For the September quarter ended 2022, the company reported a 40 per cent growth from last year’s same quarter total income to Rs 31.93 crore. The net profit zoomed by more than 87 per cent from the corresponding quarter last year to Rs 6.78 crore. 

The company's primary services include application development, application maintenance & support, ERP and cloud migration, business intelligence & analytics, agile consulting, assurance & testing and digital commerce.  

The company informed the exchange that they have fixed February 15, 2023, as the record date for the purpose of determining eligible shareholders for split of each equity share into 5 equity shares (1:5)

Group CEO Rahul Talele commented that this growth has been achieved on the back of firm realizations and highest ever quarterly sales volumes which improved 102 per cent on QoQ basis

About 1,993 shares have advanced, 1,487 declined and 154 are unchanged. 

The company has shown positive traction as it has given multibagger returns of over 247 per cent in just 6 months and over 149 per cent in 1 year. In the past 5 trading sessions, the stock has been hitting consecutive upper circuits and has jumped more than 20 per cent. On a monthly basis, the stock has given outstanding returns of over 73 per cent.  

This news continues the spree of contracts received by the company after they had announced on January 05, 2023, that they had received orders from Gujarat Metro Rail Corporation Limited for a contractual amount of approximately Rs 166 crore.  

The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories. The company develops mechanical and electrical hardware systems, components as well as base and application software solutions

The Company is a leader in organised financing of pre-owned commercial vehicles and two-wheelers

In Q2FY23, the company’s net sales rose more than 85 per cent from Q2FY22 to Rs 59.73 crore. EBITDA levels witnessed a massive jump of 355.94 per cent from last year’s September quarter to Rs 13.04 crore. The company witnessed more than 5-fold jump in its net from corresponding quarter last year to Rs 9.14 crore.