Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
STOCK MARKET

DCX Systems Drops After Q2 PAT Slips 32% YoY

The company has received an order for RF Electronic Modules from Israel's Elta Systems.

After the company reported a net profit of 32 per cent net profit to Rs 7.88 crore in the second quarter of FY23 from Rs 11.64 crore in the second quarter of FY22, then DCX System’s net profit went down to 1.34 per cent to Rs 275.35.

During the second quarter, revenue from operations declined by 8 per cent yearly to Rs 173.88 crore. Total expenses fell by 6 per cent to Rs 171.24 crore in the September quarter of FY23 over the September quarter of FY22. 

Compared with the second quarter of FY23, PBT stood at Rs 9.07 crore, down by 33 per cent from Rs 13.48 crore in the second quarter of FY22.

Indian manufacturer of electronic sub-systems and cable harnesses in the defence and aerospace sector. The company’s operations are classified as system integration, wire harness assemblies, kitting and cables.

Get Daily Prediction & Stocks Tips On Your Mobile