Latest news with #RossellTechsys
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Business Standard
3 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.
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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.
Reuters
10-07-2025
- Automotive
- Reuters
India's Rossell Techsys eyes bigger role in defence aircraft, targets 15% platform share
July 10 (Reuters) - Rossell Techsys ( opens new tab aims to more than double its contribution to defence aircraft production, targeting a 15% share of an aircraft platform's value within the next three to five years — up from the current 7%, a senior executive told Reuters on Thursday. The Bengaluru-based company's growth plans come as global aerospace players increasingly turn to India for parts sourcing, boosting the country's emerging aerospace sector. We are broadening our capabilities and entering new domains, moving up the value chain. That will deepen our service offerings, founder and Managing Director Rishab Gupta said in an interview. Rossell Techsys plans to expand its workforce to as many as 1,000 employees by year-end, up from more than 850 currently, and expects annual growth in headcount of 30% to 35% going forward. Spun off from Rossell India ( opens new tab and listed in December, Rossell Techsys supplies engine wiring harnesses, cockpit panels and other parts to the likes of Boeing (BA.N), opens new tab, Lockheed Martin (LMT.N), opens new tab and Honeywell (HON.O), opens new tab. Founded in 2011 as Rossell India's aerospace and defence arm, the company now derives nearly two-thirds of its revenue from U.S. clients, underscoring its export-heavy focus. Rossell Techsys has a U.S. footprint through its office in Tempe, Arizona, though it does not operate any manufacturing facilities there. Gupta said the company has so far avoided the impact of U.S. tariffs, a key factor that global manufacturers are monitoring further clarity. "We're not duplicating what we do in India," Gupta said, adding that any U.S. expansion would likely be through inorganic growth. Rossell Techsys posted a 20% jump in revenue to 2.6 billion rupees ($30.3 million) in fiscal 2025. It holds purchase orders worth 8 billion rupees and has strategic agreements with defence manufacturers totaling 28 billion rupees. Since 2018-19, the company has grown its customer base from serving only Boeing to 36 clients, adding 25–28 in the past two years, including European and Israeli defence firms. ($1 = 85.7090 Indian rupees)
Business Standard
27-05-2025
- Business
- Business Standard
Rossell Techsys consolidated net profit rises 362.84% in the March 2025 quarter
Sales rise 55.96% to Rs 87.93 crore Net profit of Rossell Techsys rose 362.84% to Rs 6.85 crore in the quarter ended March 2025 as against Rs 1.48 crore during the previous quarter ended March 2024. Sales rose 55.96% to Rs 87.93 crore in the quarter ended March 2025 as against Rs 56.38 crore during the previous quarter ended March 2024. For the full year,net profit declined 29.44% to Rs 7.91 crore in the year ended March 2025 as against Rs 11.21 crore during the previous year ended March 2024. Sales rose 19.69% to Rs 259.67 crore in the year ended March 2025 as against Rs 216.96 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 87.9356.38 56 259.67216.96 20 OPM % 17.6411.72 - 13.5214.80 - PBDT 12.024.40 173 21.7123.14 -6 PBT 9.012.22 306 11.2314.19 -21 NP 6.851.48 363 7.9111.21 -29
