Throughout Friday’s buying and selling session, the shares of an organization engaged in software program & {hardware} growth, consultancy providers, digital equipments and different expertise options surged round 7.4 p.c on NSE, after securing a piece order price $5,01,993 from a Singapore-based firm.
Value Motion
With a market capitalisation of Rs. 170.2 crores, at 12:49 p.m., the shares of Canarys Automations Restricted had been buying and selling within the inexperienced at Rs. 30.3 on NSE, up by round 7.3 p.c, as in opposition to its earlier closing worth of Rs. 28.25. The inventory hit its 52-week excessive at Rs. 68.7 on eighth July 2024, and in comparison with its present worth stage of Rs. 30.3, the inventory is buying and selling at a reduction of practically 56 p.c.
What’s the Information
As per the newest regulatory filings with the NSE, Canarys Automations Restricted has acquired an order price $501,993 beneath a fixed-price contract from Manali Consulting Pte Ltd., Singapore, to remodel the enterprise planning and forecasting processes of Saudi Electrical energy Firm (SEC). The venture is ready to be accomplished between March 2025 and October 2025.
The corporate will ship certainly one of its flagship SAP Enterprise Portfolio and Undertaking Administration options to SEC. Collectively, each events will make sure the profitable implementation and rollout to the designated enterprise traces as a part of SEC’s Digital Transformation journey in WAVE2.
This venture will considerably improve Canarys Automations’ SAP capabilities throughout the Utilities business area, driving progress and increasing its experience in skilled providers.
Additionally learn: Inventory beneath ₹15 jumps after receiving order price over ₹9 Cr From Dubai primarily based Co.
Earlier Orders
sixteenth December 2024: The corporate secured a piece order price Rs. 15.5 crores from the Authorities of Tamil Nadu, Water Sources Division, Chennai, for the provision, set up, testing and commissioning of SCADA (Supervisory Management and Knowledge Acquisition) primarily based Reservoir Gate Automation and Operations System. This consists of 5 years of Operations and Upkeep for the Chennai Metropolis Water Provide Reservoirs Undertaking.
twenty first March 2025: Canarys Automations was awarded a piece order valued at practically Rs. 6 crores from Compviz Applied sciences Non-public Restricted, with fee due inside 30 days from the date of bill.
The scope of this order consists of the software program design/growth of an Android cellular utility for EHP Inspection Knowledge visualization and a Defect Monitoring Module, in addition to information gathering & consolidation, information validation & processing, and information evaluation & reporting.
Financials
Canarys Automations skilled vital progress in its income from operations, exhibiting a year-on-year rise of 21.3 p.c, from Rs. 31 crores in H1 FY24 to Rs. 37.6 crores in H1 FY25. Equally, its web revenue elevated throughout the identical interval from Rs. 2.65 crores to Rs. 4.2 crores, indicating a powerful progress of round 58.5 p.c YoY.
Concerning the Firm
Canarys Automations Restricted, one of many main IT options suppliers, is engaged within the enterprise of software program and {hardware} growth and upkeep and consultancy providers and operation of digital tools, together with endeavor the execution of built-in water administration system tasks on a turnkey foundation.
Written by Shivani Singh
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