Richa Info Systems shares rise 5% amid high volumes

Richa Info Systems Ltd share prices gain 5% early on trade

Richa Info Systems Ltd. shares gained 5 percent at Rs 80.85 apiece in early trade on January 9 amid high volumes.

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Richa Info Systems Limited had earlier announced about entering into a significant Supply and Services Agreement with Roopyaa Tradebizz Limited, a prominent provider of trade and business management advisory services and a market distributor of diverse products. This agreement, valued at Rs. 100 crore, mandates Richa Info Systems to provide services related to television and associated items, encompassing TV technologies and related services.

Roopyaa Tradebizz Limited is a domestic entity, and the implementation of this contract is scheduled to be completed within six months. This agreement aligns with Richa Info Systems' strategic objectives and is expected to contribute significantly to the company's growth and revenue generation.

For Q2FY25, the company had registered a consolidated net revenue increase of 0.3 percent year-on-year at Rs 1,130 crore. Its operating profit stood at Rs 290 crore, compared to Rs 280 crore in Q2FY24, with operating margin at 26 percent, compared to 25 percent in Q2FY24. Net profit remained flat at Rs 210 crore while net margin increased slightly to 18.7 percent, compared to 18.5 percent in Q2 FY24. EBITDA was higher by 15.5 percent YoY.