Shares of this Electronic Manufacturing Services (EMS) company surged nearly 5 percent on Tuesday after the announcement that its wholly-owned subsidiary in Texas, USA, will commence operations on January 1, 2025, along with other key developments.
Price Action
In Tuesday’s trading session, Aimtron Electronics Ltd‘s share price reached an intra-day high of Rs.509.00 per share, rising 4.5 percent from its previous close of Rs.487.35 apiece. Over the past 6 months, the stock delivered over 101 percent returns.
Expansion Plans
The company is excited to announce that Aimtron Electronics LLC, its wholly-owned subsidiary based in Texas, USA, will begin operations on January 1, 2025. This marks a significant milestone in expanding the company’s footprint in the North American market, allowing it to better serve local customers, foster strategic partnerships, and leverage growth opportunities in the region.
Key Developments
In line with its global growth strategy, the company has established a remote sales office in Germany. This development marks the beginning of its expansion into the European market, allowing the company to connect with new customers, build a local presence, and adapt its offerings to meet regional requirements, setting the stage for future growth in the region.
Looking ahead, the company aims to drive sustainable growth by continuing its focus on innovation, efficiency, and customer-centric strategies. It anticipates generating business revenues of approximately $4 to $5 million in the upcoming fiscal year.
Product Portfolio
Aimtron Electronics offers a range of services, including PCB design and assembly for both domestic and international markets. The company also provides complete electronic system manufacturing through contract services, handling the entire production process for clients.
Additionally, it specializes in box build assemblies, particularly for battery management systems in electric vehicles (EVs). Aimtron further offers end-to-end design solutions, from concept development to prototyping and final manufacturing.
Also read….
Global Footprints
Aimtron Electronics serves a broad range of clients in countries like the United States, United Kingdom, Hong Kong, Spain, and Mexico. Known for its focus on quality and precision, the company has established itself as a reliable partner across industries such as automotive, medical electronics, and consumer technology
Financial Performance
In its latest filing, Aimtron Electronics Ltd reported a 35 percent rise in revenue for Q2 FY25, reaching Rs.58 crore, compared to Rs.43 crore in Q2 FY24. Moreover, the company’s net profit increased 57 percent to Rs.11 crore in Q2 FY25, from Rs.7 crore in Q2 FY24.
Shareholding Pattern
As per the September 2024 shareholding pattern, the promoters of Aimtron Electronics Ltd hold a 71.30 percent stake, while Foreign Institutional Investors hold a 1.82 percent stake. Domestic Institutional Investors and Retail investors hold a stake of 1.47 percent and 25.42 percent, respectively in the company. Notable ace investor, Ashish Kacholia owns a1.11 percent stake in the company.
About the company
Founded in 2011 and headquartered in India, Aimtron Electronics Ltd specializes in electronics manufacturing services and system design. The company provides PCB design, assembly, and end-to-end electronic system manufacturing, catering to a global client base across multiple industries.
Written by – Siddesh S Raskar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
