflecting a significant growth of around 56.2 percent QoQ from Rs. 80.4 crores in Q1 FY25, as well as a growth of about 75 percent YoY from Rs. 71.8 crores in Q2 FY24.
Likewise, the company’s net profit for Q2 FY25 increased to Rs. 9.7 crores, representing a growth of around 144 percent QoQ from Rs. 4 crores in Q1 FY25, and a year-on-year increase of nearly 170 percent from Rs. 3.6 crores in Q2 FY24.
EBITDA for Q2 FY25 reached Rs. 16.8 crores, representing an increase of around 51 percent YoY from Rs. 11.06 cores in Q2 FY24.
MosChip’s annual increment cycle spans from July to June, with the effects becoming evident in Q2 FY25. Despite the rise in salary expenses, the company has achieved a notable increase in both EBITDA and PAT during the quarter.
The management noted that this performance indicates improved utilisation of engineering resources as well as operational efficiency, contributing to greater shareholder value.
Additionally, revenue from the development of a high-performance computing (HPC) System on a Chip (SoC) utilising 5nm (nanometer) technology began during Q2 FY25.
Stock Performance:
The stock has delivered multibagger returns of nearly 180 percent in one year, while around 34.5 percent of positive returns in the last six months. So far in 2024, the shares of MosChip Technologies have given multibagger returns of about 125.6 percent.
About the company:
Incorporated in 1999, MosChip Technologies Limited, specialising in semiconductor and product engineering solutions, is engaged in the business of design and development of System on Chip (SOC) technologies and the Internet of Things (IoT).
Written by Shivani Singh
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