DCX Systems shares were trading 2 percent higher on September 25 after the company announced that its subsidiary Raneal Advanced Systems had received ‘all necessary approvals’ for the production of printed circuit board assembly (PCBA).
“The company is now ready to commence commercial production of PCBAs from September 25 onwards,” it said in a regulatory filing.
A PCBA is a vital component in electronic devices. It serves as the backbone, connecting and supporting various electronic components like resistors, capacitors, integrated circuits, and connectors. This allows them to communicate and function as intended.
At 1:30 pm on the NSE, the DCX Systems stock was quoting at Rs 301.75 apiece, up Rs 6.75, or 2.29 percent.
The stock has a P/E of 38.27x making it the second cheapest in absolute terms among its peers.
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In its results for the April-June quarter, the company reported a 20.23 percent YoY (year-on-year) decline in revenue from operations at Rs 170.10 crore. Net profit for the quarter was up 72.35 percent YoY at Rs 9.60 crore. The operating profit margins for the quarter expanded by 217 basis points on a yearly basis to 12 percent.
DCX Systems is engaged in the business of providing technology solutions and services. Its offerings include network management systems, software applications, and customized IT solutions.
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