The shares of cutting-edge engineering solutions providers 4 percent after the company bagged significant work orders from Ola Electric Technologies Private Limited for Rs 25.22 lakhs.
With a market capitalization of Rs 2,588.70 crore, the shares of Trident Techlabs Ltd were trading at Rs 1,498.00 per share, increasing around 4 percent as compared to the previous closing price of Rs 1,445.25 apiece.
Reason for Rise
The shares of the company have seen positive movement after Trident Techlabs Ltd bagged significant work orders from Ola Electric Technologies Private Limited for Supply of specialized solution for Reliability Analysis of Electric Vehicle. The aggregate value of the order is Rs 25.22 lacs.
Financial performance
Examine the company’s financial condition, revenue jumped by 162 percent from Rs 8 crore in H1FY24 to Rs 21 crore in H1FY25, and during the same time frame, net profit recovered by 200 percent from a loss of Rs 3 crore to a profit of Rs 3 crore.
Business Segment
The company, with over two decades of experience in engineering consultancy and software solutions, has notably reduced energy losses for Tata Power Delhi from 52% to 8%. Contracts with Maharashtra and Bihar’s power distribution companies and expansion plans in Southeast Asia and the Middle East drive growth.
With expertise in defense and aerospace, it supports indigenization with system design and Indian Navy contracts. Its semiconductor subsidiary targets defense sectors under “Make in India,” while cybersecurity efforts focus on defense clients, with plans to enter commercial markets following successful pilot projects.
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Strategic Initiatives
The company established a wholly-owned subsidiary in Dubai to drive international expansion and plans to enter the European market for design services. It focuses on strengthening its management team by onboarding industry veterans and experts to enhance operational efficiency and support its growth ambitions.
Future Outlook
The company aims to achieve a revenue target of ₹1,000 crores within five years by boosting annual maintenance contracts for stable quarterly revenue. With a strong contract pipeline exceeding ₹500 crores, management remains optimistic about sustained growth and expanding opportunities in the coming years.
Company Profile
Trident Techlabs Limited provides customized technological solutions to corporations in the aerospace, defense, automotive, telecom, medical, semiconductor, and power distribution industries. It operates in two business verticals: Engineering Solutions and Power System Solutions.
Written by:- Abhishek Singh
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