The stock of the Indian Software Export company, which is mainly engaged in the business of creating databases, are in focus after the company bags orders worth USD 239,000 for developing an EV Application.
With a market capitalisation of Rs. 339.12 crores, on Friday, the shares of Ace Software Exports Limited were trading at Rs 256.1, which is lower than its previous closing price of Rs 269.55. The stock has given 200.69 percent returns in the past year.
What’s the News
Ace Software Exports Limited has received a contract for the development of the EV Charging Application from a leading EV Solutions Company based in the United States of America for an aggregate consideration of USD 239,000 (Rs. 2 Crores). The order is to be executed on or before March 2026.
The scope includes end-to-end development of an EV Charging Application and Kiosk Interface Application, tailored as per the technical and operational requirements of the client. The order is from a Leading EV Solutions Company based in the USA, whose name is not disclosed.
Financials
The company’s revenues grew by 44.73 percent from Rs. 5.12 crores in Q3FY24 to Rs. 7.41 crores in Q3FY25.But its net profits have decreased by 55.87 percent from Rs. 2.81 crores in Q3FY24 to Rs 1.24 crores in Q3FY25
Ace Software Exports Limited is mainly engaged in the business of creating databases. The company provides Document Management, Digital Publishing, and Data Conversion and Technological solutions to its The company has embarked on an expansion and diversification programme, which involves expansion of its existing activities to cater to the large database creation requirement of North American and European markets. The expansion programme envisages nearly a fourfold increase in the existing capacity.
Written By Likesh Babu S
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