DCX Systems wins order from L&T worth ₹1,250 crore, stock soars 11%

Earlier this month, DCX Systems received orders from domestic and overseas customers worth ₹32.20 crore. The order pertained to the supply of cable and wire harness assemblies and is expected to be executed within 12 months.

DCX Systems saw a 19.89% year-on-year (YoY) decline in its net profit for the fourth quarter of the financial year 2024 at ₹32.95 crore. The consolidated revenue from operations during the quarter saw an uptick of 46.16% YoY at ₹746.2 crore. The company’s earnings before interest and tax (EBIT) came in 5.89% YoY lower at ₹51.91 crore.

During Q4, the EBIT margin contracted to 6.96% compared to 10.80% in the corresponding period last year. At the same time, the net profit margin declined to 4.42% from 8.06% in Q4FY23.

In FY24, the company’s net profit rose by 5.72% YoY to ₹75.78 crore. The company’s consolidated revenue from operations was up 13.59% YoY to ₹1,423 crore while EBIT came in higher by 11.68% YoY to ₹124.41 crore. The EBIT margin contracted to 8.74% from last year’s 8.89%. Meanwhile, the net profit margin for FY24 contracted to 5.32% from 5.72%.

HS Raghavendra Rao, chairman and managing director of DCX Systems said the company raised ₹500 crore through qualified institutional placement. “The proceeds of funds raised through QIP would be utilised towards investment in NIART Systems, our JV agreement with ELTA Systems. We shall be developing and supplying obstacle detection solutions based on radar and optics technologies for the railway industry and also invest in opportunities through JV/Subsidiaries catering to the defence and aerospace sector through the transfer of technology from original equipment manufacturers (OEMs),” he said.

Shares of the company have risen by nearly 22% since the beginning of the year. The stock has gained over 67% in the last one year.