DCX Systems Ltd - 543650 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Notice of Postal Ballot- Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, copy of postal ballot notice dated April 03, 2024 is enclosed. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Resignation of Director
Resignation of Mr. Krishnabhagawan Srinivasa Ranga from the post of Whole-Time Director. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
Resignation of Mr. Krishnabhagawan Srinivas Ranga from the post of Chief Financial Officer of the Company. DCX Systems Ltd - 543650 - Board Meeting Outcome for Out Come Of Board Meeting
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') and other provisions of applicable laws, the Board of Directors of the Company at their meeting held today, i.e., on Friday, March 29, 2024, have, inter alia, approved the following agendas: 1. Approval for alteration in the objects of the Initial Public Offer (IPO) for which amount was raised and approval of postal ballot notice; 2. Acceptance of resignation of Mr. Krishnabhagawan Srinivasa Ranga from the post of Chief Financial Officer and Whole-Time Director of the Company (Key Managerial Personnel): DCX Systems Ltd - 543650 - Closure of Trading Window
The trading window shall remain closed for the designated person/employees and their immediate relatives from Friday March 29, 2024 till the expiry of 48 hrs after the announcement of audited financial results of the Company for the Quarter and financial year ended March 31, 2024. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation of credit rating under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earnings call transcript for the call held on Friday February 09, 2024 at 11:30 A.M for the un-audited financial results for the quarter and nine months ended December 31, 2023. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Newspaper Publication
News paper Clipping for the publication of un-audited financial results for the quarter and nine months ended 31.12.2023. DCX Systems Ltd - 543650 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of the Earnings Conference Call held with respect to the Un-Audited Financial Results for the quarter and nine months ended December 31, 2023. Q3FY24 Quarterly & 9MFY24 Result Announced for DCX Systems Ltd.
Defence company DCX Systems announced Q3FY24 & 9MFY24 results: Standalone Q3FY24: Q3FY24 operational revenue was Rs 197.98 crore, showing a decline from Q3FY23's Rs 355.95 crore. EBIT for Q3FY24 stood at Rs 21.28 crore, down from Q3FY23's Rs 28.99 crore. EBIT margin increased to 10.75% in Q3FY24, up from 8.14% in Q3FY23, marking an improvement of 261 basis points. PAT for Q3FY24 was registered at Rs 11.89 crore, a decrease from Rs 17.29 crore in Q3FY23, but the PAT margin increased by 115 basis points to 6.01%. Standalone 9MFY24: Over the 9MFY24, revenue reached Rs 677.20 crore, compared to Rs 743.08 crore over the same period in FY23. EBIT for the 9MFY24 period was Rs 70.63 crore, reflecting a year-over-year growth of 25.05% from Rs 56.48 crore in 9MFY23. EBIT margin for 9MFY24 stood at 10.43%, a significant increase of 283 basis points from 7.60% in 9MFY23. PAT for 9MFY24 rose by 36.33% to Rs 42.16 crore from Rs 30.92 crore in 9MFY23, with PAT margin improving by 206 basis points to 6.22%. Order Book Status: As of December 31, 2023, DCX Systems reported an order book of over Rs 1,095 crore. Strategic Updates: DCX Systems raised approximately Rs 500 crore through a Qualified Institutional Placement (QIP) by issuing 1.46 crore shares. The company entered into a joint venture with ELTA Systems, Israel, launching NIART Systems for railway industry obstacle detection solutions. DCX Systems was recognized as a Four Star Export House. Commercial production commenced at the subsidiary Raneal Advanced Systems specifically for Printed Circuit Board Assemblies. Commenting on the company’s performance, Dr. H.S. Raghavendra Rao, Chairman & Managing Director, DCX Systems, said, “DCX Systems continued to navigate the turbulent global markets successfully during this quarter. Despite macro-economic headwinds and geo-political tensions, we were able to maintain healthy profit margins. In Q3FY24, our revenues stood at Rs 197.98 crore, while EBIT and PAT were Rs 21.28 crore and Rs 11.89 crore, respectively. While lower orders executed under System Integration had a bearing on topline, our efforts to boost operational efficiency and supply chain measures helped improve EBIT margins. We recently raised funds of approximately Rs 500 crore through a successful QIP. The proceeds would be utilized towards investment in NIART Systems, Investment in JVs/Subsidiaries in Defence and Aerospace sector and General Corporate Purposes. DCX through its well laid out strategies and focus is marching ahead to become a technology driven Product manufacturing company in line with the initiatives of Make in India Policy through JVs / Subsidiaries. Through NIART Systems, our JV agreement with ELTA Systems, we shall be developing and supplying obstacle detection solutions based on radar and optics technologies for the railway industry. Our backward integration strategy through Raneal Advanced Systems is also gaining traction as operations at this EMS facility are in swing. We continue to scout to acquire technology (TOT) from OEMs in the area of Aerospace and defence and Civil Applications. We are striving to grow our order book and are optimistic about the future. Our focus remains on securing raw materials to support the anticipated growth and rationalizing expenses to improve operational efficiencies. 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