Synopsis:
Softvan Limited, a subsidiary of Sahana Systems, secured a Rs. 7.74 crore Indian Navy contract via GeM to upgrade RF and Non-RF infrastructure, enhancing defence communication and testing by April 2026.
During Wednesday’s trading session, shares of a pioneering IT services provider specialising in AI, ML, IoT, Blockchain and IT outsourcing surged nearly 4 percent, after the company announced securing a major defence contract from the Indian Navy, Department of Military Affairs, Ministry of Defence.
With a market cap of Rs. 910 crores, shares of Sahana System Limited closed in the green at Rs. 1,030 on BSE, up by around 3 percent, as against its previous closing price of Rs. 1,003.1. The stock hit its 52-week high at Rs. 2,135 on 17th December 2024, and is trading at a discount of around 52 percent from its Wednesday’s closing price levels.
What’s the News
According to the latest filings with the NSE, Sahana Systems Limited announced that its subsidiary, Softvan Limited, has secured a significant contract worth Rs. 7.74 crores from the Indian Navy, Ministry of Defence (Government of India).
Deliveries for the order are scheduled to commence after 7th October 2025, with full payment expected within 30 days from the date of acceptance of the items. The delivery timeline is set to be completed by 5th April 2026.
The contract underscores Softvan Limited’s growing expertise and reliability in executing high-technology projects that cater to the strategic and mission-critical requirements in the defence sector.
Awarded through the Government e-Marketplace (GeM) platform, the project involves the design, supply, and implementation of both RF (Radio Frequency) and Non-RF infrastructure to upgrade the existing RF Measurement System.
This project forms part of broader advanced technical modernisation efforts and represents an important step toward enhancing India’s defence communication and testing capabilities.
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Financials & More
Sahana Systems reported a significant growth in its revenue from operations, showing a year-on-year increase of around 156 percent from Rs. 45 crores in H2 FY24 to Rs. 115 crores in H2 FY25.
Likewise, its net profit increased during the same period from Rs. 14 crores to Rs. 25 crores, representing an impressive rise of nearly 79 percent YoY.
Sahana System Limited is engaged in the business of offering IT related services including web app development, mobile app 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 in some of the industries like healthcare, surveillance, retail, education/e-learning, restaurants, banking, media & entertainment and fintech.
Written by Shivani Singh
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