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.
- New Zealand Dollar Falls to a Two-Month Low
- Everstage Raised $30 Million Backed by Eight Roads Ventures
- Nifty 50 Dips Under 25,000 as IT and Auto Sectors Face Heavy Sell-Off
- Nirmala Sitharaman Visiting Mexico and the US of Crucial Economic Meetings
- Akums Drugs Soars Over 5% on Distribution Agreement with Canada’s Triple Hair
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.