DCX Systems Ltd

Redtape Ltd, Gujarat Fluorochemicals Ltd, Orchid Pharma Ltd and Sequent Scientific Ltd are among the other losers in the BSE's 'A' group today, 28 May 2025.DCX Systems Ltd tumbled 6.20% to Rs 315.2 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one month.Redtape Ltd crashed 5.24% to Rs 142.1. The stock was the second biggest loser in 'A' group.On the BSE, 70508 shares were traded on the counter so far as against the average daily volumes of 27549 shares in the past one month.Gujarat Fluorochemicals Ltd lost 5.16% to Rs 3790.75. The stock was the third biggest loser in 'A' group.On the BSE, 9999 shares were traded on the counter so far as against the average daily volumes of 2317 shares in the past one month.Orchid Pharma Ltd plummeted 5.00% to Rs 669. The stock was the fourth biggest loser in 'A' group.On the BSE, 34551 shares were traded on the counter so far as against the average daily volumes of 6874 shares in the past one month.Sequent Scientific Ltd shed 4.64% to Rs 186.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 73291 shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one month.Powered by Capital Market - Live

Profit before tax (PBT) declined 34% YoY to Rs 28.47 crore in the quarter ended 31st March 2025. EBIT stood at Rs 30.01 crore, registering de-growth of 42.19% compared with Rs 51.91 crore posted in corresponding quarter last year. EBIT margin reduced 150 bps to 5.46% in Q4 FY25 as against 6.96% in Q4 FY24. For the full year, the company's consolidated net profit declined 48.7% to Rs 38.88 crore, while revenue from operations fell 23.9% to Rs 1083.67 crore in the year ended March 2025 over the year ended March 2024. As on 31st March 2025, the consolidated order book stood at Rs 2,855 crore. H.S. Raghavendra Rao, chairman & managing director, DCX Systems, said, 'We have closed the fiscal year on a resilient note and sustained through markets headwinds and macro-economic and geo-political uncertainties. In FY25, our consolidated revenue stood at Rs 1,083.67 crore, while EBIT and PAT were Rs 71.27 crore and Rs 38.88 crore, respectively. As of 31st March 2025, the order book position stood at Rs 2,855 crore, built over a steady inflow of orders. Some of the recent orders we won include those from ELTA Systems for Close-In Weapon Systems, worth Rs 483 crore, one for BACKPLANE module assemblies worth Rs 19.3 crore, and two orders from Lockheed Martin for electronic assemblies worth Rs 460.3 crore and Rs 379.7 crore. The repeat business that Lockheed Martin has been giving us reflects the recognition that we have been garnering from global premier companies. Moreover, we entered into another JV agreement with ELTA Systems to develop airborne maritime radar systems, fire control radar systems, and other radar systems for airborne and land applications. This aligns with our ToT strategy to leverage our manufacturing capabilities and support the Government's 'Make in India' motto. Looking at the ongoing year, our focus remains on establishing DCX as a global product company, while delivering sustainable value for all stakeholder.' DCX Systems, is one of the leading Indian Defence manufacturing player for manufacture and supply of electronic systems and sub-systems cable & wire harness assemblies for both International and domestic reputed customers.Powered by Capital Market - Live

Net profit of DCX Systems declined 37.18% to Rs 20.70 crore in the quarter ended March 2025 as against Rs 32.95 crore during the previous quarter ended March 2024. Sales declined 26.30% to Rs 549.96 crore in the quarter ended March 2025 as against Rs 746.20 crore during the previous quarter ended March 2024. For the full year,net profit declined 48.69% to Rs 38.88 crore in the year ended March 2025 as against Rs 75.78 crore during the previous year ended March 2024. Sales declined 23.88% to Rs 1083.67 crore in the year ended March 2025 as against Rs 1423.58 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales549.96746.20 -26 1083.671423.58 -24 OPM %1.865.08 -0.435.61 - PBDT32.2045.40 -29 73.7499.74 -26 PBT28.4743.13 -34 60.3794.61 -36 NP20.7032.95 -37 38.8875.78 -49 Powered by Capital Market - Live

DCX Systems will hold a meeting of the Board of Directors of the Company on 27 May 2025.Powered by Capital Market - Live

The company has received an order worth Rs 13.60 crore for manufacture and supply of CIWS antenna from Israel-based ELTA Systems. Furthermore, DCX Systems secured additional contracts totaling Rs 15 crore for the manufacture and supply of cable and wire harness assemblies to ELTA Systems, Rafael Advanced Defence Systems (Israel), Elbit Systems (Israel), and other international clients. DCX Systems is an Indian defense manufacturer specializing in the production and supply of electronic systems, subsystems, and cable & wire harness assemblies for international and domestic customers. On a consolidated basis, net profit of DCX Systems declined 25.19% to Rs 10.01 crore while net sales rose 0.93% to Rs 200.01 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

DCX Systems has executed a Joint Venture Agreement with IAI's ELTA Systems, Israel and it's group companies today, i.e. on April 21, 2025, for the purpose of establishing a Joint Venture Company (JVC) in India for conducting the business in the areas of Airborne Maritime Radar System, Fire Control Radar System and other Radar Systems for Airborne and Land applications under Make in India projects. The company will hold 37% stake in the proposed JVC. Powered by Capital Market - Live

The partnership aims to establish a new Joint Venture Company (JVC) in India focused on developing advanced radar systems under the government's Make in India initiative. The JVC will specialize in airborne maritime radar systems, fire control radar systems and other radar technologies designed for both airborne and land applications. According to the filing made by DCX Systems with the stock exchanges today, the venture underscores a long-standing relationship between the two entities and leverages complementary expertise in the radar and defense electronics space. As per the agreement, ELTA Group will hold a 63% stake in the new entity and DCX Systems will hold the remaining 37%. Initially, the board of the JVC will comprise four directors'three from ELTA and one from DCX. However, upon DCX's full investment into the venture, the board will expand to five directors, with DCX gaining one additional seat. Leadership positions in the new company, including CEO and CFO, will be nominated by ELTA, subject to board approval. ELTA will also grant the JVC an exclusive license to use its radar technology in India, except for government-to-government (G2G) and government-to-commercial (G2C) projects. This collaboration is expected to significantly enhance India's indigenous radar manufacturing capabilities. The move is aligned with India's push to reduce dependence on imports in the defense sector and become a global defense production hub. The agreement outlines various governance and operational structures, including reserved matters, intellectual property rights, and a call option mechanism in the event of a deadlock. No related party relationships exist between the two entities, and the proposed equity shares to be issued to DCX will be priced at fair market value, in compliance with applicable laws. DCX Systems is an Indian defense manufacturer specializing in the production and supply of electronic systems, subsystems, and cable & wire harness assemblies for international and domestic customers. On a consolidated basis, net profit of DCX Systems declined 25.19% to Rs 10.01 crore while net sales rose 0.93% to Rs 200.01 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

The company's wholly owned subsidiary, Raneal Advanced Systems has also set up additional unit under domestic tariff Area (DTA) located in Bengaluru to carry out manufacturing activities in relation to printed circuit board assemblies and electronic sub-assemblies. The commercial production/operation of both units is expected to commence from March 2025. Meanwhile, the company has received domestic and export purchase orders from its customers amounting to about Rs 24.51 crore to manufacture and supply of cable and wire harness assemblies. These includes an order worth Rs 9.33 crore from Bharat Electronics, Rs 5.63 crore from Rafael Advanced Defence Systems, Israel and Rs 5.58 crore from Alpha-Elsec Defence & Aerospace Systems, India. Additionally, the company received an order for Rs 3.46 crore from Elbit Systems Israel, Rs 28.50 lakhs from India Optimel and Rs 23.44 lakhs from Elbit Systems, Israel. DCX Systems is one of the leading Indian manufacturers of electronic sub-systems and cable harnesses in the defense and aerospace sectors. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. The company's consolidated net profit slipped 25.19% to Rs 10.01 crore in Q3 FY25, compared with Rs 13.38 crore recorded in Q3 FY24. However, revenue from operations rose marginally to Rs 200.01 crore in the December 2024 quarter, compared with Rs 198.16 crore posted in Q3 FY24. The counter declined 3.63% to end at Rs 251.05 on 17th February 2025.Powered by Capital Market - Live

However, revenue from operations rose marginally to Rs 200.01 crore in the December 2024 quarter, compared with Rs 198.16 crore posted in Q3 FY24. Profit before tax in the third quarter of FY25 was at Rs 15.95 crore, down 1.12% as against Rs 16.13 crore reported in the same period a year ago. EBIT stood at Rs 17.65 crore in the December 2024 quarter, registering a decline of 25.93% YoY. EBIT margin slipped 8.82% in Q3 FY25, compared to 12.03% registered in the corresponding quarter previous year. On a 9-month basis, the company's consolidated net profit declined by 57.58% to Rs 18.17 crore on 16.95% drop in revenue from operations to Rs 590.22 crore in 9M FY25 compared to 9M FY24. Consolidated order book (including Raneal Advanced Systems) as of 31 December 2024 stood over Rs 3,359 crore. H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said, 'Despite macro-economic uncertainties and continued geo-political tensions in parts of the world, DCX has demonstrated resilience in navigating the dynamic market conditions. Recent milestones during this quarter reflect our strategic efforts and focus areas. Top line continued to expand based on successful execution of our order book. I am glad to share that we have continued to grow our order book during this quarter by securing several new orders. Some of the new contracts we bagged during this quarter include orders from overseas customers worth USD 160 Mn as well as from our prestigious customers like IAI-ELTA SYSTEMS and Lockheed Martin. These contracts reflect the strong brand recall that DCX has built for itself in the global markets, through its unmatched product quality, consistency in delivery, and robust production capabilities. I am glad to share that both DCX and our W-o-S Raneal have cleared all its short term and long-term fund-based borrowings from the lenders and are now debt free. Further, we have been reassured of A-/Stable and A2+ credit rating for our long-term and shortterm borrowings from the reputed credit rating agency CRISIL, which demonstrates stability in the business. Our focus continues to be on entering new geographies, leveraging Make-in-India initiative and establishing DCX as a Product company through Transfer of Technology (ToT). We shall continue to improve operational efficiencies to deliver sustainable value for all our stakeholders. I thank the entire team of DCX and all our stakeholders for your faith and support which helps us set and achieve new benchmarks.' DCX Systems is one of the leading Indian manufacturers of electronic sub-systems and cable harnesses in the defense and aerospace sectors. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. Powered by Capital Market - Live

Net profit of DCX Systems declined 25.19% to Rs 10.01 crore in the quarter ended December 2024 as against Rs 13.38 crore during the previous quarter ended December 2023. Sales rose 0.93% to Rs 200.01 crore in the quarter ended December 2024 as against Rs 198.16 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales200.01198.16 1 OPM %1.497.37 - PBDT19.4717.92 9 PBT15.9516.13 -1 NP10.0113.38 -25 Powered by Capital Market - Live