DCX Systems Secures Rs 107 Crore Orders Amid Financial Setback

DCX Systems has announced the acquisition of new orders totaling ₹107.08 crore from both domestic and international customers. The contracts involve the supply of electronic kits, cable, and wire harness assemblies, with the completion scheduled within 12 months.

This order highlights DCX Systems' continued prominence in the defense and aerospace sectors, where it is a leading manufacturer of electronic sub-systems and cable harnesses. The company's operations are categorized into system integration, cable and wire harness assemblies, and kitting.

Despite this new business, DCX Systems recently reported a significant financial downturn. The company’s consolidated net profit dropped by 69.4% to ₹2.94 crore, while revenue from operations fell by 18.8% to ₹138.08 crore in Q1 FY25, compared to the same period last year.

Market response to the financial results has been negative, with shares of DCX Systems declining by 2.94%, closing at ₹319.75 on Friday, August 16, 2024.

The new orders may provide a boost to the company as it seeks to recover from recent financial challenges, reaffirming its role in the critical defense and aerospace sectors.

News by Rahul Yelligetti