Recently listed stock that provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries hit a 5 percent upper circuit in the day’s trade upon posting its year-end results with a 667 percent jump in revenue.
With a market capitalization of Rs. 550 Crores, the shares of Trident Techlabs Limited hit a 5 percent upper circuit at Rs. 318.50 from its previous day’s close price of Rs. 303.35.
Its revenue from operations half yearly grew by 667 percent from Rs. 8.37 Crores in H1FY23 to Rs. 64.24 Crores in H2FY24 and it grew by 620 percent from Rs. 8.91 Crores in H2FY23 to Rs. 64.24 Crores in H2FY24. Annually it generated a revenue of Rs. 67.34 Crores in FY23 to Rs. 72.62 Crores in FY24, indicating a growth of 7.84 percent.
Half Yearly it made a profit of Rs. 12.46 Crores in H2FY24 from a loss of Rs. 3.09 Crores in H1FY24 and a loss of Rs. 10.10 Crores in H2FY23. Annually it generated a Net Profit of Rs. 4.66 Crores in FY23 to Rs. 9.36 Crores in FY24, indicating a growth of 101 percent.
Trident Techlabs Limited provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries. It has 2 business verticals i.e., engineering solutions and power system solutions.
The engineering solutions business vertical provides consulting and technical services in system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modeling, reliability and quality, design automation, power electronics, PCB design, and electromagnetic simulations.
Its Power System Solutions business vertical provides products and services to power distribution utilities that help them maximize the capacity of aging transmission infrastructure, manage increasing intermittent generation from renewable energy sources, and deploy smart grid technologies that add complexity to transmission investment decisions.
It has reported a return on equity (ROE) of 49.6 percent, a return on capital employed (ROCE) of 38 percent, and a debt-to-equity ratio of 0.41.
Written by: Bharath K.S
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