Semiconductor stock engaged in offering product engineering, application software, electronic design, testing, and enterprise business services in focus upon declaring its Q1FY25 results and declaring a bonus issue of 1:4.
Price Action
With a market capitalization of Rs. 1,057 Crores, the shares of Mindteck (India) Limited were trading at Rs. 415.90 per equity share, down 1 percent from its previous day’s close price at Rs. 420.45.
Q1FY25 Results
Its Revenue from operations grew by 15 percent YoY from Rs. 93.41 Crores in Q1FY24 to Rs. 108.15 Crores in Q1FY25 and it grew by 10 percent QoQ from Rs. 97.9 Crores in Q4FY24 to Rs. 108.15 Crores in Q1FY25.
Its Net Profit grew by 2.4 percent YoY from Rs. 62.3 Crores in Q1FY24 to Rs. 63.8 Crores in Q1FY25 and declined by 1.5 percent QoQ from Rs. 64.8 Crores in Q4FY24 to Rs. 63.8 Crores in Q1FY25. Its Net Profit Margin decreased from 6.55 percent in Q1FY24 to 5.79 percent in Q1FY25.
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Bonus Issue
In Addition, the Board of Directors of Mindteck (India) Limited has considered and recommended the issuance of bonus equity shares of the company to the equity shareholders as on the Record date in the ratio of 1:4, where one equity share of the company will be issued to every four equity shares held.
About the Company
Mindteck (India) Limited is an engineering and technology solutions company engaged in offering product engineering, application software, electronic design, testing, and enterprise business services.
Mindteck (India) Limited has established itself as a prominent player in the semiconductor industry, providing specialized software and hardware solutions tailored to the needs of semiconductor capital equipment manufacturers, subsystem vendors, and fabrication facilities (FABS).
It provides ready-to-deploy semiconductor solution accelerators, including device simulators and automated testing frameworks. These tools are designed to lower project risks and costs while shortening project timelines.
Its semiconductor engineering and equipment product lifecycle services address the complete value chain of new product development, sustenance, testing, support, and performance improvement services and solutions.
Written by: Bharath K.S
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