Sahasra Electronics shares tank 30% in two days after weak H1 results; SME firm announces investor call on Nov 27

Shares of SME firm Sahasra Electronics fell further on November 25 as the selling pressure continued due to its weak HIFY25 results.

The stock fell a whopping 30% in two sessions with it trading 9% lower at Rs 655.7 on November 24. The market capitalisation of the stock is Rs 1,656 crore. Its 52-week low is Rs 537.7 and 52-week high is Rs 1,013.

In the six months till September 30, 2024, Noida-based Sahasra Electronics standalone net profit fell 70% to Rs 7 crore as against Rs 23 crore in the year-ago period. The company's revenue from operations declined 12% to Rs 41 crore in H1FY25.

Managing Director and promoter Amrit Lal Manwani had said: "Sahasra has achieved expected revenue in the 1st half of FY2024-2025, with profit margins exceeding industry average. Consistent with our guidance, our margins, both at the EBITDA and PAT levels, have been recognised as the best in the industry for this period. Our order book has reached an impressive Rs 115 crore, providing revenue visibility for FY25 and beyond. This robust order book gives us the confidence to sustain our growth trajectory and achieve the revenue targets set for the current year."