Quarterly Result8 Feb 2024, 11:48 pm
DCX Systems Reports 25% YoY Increase in 9M FY24 EBIT
AI Summary
DCX Systems Limited, a leading Indian defence manufacturing player, has released its un-audited financial results for the third quarter and nine months ended December 31, 2023. The company reported a 25% YoY increase in EBIT for the nine months, driven by improved operational efficiency and supply chain measures. The order book stands at over Rs. 1,095 crores.,
Key Highlights
- Revenue for the quarter stood at Rs. 197.98 crore in Q3 FY24, as compared to Rs. 355.95 crore in the previous corresponding period
- EBIT margin for the quarter increased to 10.75% as compared to 8.14% in Q3 FY23
- PAT margin improved by 115 bps
- The company successfully completed a Qualified Institutional Placement (QIP), raising 3500 crores through the issuance of 1.46 crore shares