DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations') read with part A of Schedule Ill of the Listing Regulations, we wish to inform that the management of the Company had a conference call with Analysts/Investors on Tuesday, 28th February 2023. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations') read with part A of Schedule III of the Listing Regulations, we wish to inform that the management of the Company will have a conference call with Analysts/Investors on Tuesday, 28th February 2023. DCX Systems Ltd - 543650 - Statement Of Deviation Or Variation In The Use Of Proceeds Of Equity Shares Raised Through Initial Public Offer (IPO) For The Quarter Ended December 31, 2022
With reference to subject matter and pursuant to Regulation 32 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMDI/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended December 31, 2022, there is no deviation or variation in the utilization of proceeds of the Initial Public Offer (IPO) from the objects stated in the Prospectus dated November 04, 2022. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
With reference to subject matter and pursuant to Regulation 32 (6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and Regulation 41 (4) of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2015, we are enclosing herewith Monitoring Agency Report for the quarter ended December 31, 2022 issued by CARE Ratings Limited, Monitoring Agency, in respect of utilization of proceeds of the Initial Public Offering (IPO) of the Company. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Cessation
With reference to the captioned subject, we would like to bring to your notice of Cessation of Mr. Kiran Kumar K S, from the post of Manager Planning & Production and Key Managerial Personnel (KMP) of the Company w.e.f. January 30, 2023. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In pursuance of Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the newspaper advertisement clippings of the publication of the Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended 31st December 2022, duly published in Financial Express and Samyuktha Karnataka on January 25, 2023. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Investors Presentation on the financial results for the quarter and nine months ended December 31, 2022 is uploaded on the website of the Company www.dcxindia.com and the same is available at the following weblink mentioned below: https://dcxindia.com/investors/investors-presentation/ Q3FY23 Quarterly Result Announced for DCX Systems Ltd.
Defence firm DCX Systems announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue for the quarter was Rs 355.95 crore in Q3FY23, compared to Rs 417.18 crore in the previous corresponding period EBITDA (excluding other income & forex loss) stood at Rs 27.94 crore in Q3FY23, up from Rs 23.70 crore in Q2FY22; YoY growth of 17.89% EBITDA margin for the quarter stood at 7.85%, an increase of 217 bps as compared to 5.68% in Q2FY22. Rise in share of high-margin projects executed during this quarter helped reduce raw material expenses, benefiting overall EBITDA margins Profit after tax (PAT) for the quarter is Rs 17.29 crore, compared to Rs 18.21 crore in the same period of past financial year. 9MFY23 vs 9MFY22: 9MFY23 revenue stood at Rs 743.08 crore, compared to Rs 728.24 crore in the previous corresponding period 9MFY23 EBIDTA at Rs 63.21 crore, YoY growth of 63.04% EBIDTA margin at 8.51% YoY improvement of 319 bps PAT stood at Rs 30.92 crore in 9MFY23, compared to Rs 33.20 crore in 9MFY22. The decrease in PAT was due to an increase in finance costs and the depreciation of the rupee against USD. Commenting on the company’s performance, H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said, “Our Q3 & 9MFY23 performance has been largely in line with the expectations. Despite supply chain constraints in the global eco-system, hardening interest rate regime in USD borrowings, sudden eruption of COVID-19 fears and steep depreciation of INR v/s USD between July 2022 and Dec 2022, the company has been able to sustain stability in revenue and execute projects of high EBIDTA margin bringing value to the company and its stakeholders. Q3 has witnessed stability in business, signs of improvement in supply chain, massive increase in net worth, sharp reduction in borrowings, very comfortable cash flow positions and efficiency in operating ratios like EBIDTA margins. In Q3FY23, our revenues stood at Rs 355.95 crore, while EBITDA and PAT were at Rs 27.94 crore and Rs 17.29 crore respectively. We have a healthy and strong order book which gives an optimistic outlook for the near future. Our focus remains on securing raw materials to support the anticipated growth and rationalizing expenses to improve operational efficiencies. Also through our recent successful IPO, we have been able to raise funds worth Rs 400 crore. We are implementing the forward and backward integration plans, which would include setting up of Electronic Manufacturing Services (EMS) plant in our wholly owned subsidiary Raneal Advanced Systems Pvt. Ltd. Additionally, we are scouting to acquire product technology in the area of Aerospace and Defence and Civil Applications. This would also be supported by potential inorganic growth opportunities under Make-In-India and Aatmanirbhar Bharat programs. Overall, we strive to emerge as a one-stop-service provider for global and domestic customers, encompassing multiple verticals including Cable & Wire Harness, System Integration, EMS, Maintenance Repair and Overhauling (MRO) and Product segment through the acquisition of Technology. I thank the entire team of DCX and all our stakeholders for your faith and support which helps us set and achieve new benchmarks.” Result PDF DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed a Press Release dated January 23, 2023 with respect to un-audited financial performance of DCX Systems Limited for the third quarter and nine months ended December 31, 2022. DCX Systems Ltd - 543650 - Outcome Of The Board Meeting
We wish to inform that, pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today, i.e. on 23rd January 2023, inter alia, have considered and approved the Un-audited financial results (both standalone and consolidated) for the quarter ended 31st December 2022. A copy of the Unaudited Financial Results (both Standalone and Consolidated) in the prescribed format, reviewed by the Audit Committee and approved by the Board of Directors along with Limited Review Report issued by the Statutory Auditors of the Company for the quarter and nine months ended 31st December 2022 is enclosed herewith.