This company, which provides IT solutions to different organisations, bagged orders from the Life Insurance Corporation of India. In this article, we will look at the scope of this order bagged by this company.
Price Movement
With a market capitalization of Rs 1,509 crore, the shares of Dynacons Systems and Solutions is currently trading at Rs 1,180.10, down by 31.5 percent from its 52-week high of Rs 1,736.90 per share. The stock has given a negative return of 14 percent over the last one year.
About the announcement
The company announced it has secured a Digital Workplace Solutions contract from LIC worth Rs. 138.44 crores. This project involves providing digital workplace solutions covering the supply, installation, and maintenance of desktop computers and all-in-one desktops. The order is to be executed within 3 years.
The company added, “The end-to-end installation and support services, spanning the next three years, are designed to ensure these systems run at peak efficiency over the long term, reinforcing environmentally responsible practices.”
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Financial Highlights
The company reported a revenue of Rs 309 crore in Q3 FY25, up by 37 percent, from its Q3 FY24 revenue of Rs 227 crore. It reported a net profit of Rs 18 crore, up by 40 percent, from its Q3 FY24 net profit of Rs 13 crore. It is currently trading at a P/E of 22x, lower than the industry average of 30.75x. It has an ROE and ROCE of 41.2 percent and 44.2 percent.
About the company
Dynacons Systems & Solutions Limited is an IT solutions company catering to clients in India and overseas. It functions through two major segments: System Integration and Technology Workforce Augmentation Services.
Its solutions are IT consulting, data center solutions (such as server virtualization, enterprise backup, and disaster recovery), workplace and network management, cybersecurity services, and cloud and IT infrastructure support. Dynacons also offers project management, managed services, and staffing services. It serves industries like BFSI, healthcare, enterprises, government, and PSUs, and exports its services overseas.
Written by Satyajeet Mukherjee
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