Deals22 Jul 2024, 08:52 pm
Moschip Technologies Secures Rs 509.37 Crore Contract, Q1 FY2025 Financial Performance Surges
AI Summary
Moschip Technologies Ltd, a leading player in Semiconductor, Software, System Design, Turnkey ASIC solutions and Semiconductor IP, has announced its unaudited financial results for the Q1 of FY2025. The company secured a significant contract worth Rs 509.37 crore from the Centre for Development of Advanced Computing (CDAC) for the development of a high-performance computing (HPC) SoC using 5nm technology. The financial performance for the quarter showed a robust growth with income from operations increasing by 7% and 41% compared to Q4 FY2024 and Q1 FY2024 respectively. The EBIDTA and PAT also saw a substantial increase, with PAT to Revenue ratio increasing from 1% to 5%.
Key Highlights
- Moschip Technologies secures a Rs 509.37 crore contract from CDAC for the development of a high-performance computing (HPC) SoC using 5nm technology.
- Income from operations increased by 7% and 41% compared to Q4 FY2024 and Q1 FY2024 respectively.
- EBIDTA increased by 32% and PAT increased by 4.5 folds compared to Q4 FY2024.
- PAT to Revenue ratio increased from 1% to 5%.
- Industry revenue is expected to grow in 2024, with global semiconductor sales projected to expand 13.1% to $588 billion.