Latest news with #CentumElectronics
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Business Standard
27-05-2025
- Business
- Business Standard
Smallcap stock hits new high in weak market; up 70% from May-month low
Centum Electronics share price today Shares of Centum Electronics moved higher by 14 per cent to hit an all-time high of ₹2,582.40 on the BSE in Tuesday's intra-day trade in an otherwise weak market. The smallcap stock engaged in industrial products business surpassed its previous high of ₹2,446.10 touched on May 23, 2025. The stock has appreciated by 70 per cent from its current month low of ₹1,515.20 touched on May 9, 2025. It has been more-than-doubled or zoomed 126 per cent from its 3-month low of ₹1,140.15 touched on March 4, 2025. At 02:35 PM; Centum Electronics was trading 11 per cent higher at ₹2,510.80, as compared to 1.1 per cent decline in the BSE Sensex. Centum Electronics trades at 123% premium over its QIP price Centum Electronics in March 2025 completed a Qualified Institutional Placement (QIP) raising ₹210 crore. The company issued 1.81 million shares at a price of ₹1,160 each. Currently, the stock trades at a 123 per cent premium over its QIP price. Key investors included HDFC Mutual Fund – HDFC Manufacturing Fund and HDFC Defence Fund acquiring nearly 33 per cent of the shares offered. Subhkam Ventures and 3P India Equity Fund were allotted 29.76 per cent and 28.57 per cent, respectively, of the shares offered. Centum Electronics said the net proceeds will be used for repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by the company, capital expenditure for purchase of new equipment and machinery and general purposes. What's driving the rally in Centum Electronics Centum Electronics on May 13, 2025 said that the company has a role to play in developing systems and subsystems for the Space-Based Surveillance, however there is no information available with the company regarding Government's directive to move up the satellite development schedule from four years to 12-18 months. The company had given clarification on news reports that the government has directed three private firms including Centum Electronics to move up their satellite development schedule from four years to 12-18 months. Strong Q4 results & robust order book For the January to March 2025 quarter (Q4FY25), Centum Electronics reported 24 per cent year-on-year (YoY) and 31 per cent quarter-on-quarter (QoQ) growth in consolidated revenue, driven by strong performance in high-margin Build-to-Spec (BTS) business for domestic Defence and Space customers. Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) margin stood at 11.3 per cent, up 44 bps QoQ and 52 bps YoY, driven by higher billing in the BTS segment. The company reported profit after tax of ₹21.5 crore, against loss of ₹6.9 crore in a year ago quarter and loss of ₹19.3 crore in December 2024 quarter. Total order book at end of Q4FY25 stood at ₹1,736.4 crore. Standalone order book surged to ₹1,329.7 crore (vs ₹1,117.8 crore in FY24), led by strong BTS order inflow. New EMS customers have advanced to the qualification and NPI stage, positioning the business for strong revenue growth in FY26, the company said. About Centum Electronics Centum Electronics is in designing and manufacturing electronic systems and manufactures high-end electronic modules, subsystems and systems used in the aerospace, defence, and industrial electronics sectors. The company has delivered mission-critical electronics on almost all satellite programs of ISRO including the ambitious Chandrayaan and Mangalyaan projects and also delivered 300 to 500 components for almost every Indian space mission. The clientele base consists of reputed defence segment companies such as Space Application Centre, ISRO, DRDO's, ABB, Thales, and RAFAEL among others.
Business Standard
23-05-2025
- Business
- Business Standard
Centum Electronics reports consolidated net profit of Rs 21.53 crore in the March 2025 quarter
Sales rise 28.83% to Rs 365.70 crore Net profit of Centum Electronics reported to Rs 21.53 crore in the quarter ended March 2025 as against net loss of Rs 6.90 crore during the previous quarter ended March 2024. Sales rose 28.83% to Rs 365.70 crore in the quarter ended March 2025 as against Rs 283.86 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 1.93 crore in the year ended March 2025 as against net loss of Rs 2.76 crore during the previous year ended March 2024. Sales rose 7.88% to Rs 1130.86 crore in the year ended March 2025 as against Rs 1048.25 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 365.70283.86 29 1130.861048.25 8 OPM % 11.366.39 - 8.558.19 - PBDT 35.4512.17 191 72.5258.03 25 PBT 25.360.14 18014 28.4312.76 123 NP 21.53-6.90 LP -1.93-2.76 30
Business Upturn
23-05-2025
- Business
- Business Upturn
Centum Electronics shares jump 8% as Q4 revenue rises 28.8% YoY to Rs 365.6 crore
By Aman Shukla Published on May 23, 2025, 09:51 IST Centum Electronics saw its share price rise by 8% in morning trade on Friday after announcing its Q4 results. As of 9:49 AM, the shares were trading 8.01% higher at Rs 2,223.60. For the quarter ended March 2025, Centum Electronics reported a 28.8% year-on-year increase in revenue, reaching ₹365.6 crore, up from ₹283.8 crore in the corresponding period of the previous fiscal. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at ₹38.3 crore, a notable rise from ₹5 crore a year ago, reflecting improved operational efficiency. EBITDA margins improved to 10.5% in the quarter under review, compared to 1.8% in the same period last year. This margin expansion indicates stronger cost control and better revenue realization. Net profit stood at ₹21.5 crore, a turnaround from a loss of ₹6.8 crore in Q4 FY24. The quarter also included an exceptional gain of ₹4.4 crore, contrasting with an exceptional loss of ₹4.8 crore in the previous year's fourth quarter. Centum Electronics shares opened and peaked at ₹2,465.00, marking a new 52-week high. However, the stock saw a sharp intraday low of ₹2,214.00, indicating high volatility. The previous 52-week low was ₹1,140.30, showing significant upward momentum over the year. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
14-05-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 14 May 2025
Breakout stocks buy or sell: Benchmark indices, the Sensex and the Nifty 50, saw sharp declines on Tuesday, May 13, following a strong rally of nearly 4 percent the previous day triggered by eased tensions between India and Pakistan. The Sensex dropped by 1,282 points, or 1.55%, closing at 81,148.22, while the Nifty 50 fell 346 points, or 1.39%, to end the day at 24,578.35. The BSE Midcap and Smallcap indices closed with gains, rising by 0.17 percent and 0.99 percent respectively, outperforming the benchmark indices. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious to positive as the Nifty 50 index is trading in 24,450 to 24,900 range. Speaking on the outlook of Indian stock market, Bagadia said, ' Bullish or bearish trend can be assumed on the breakage of either side of the range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — Centum Electronics, TD Power Systems, Allied Blenders and Distillers, Fiem Industries, and Lumax Industries. 1] Centum Electronics: Buy at ₹ 2016, target ₹ 2160, stop loss ₹ 1950; 2] TD Power Systems: Buy at ₹ 464.8, target ₹ 500, stop loss ₹ 448; 3] Allied Blenders and Distillers: Buy at ₹ 380.9, target ₹ 410, stop loss ₹ 365; 4] Fiem Industries: Buy at ₹ 1592.5, target ₹ 1700, stop loss ₹ 1540; 5] Lumax Industries: Buy at ₹ 2577.4, target ₹ 2750, stop loss ₹ 2480. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Mint
12-05-2025
- Business
- Mint
India fast-tracks $3-billion spy satellite scheme following Operation Sindoor
New Delhi: India is looking to give its satellite-based surveillance capabilities a rapid makeover, as the country navigates a tenuous ceasefire with neighbour Pakistan after the worst hostilities seen since a war between them in 1971. The Centre has tasked three private firms–Ananth Technologies, Centum Electronics, and Alpha Design Technologies–to compress their satellite development timeline from four years to 12-18 months, according to three people aware of the matter. The satellites are now targeted to be ready by end-2026 or earlier instead of end-2028, the three people said, requesting anonymity due to the matter's sensitivity. One of the satellites–under advanced stages of development by Ananth Technologies–may even be ready this year itself, one of the people cited above said. It would be launched either aboard Isro's heavy rocket, Launch Vehicle Mark-III (LVM3), or Elon Musk-backed SpaceX—depending on their respective mission schedules this year. Also read | Operation Sindoor: A doctrinal shift and an inflection point The soft orders to expedite the latest generation of surveillance satellites were issued from the ministry of defence (MoD) just before India commenced Operation Sindoor against Pakistan. The accelerated effort is part of the $3-billion Space-based Surveillance-3 (SBS-3) scheme, which was approved by the cabinet committee on security (CCS) last October with a net budgetary outlay of $3 billion subject to revisions. In this scheme, a total of 52 surveillance satellites are being built. While the three private companies are building 31 of these, the remaining will be built and deployed gradually by India's central space agency, Indian Space Research Organisation (Isro). 'It is a necessary move in light of such sensitive geopolitical interactions," one of the people cited above said, adding that the SBS-3 constellation will work as a crucial piece of infrastructure for India's national security, and is a prime example of the kind of large contracts that the Centre can offer private space firms. Emailed queries sent to the three companies, as well as the defence ministry—the nodal ministry that will access the satellites for national defence and security usage—did not receive responses till press time. Spy satellite builders The three private-sector companies—Hyderabad-based Ananth Technologies, and Bengaluru-based Centum Electronics and Alpha Design Technologies—are long-standing partners, suppliers and vendors of Isro, and have played key roles in previous surveillance satellites, as well as landmark Indian space missions such as the successful Chandrayaan-3. Ananth Technologies, led by former Isro veteran Subba Rao Pavuluri, was a key supplier of components to the Chandrayaan-3 mission. So, too, was Centum—led by its chairman, Apparao Mallavarapu. Ananth Technologies earned ₹270 crore in revenue in FY24. In the same fiscal year, Centum, which is publicly listed on the National Stock Exchange, reported ₹632 crore in revenue. In FY25 (nine months to December 2024), it reported revenue of ₹479 crore. The third company, Alpha Design, was wholly acquired by Adani Defence and Aerospace, which is a subsidiary of Adani Enterprises, in April 2019. Alpha Design has been one of Isro's key partners in building and deploying the Indian Regional Navigation Satellite System (IRNSS), which seeks to replace the global positioning system (GPS) in India with NavIC, an indigenous navigation standard. The company reported ₹536 crore in operating revenue in FY24, as per data from credit rating agency, Crisil. Also read | Operation Sindoor: India repulses drone attacks as conflict continues All three companies are rated highly by credit rating agencies Care Edge and Crisil, based on large pending orders driven by Isro and the ministry of defence (MoD), among others. For space firms, internal government contracts are key. In July 2024, former Isro chairman S. Somanath told Mint on the sidelines of a space conclave in New Delhi that the Centre, along with Isro and multiple agencies across ministries, is working to create awareness of the capabilities that private space firms bring to the table, and how they can be tapped for cutting-edge purposes such as secure communications, data analytics and more. Industry veterans, too, believe that private firms can play key roles. Chaitanya Giri, space fellow at global think-tank Observer Research Foundation (ORF), told Mint that private space firms will continue to be preferred in large-scale, sensitive projects such as SBS-3. 'Each of these private players are already suppliers to the central space agency, which makes the manufacturing and eventual deployment of satellites for various purposes a project right up their alley," Giri said. 'In the long run, more such government projects will see India start to drive revenue to the private space sector in the same model as the rest of the world—despite them wanting to showcase the Indian space sector as an open market." Also read | Operation Sindoor: Tensions spark worry over kharif sowing in border states
