Synopsis:
Hiliks Applied sciences hit its 20 % higher circuit after securing a Rs. 33.39 crore sub-contract order from MSR-Medikonda JV for railway signalling and telecommunication works beneath South Central Railway.
The data know-how inventory was in sharp focus after bagging a serious railway signalling and telecommunication order. The event lifted investor confidence, propelling the counter to its 20 % higher circuit in intraday commerce.
Hiliks Applied sciences Ltd, with a market capitalization of Rs. 60.44 crore, opened at Rs. 56.40 towards a earlier shut of Rs. 53.02 and surged to a excessive of Rs. 63.62, hitting its 20 % higher circuit.
What’s the Information?
The corporate introduced that it has obtained a sub-contract order from MSR-Medikonda JV, which is executing an EPC contract from the South Central Railway Zone. The scope of labor includes complete signalling and telecommunication works in reference to the doubling of the railway observe between Dornakal Junction and Bhadrachalam Highway Station, protecting Km 14.10 (earlier than Karepalli Crossing Station) to Km 35.420 (past Chimalpahad yard).
The challenge consists of Digital Interlocking and OFC Communications and will probably be executed over a interval of 18 months. The entire contract worth stands at Rs. 33.39 crore, and it has been awarded by a home entity by way of a sub-contract association.
Monetary Snapshot
On a quarter-on-quarter foundation, the corporate’s gross sales declined from Rs. 2.05 crore to Rs. 1.79 crore, marking a fall of 12.7 %. Working revenue remained flat at Rs. 0.44 crore. Revenue earlier than tax decreased from Rs. 0.20 crore to Rs. 0.14 crore, down 30.0 %, whereas web revenue rose considerably from Rs. 0.03 crore to Rs. 0.14 crore, up 366.7 %.
On a year-on-year foundation, gross sales elevated from Rs. 1.05 crore to Rs. 1.79 crore, an increase of 70.5 %. Working revenue improved from Rs. 0.26 crore to Rs. 0.44 crore, up 69.2 %. Revenue earlier than tax grew from Rs. 0.10 crore to Rs. 0.14 crore, a acquire of 40.0 %, whereas web revenue superior from Rs. 0.10 crore to Rs. 0.14 crore, up 40.0 %.
In regards to the Firm
Hiliks Applied sciences Restricted operates within the info know-how companies sector in India, providing a large portfolio starting from {hardware} and software program growth, system networking, and satellite tv for pc communications to name facilities, medical transcription, and billing companies. It additionally gives manpower consulting, coaching, assist desk, and BPO options. The corporate develops buyer relationship administration and ERP software program, networking options, and consultancy companies. Its choices lengthen to sensible playing cards, biometric and iris options, GIS for city planning, ports, and sensible cities, telecom infrastructure reminiscent of OFC and wi-fi connectivity, and mobility platforms. Moreover, it gives railway know-how options, consulting, and digitization companies.
Written By Manan Gangwar
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