The order entails supply of RF electronic modules, and is to be completed within 12 months. The total cost of order is $18,495,779.10, equivalent to Rs 154.80 crore.
DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting.
The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% decline in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24.
The scrip rose 0.84% to currently trade at Rs 341 on the BSE.