The shares of this smallcap stock, engaged in semiconductor and system design, hit an upper circuit of 10 percent after the company announced a 407 percent increase in its net profits in Q3 FY25.
Price Action
With a market capitalization of Rs 3,818.73 crore, the shares of Moschip Technologies Ltd hit a 10 percent upper circuit of Rs 200.05 percent in Thursday’s trading session as compared to its previous closing price of Rs 181.90 per share.
What Happened
The shares of Moschip Technologies Ltd surged after the company reported its Q3 FY24-25 results. Its revenue from operations grew by 40 percent year on year from Rs 89.62 crore to Rs 126.15 crore in Q3FY25. On a quarter on quarter basis, it increased 0.4 percent from Rs 125.62 crore in Q2FY25.
This was accompanied by a whopping 407 percent increase in net profits from Rs 2.18 crore to Rs 11.05 crore in Q3FY24. On a quarterly basis, there was a 13.6 percent increase from Rs 9.73 crore.
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Segment Revenue
The semi conductor segment contributed to 78.8 percent of the total revenue with Rs 99.31 crore while the software and system design segment accounted for 21.2 percent with Rs 26.84 crore.
Company Overview
Moschip Technologies Ltd is engaged in semiconductor and system design, specializing in Turnkey ASICs, Mixed Signal IP, product engineering, and IoT solutions for aerospace, defense, consumer electronics, automotive, medical, and telecommunications sectors.
The company has stable engagements in the semi conductor segment where around 10 of the top 20 semiconductor companies are Moschip’s customers.
Moschip Technologies has a ton of emerging opportunities thanks to the regional push for Make in India products. This includes EV Scooters, automotive and IoT. With 5 design centres, it provides services to Tier 1 customers at a global level.
Written by Shwetha Sairam
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