Shares of a micro-cap company engaged in providing end-to-end IT services, including application development, cloud infra, generative AI, IoT solutions, etc., surged nearly 13.7 percent on NSE to Rs. 117.9 on Tuesday, after signing an agreement with a Finland-based client for software development.
With a market cap of Rs. 148.8 crores, at 02:42 p.m., the shares of SA Tech Software India Limited were trading in the green at Rs. 114, up by nearly 1.5 percent, as compared to its previous closing price of Rs. 112.3.
What’s the news
According to the latest regulatory filings with the NSE, SA Tech Software India Limited has announced executing an agreement with a Finland-based client.
The company signed an agreement with Finland-based Industrial Automation Client for software development. The aggregate value of the aforesaid agreement for one year is EURO 3,20,643.84.
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Financials
SA Tech Software India reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 62 percent, rising from Rs. 31.5 crores in H1 FY24 to Rs. 51 crores in H1 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 3.51 crores to Rs. 4.51 crores, representing a rise of around 28 percent YoY.
EBITDA for H1 FY25 increased by about 43 percent YoY to Rs. 7.08 crores, up from Rs. 4.96 crores in H1 FY24, while the EBITDA margins fell to 14 percent, from 16 percent, over the same period.
About the company
Founded in 2012, SA Tech Software India Limited is an IT consulting subsidiary of the foreign corporation SA Technologies Inc., USA.
The company is engaged in the business of providing end-to-end IT services, including application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, and data science and analytics.
Written by Shivani Singh
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