DCX Systems shares hit 5% upper circuit after securing orders worth Rs 107 crore

DCX Systems, along with its subsidiaries, manufactures and sells electronic sub-systems and cable harnesses for the aerospace and defence sectors, both in India and internationally.

DCX Systems shares snapped a three-day losing run to hit an upper circuit of 5 percent at Rs 337.95, after the company received orders worth Rs 107.08 crore from both domestic and international customers. These contracts involve the supply of electronic kits as well as cable and wire harness assemblies, and are scheduled for completion within the next 12 months.

DCX System's shares have now gained 20 percent in the past one year, however this is an underperformance to Nifty 50 which has risen 26 percent during the same period. Despite delivering strong returns of 16 percent in June and 6 percent in July, the stock has dipped 12 percent so far in August.

DCX Systems announced its Q1 FY25 results on August 12, revealing a challenging start to the fiscal year. The company reported a steep 69 percent year-on-year decline in consolidated net profit, falling to Rs 2.94 crore. Revenue from operations also saw a 19 percent YoY drop, down to Rs 138.08 crore. Additionally, the company posted an operating loss of Rs 4.8 crore for the June quarter, primarily driven by rising costs.

Follow our live blog for all the market action

DCX Systems, along with its subsidiaries, manufactures and sells electronic sub-systems and cable harnesses for the aerospace and defence sectors, both in India and internationally. The company's product offerings include cable and harness assemblies, fine wire cable assemblies, flex flat cable assemblies, EMI shield cable harnesses, wired enclosures, backplane assemblies, diagnostic test sets, conduit assemblies, and special/customized connectors.

In addition to these, DCX Systems provides electronic manufacturing services such as printed circuit board assembly, design for manufacturability analysis, electro-mechanical assembly, conformal coating, in-circuit and functional level testing, burn-in/environmental stress screening vibration testing, as well as repair and revision upgrading services.

DCX Systems was originally known as DCX Cable Assemblies Pvt Ltd. Incorporated in 2011, DCX Systems is headquartered in Bengaluru, India.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.