Latest news with #RossellIndia
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Business Standard
4 days ago
- Business
- Business Standard
Rossell Techsys zooms 109% in 3 months; what's driving the defence stock?
Rossell Techsys share price today: Shares of Rossell Techsys hit a new high of ₹645.65, as they rallied 9 per cent on the BSE in Friday's intra-day trade in otherwise a weak market. The stock price of the aerospace & defence company has surpassed its previous high of ₹619.90 touched on July 23, 2025. In comparison, the BSE Sensex was down 0.65 per cent at 80,097 at 02:02 PM. In the past three months, the stock zoomed 109 per cent. Rossell Techsys made its stock market debut on December 9, 2024 on demerger of 'The Aerospace and Defense Business' of Rossell India. What's driving aerospace & defence stock? The recent movement in the share price and trading volume appears to be market-driven and may be attributed to investor sentiment, speculation, or other external factors beyond the company's control, Rossell Techsys said in an exchange filing on July 24, 2025. The company further said it remains committed to ensuring timely and transparent disclosure of all material information and developments to the stock exchanges and stakeholders, in accordance with applicable regulations. Rossell Techsys Q1 results The meeting of the board of directors of the Rossell Techsys is scheduled to be held on Wednesday, August 13, 2025, inter alia to approve and take on record the unaudited financial results for the quarter ended June 30, 2025, the company said in exchange filing. Rossell Techsys strategic outlook Rossell Techsys is aligned with India's Aatmanirbhar Bharat and Make in India initiatives through its advanced capabilities in high-reliability interconnect systems and embedded technologies. The company continues to support both indigenous defense programs and global platforms. Looking ahead, the company, while announcing Q4 results on May 28, 2028 announced that it plans to scale operations, enter higher-value domains, and deepen global engagement. R&D efforts will focus on automation, innovation, and operational scalability to meet growing customer expectations. Rossell Techsys currently serves over 30 global clients, including Boeing, Lockheed Martin, Honeywell, IAI, BAE Systems, and the Indian Air Force. Q4 performance was driven by higher order volumes from key aerospace and defense clients, as well as growing traction in adjacent sectors such as space, semiconductors, energy, and transportation. The company continues to expand its footprint across international markets, including the United States, Israel, and Eurasia, the company said. About Rossell Techsys Rossell Techsys is a leading Indian aerospace and defense company specializing in high-reliability engineering and manufacturing services. The company partners with global original equipment manufacturers (OEMs) to deliver mission-critical solutions across a range of sectors.
Business Standard
05-08-2025
- Business
- Business Standard
Rossell India standalone net profit rises 8.68% in the June 2025 quarter
Sales rise 42.63% to Rs 40.45 croreNet profit of Rossell India rose 8.68% to Rs 8.01 crore in the quarter ended June 2025 as against Rs 7.37 crore during the previous quarter ended June 2024. Sales rose 42.63% to Rs 40.45 crore in the quarter ended June 2025 as against Rs 28.36 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 43 OPM %26.4832.55 -PBDT10.169.68 5 PBT8.868.46 5 NP8.017.37 9 Powered by Capital Market - Live News
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Business Standard
10-07-2025
- Automotive
- Business Standard
Rossell Techsys aims to double role in defence aircraft, eyes 15% share
Rossell Techsys plans to more than double its role in defence aircraft production, aiming to capture 15 per cent of an aircraft platform's value within the next three to five years, up from the current 7 per cent, a senior executive told Reuters on Thursday. Based in Bengaluru, the company is expanding its capabilities as global aerospace firms increasingly look to India for components, boosting the domestic aerospace sector. 'We are broadening our capabilities and entering new domains, moving up the value chain. That will deepen our service offerings,' said Founder and Managing Director Rishab Gupta. Rossell Techsys expects to grow its workforce from over 850 to about 1,000 by the end of the year and anticipates a 30 to 35 per cent annual increase in headcount going forward. Originally part of Rossell India, the company was listed separately in December. It supplies components such as engine wiring harnesses and cockpit panels to major players like Boeing, Lockheed Martin, and Honeywell. Founded in 2011 as the aerospace and defence division of Rossell India, the company now earns nearly two-thirds of its revenue from US-based customers, reflecting its export-oriented business model. Although it operates a US office in Tempe, Arizona, it does not have manufacturing facilities there. Gupta noted that the company has not been affected by US tariffs so far, a factor still under close watch by global manufacturers. 'We're not duplicating what we do in India,' Gupta said, adding that future growth in the US market would likely come through acquisitions rather than setting up new plants. In the financial year 2025, Rossell Techsys reported a 20 per cent increase in revenue, reaching ₹260 crore (around $30.3 million). It currently holds purchase orders worth ₹800 crore and has long-term agreements with defence firms valued at ₹2,800 crore. Since 2018–19, the company has expanded its customer base from serving only Boeing to 36 clients. In the past two years alone, it has added around 25 to 28 new customers, including European and Israeli defence companies.
Business Standard
29-05-2025
- Business
- Business Standard
Rossell India reports standalone net loss of Rs 22.05 crore in the March 2025 quarter
Sales decline 15.55% to Rs 8.31 crore Net Loss of Rossell India reported to Rs 22.05 crore in the quarter ended March 2025 as against net loss of Rs 18.45 crore during the previous quarter ended March 2024. Sales declined 15.55% to Rs 8.31 crore in the quarter ended March 2025 as against Rs 9.84 crore during the previous quarter ended March 2024. For the full year,net profit rose 2361.25% to Rs 19.69 crore in the year ended March 2025 as against Rs 0.80 crore during the previous year ended March 2024. Sales rose 21.97% to Rs 177.35 crore in the year ended March 2025 as against Rs 145.40 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 8.319.84 -16 177.35145.40 22 OPM % -293.86-198.68 - 14.693.84 - PBDT -25.22-18.83 -34 25.896.32 310 PBT -26.30-19.94 -32 21.221.49 1324 NP -22.05-18.45 -20 19.690.80 2361
