Mumbai :
DRC Systems India Ltd has recently gained attention in the market due to significant movements in its stock price and recent corporate actions.
Stock Performance and Corporate Actions
DRC Systems’ stock surged by 20% to close at Rs 26.11, reflecting a current market capitalization of Rs 347.06 crore.
Over the past three months, the stock has shown strong growth, yielding a return of approximately 54%.
The company issued bonus shares in a 2:1 ratio recently and underwent a stock split in 2022 at a ratio of 10:1.
Despite these actions, DRC Systems has yet to declare any dividends to its shareholders.
Financial Performance and Shareholding
In the fourth quarter of FY 2024, DRC Systems reported a revenue of Rs 17.12 crore, achieving an operating profit of Rs 4.80 crore with an operating profit margin of 28%.
The net profit for Q4 FY24 stood at Rs 3.96 crore.
Looking at the annual performance, the company generated Rs 48 crore in revenue for FY24 compared to Rs 26 crore in FY23.
The operating profit and net profit for FY24 were Rs 15 crore and Rs 12 crore, respectively.
Shareholding Pattern
As of the latest update,
the promoters hold a 22.44% stake in DRC Systems, while the public or retail investors own 76.88% of the company.
Overview of Company Business
DRC Systems India Ltd, established in 2012, specializes in IT services and consultancy.
The company offers a comprehensive range of solutions including software development, mobile app and website development,
AI and automation, enterprise solutions, cloud-based services, and digital marketing.
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