This small-cap IT firm which is within the enterprise of IT companies, Software program Improvement, Digital Advertising, and buying and selling of Pc {Hardware} is up 6.5% as they obtained a piece order from Appsndevices Applied sciences for the provision of {Hardware} and companies.
The order is said to good school rooms of 840 colleges in Authorities colleges in Uttarakhand state. The contract worth stood at Rs. 23.43 crore. The approximate interval to be executed is 5 to six months.
With a market capitalization of Rs. 1,080 Crores, the shares of Sahana Methods had been buying and selling at Rs. 1,266 which was up 6.72 p.c from its earlier day’s shut value of Rs. 1,186.25. The inventory has outperformed the Nifty and risen round 243 p.c previously yr.
Their latest FY24 outcomes present income from operations elevated by 125 p.c yr on yr, from Rs. 24 crores in FY23 to Rs. 54 crores in FY24. Their internet revenue elevated by 150 p.c yr in yr, from Rs. 6 crores in FY23 to Rs. 15 crores in FY24. The online revenue of FY24 has been at an all-time excessive through the years.
Sahana System Restricted is an info know-how (IT) firm. The Firm’s software program options are experience in synthetic intelligence growth, machine studying functions, utility migration, Net and cell app growth, and tender administration.
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Sahana Methods provides companies, comparable to ML and AI growth, graphics designing, ChatBot growth, SEO, person expertise/person interface design, product prototyping, IT venture administration, digital advertising and marketing, Net app growth, Net and app migration, and cyber safety.
Their segments embrace {Hardware} and IT companies. The corporate’s cyber safety options embrace penetration testing, vulnerability evaluation, and safety options. Their sustainable merchandise embrace electrical car charging stations and Gentle Constancy. Li-Fi is a wi-fi communication tech that makes use of gentle to transmit knowledge.
In keeping with the corporate’s phase as of FY24, the income from IT companies contributes round 95.70 p.c and the remaining 4.30 p.c is from {Hardware} Buying and selling. The contribution from IT companies is important in FY24 in comparison with earlier years.
Written by Santhosh S
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