Synopsis:
Sahana System Limited has been empanelled as a Design Service Provider for BEL, enabling collaboration on AI/ML, NLP, ERP, and custom technology projects.
During Tuesday’s trading session, shares of a deep-tech IT Service Management solutions provider moved up by nearly 4.3 percent on NSE, after securing official empanelment as a Design Service Provider for Bharat Electronics Limited (BEL), a Navratna PSU under the Ministry of Defence.
At 10:31 a.m., the shares of Sahana System Limited were trading in the green at Rs. 1,339 on NSE, up by around 3 percent, as against its previous closing price of Rs. 1,301.85, with a market cap of Rs. 1,183 crores. From its 52-week high of Rs. 2,135 hit on 17th December 2024, the stock is now trading at a discount of around 37 percent as compared to its current price levels.
What’s the News
According to the latest regulatory filings with the NSE, Sahana System Limited has officially been empanelled as a Design Service Provider for Bharat Electronics Limited (BEL), a Navratna Public Sector Undertaking under India’s Ministry of Defence.
This empanelment positions Sahana as a trusted partner in critical technology areas for BEL, covering key areas such as Natural Language Processing (NLP), Artificial Intelligence/Machine Learning (AI/ML), Computer Vision, e-Governance, Enterprise Resource Planning (ERP), and Healthcare Solutions.
This collaboration paves the way for Sahana to collaborate with BEL’s various units, Strategic Business Units (SBUs), and labs on customised and build-to-spec projects. All such collaborations will follow BEL’s formal processes, including the execution of Non-Disclosure Agreements (NDAs) and Memoranda of Understanding (MoUs), ensuring that joint projects are carried out within a clear, structured, and legally compliant framework.
Financials & more
Sahana Systems reported a significant growth in its revenue from operations, showing a year-on-year rise of around 155 percent from Rs. 45 crores in H2 FY24 to Rs. 115 crores in H2 FY25. Similarly, its net profit increased during the same period from Rs. 14 crores to Rs. 25 crores, representing an increase of about 79 percent YoY.
Sahana Systems Limited is in the business of offering IT-related services, including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI/UX design, SEO & ASO, digital marketing, website & application migration, cyber security, and outsourcing of IT services.
It serves industries such as healthcare, surveillance, retail, education/e-learning, restaurants, banking, media & entertainment and fintech. Additionally, Sahana Systems is engaged in the trading of hardware instruments related to franking machines, computers, LED or laptops. The company plans to enter the electric vehicle industry by installing EV charging stations at various locations in Andhra Pradesh.
Written by Shivani Singh
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