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Hot Pursuit
25-Sep-23
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DCX Systems edges higher after receiving approval for commencing PCB production
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DCX Systems added 1.88% to Rs 301 after the company announced that its wholly owned subsidiary Raneal Advanced Systems is ready to commence the commercial production of printed circuit board (PCB) assembly from 25 September 2023 onwards.
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Raneal Advanced Systems, having its manufacturing unit situated in Bangalore Rural, has received all the necessary approvals for commencing the commercial production of Printed Circuit Board Assembly, the company said in a regulatory filing.
DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting.
The company's consolidated net profit jumped 72.4% to Rs 9.60 crore despite of 20.2% decline in net sales to Rs 170.10 crore in Q1 FY24 over Q1 FY23.
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DCX Systems appoints Diwakaraiah N J as CFO
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Hot Pursuit
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