Defence company DCX Systems announced Q1FY25 results: Revenue stood at Rs 138.08 crore in Q1FY25 as compared to Rs 170.10 crore in Q1FY24. EBIT stood at Rs 10.70 crore in Q1FY25, vis-à-vis Rs 18.51 crore in Q1FY24. EBIT margin stood at 7.75% in Q1FY25 as compared to 10.88% in Q1FY24. Profit after Tax (PAT) stood at Rs 2.94 crore in Q1FY25 as compared to Rs 9.60 crore in Q1FY24. Order Book as on 30th June 2024, is Rs 1,937 crores. Commenting on the company’s performance, H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said, “We have entered the new fiscal year on a strong note, with performance well in line with expectations during the first quarter. Backed by our commitment to quality and consistency, coupled with our manufacturing prowess, we have been able to grow our order book, while maintaining healthy profit margins. In Q1FY25, our consolidated revenues stood at Rs 138.08 crore, while EBIT and PAT were Rs 10.70 crore and Rs 2.94 crore, respectively. Our order book stood at Rs.1,937 crores, as on 30th June 2024. I am pleased to announce that we won several new contracts during this quarter. These include orders from L&T; India, worth Rs 1,250 crores, and several orders from domestic as well as international clients, totaling Rs 32.21 crores. We also signed a supply and services agreement with IAI, which comes under our MRO line of business. These contracts reflect the trust that DCX has earned among global conglomerates, through its unmatched product quality, consistency in delivery, and robust production capabilities Operations in our subsidiary Raneal Advanced Systems are going as planned, which has been useful in controlling the supply chain. Also, development of our obstacle detection product is also underway, through NIART Systems, our JV with ELTA System, based on radar and optics, for railway safety and efficiency. Our focus remains on penetrating in new geographies, focusing on Make in India initiative and establishing DCX as a Product manufacturing company through Transfer of Technology (ToT) and securing raw materials supply to support the anticipated growth with better margins and rationalizing expenses to improve operational efficiencies. I thank the entire team of DCX and all our stakeholders for your faith and support which helps us set and achieve new benchmarks.” Result PDF