Shares of Centum Electronics (Centum) jumped 17% in intraday trade on Thursday to hit a fresh high of Rs 1,200 on the BSE, extending the last three months after the company reported strong March quarter (Q4FY23) earnings and healthy order books. Shares of the industrial products company have rallied 48% over the past four sessions.

Centum is one of India’s largest Electronic Systems Design and Manufacturing (ESDM) companies. The company provides full-service design services and system manufacturing subsystems for mission-critical products in the defence, aerospace, aerospace, industrial, transportation and medical sectors.

The company has three business segments – Electronics Manufacturing Services (EMS), which accounted for 39% of total revenue; Engineering Research and Development (ER&D) Services (32%) and Build to Spec (BTS) (29%).

In Q4FY23, Centum posted a consolidated profit after tax of Rs 25.8 crore, compared to a loss of Rs 6.4 crore in the same period last year.

Consolidated operating income in the fourth quarter rose 60% quarter-on-quarter and 35% year-on-year to Rs 316.3 crore, driven by better performance across all business units. The delivery of certain long-gestating projects at BTS Space was a major contributor to fourth-quarter revenue.

EBITDA improved significantly by 213 basis points to 15.9% in the fourth quarter due to higher revenues and a better mix at BTS.

Centum’s orderbook stood at Rs 1,538 crore as on March 31, 2023, up from Rs 1,440 crore by the end of the December quarter of 2022 and Rs 1,090 crore by the end of the 2021-22 financial year.

The company said that health orders on hand were primarily driven by new business from new and existing EMS customers. The company further said its main focus is increasing orders from the BTS division in FY24.