This small-cap IT company which is in the business of IT services, Software Development, Digital Marketing, and trading of Computer Hardware is up 6.5% as they got a work order from Appsndevices Technologies for the supply of Hardware and services.
The order is related to smart classrooms of 840 schools in Government schools in Uttarakhand state. The contract value stood at Rs. 23.43 crore. The approximate period to be executed is 5 to 6 months.
With a market capitalization of Rs. 1,080 Crores, the shares of Sahana Systems were trading at Rs. 1,266 which was up 6.72 percent from its previous day’s close price of Rs. 1,186.25. The stock has outperformed the Nifty and risen around 243 percent in the past year.
Their recent FY24 results show revenue from operations increased by 125 percent year on year, from Rs. 24 crores in FY23 to Rs. 54 crores in FY24. Their net profit increased by 150 percent year in year, from Rs. 6 crores in FY23 to Rs. 15 crores in FY24. The net profit of FY24 has been at an all-time high over the years.
Sahana System Limited is an information technology (IT) company. The Company’s software solutions are expertise in artificial intelligence development, machine learning applications, application migration, Web and mobile app development, and tender management.
Also read…
Sahana Systems offers services, such as ML and AI development, graphics designing, ChatBot development, search engine optimization, user experience/user interface design, product prototyping, IT project management, digital marketing, Web app development, Web and app migration, and cyber security.
Their segments include Hardware and IT services. The company’s cyber security solutions include penetration testing, vulnerability assessment, and security solutions. Their sustainable products include electric vehicle charging stations and Light Fidelity. Li-Fi is a wireless communication tech that uses light to transmit data.
According to the company’s segment as of FY24, the revenue from IT services contributes around 95.70 percent and the remaining 4.30 percent is from Hardware Trading. The contribution from IT services is significant in FY24 compared to previous years.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
