Adroit Infotech jumps 7% after receiving ₹6 Cr order from Tanzania based Company

This Stock is in focus after it jumped 6.80 percent after the announcement of an International order from a company based in Tanzania for SAP-related services 

Share Price Movement

With a market capitalization of Rs. 44 Crore, the stock of Adroit Infotech Limited opened at Rs. 16.98 up 0.47 percent from yesterday’s close of Rs. 16.90. After reporting the order update stock jumped to a high of Rs. 18.05 up 6.80 percent.

Order Update

Subsidiary of the Company Verso Altima India has received a significant International order worth Rs 6.20 Crore from Azam Media Limited – Tanzania, for SAP-Implementation Services, Functional and Technical support for the SAP-Application, and Comprehensive support.

Also read: 1:5 Stock Split: Stock hits 5% upper circuit after it sets record date for share split

Financial Highlights

The company reported an 8.47 percent YoY increase in revenue from Rs. 7.08 Crore in Q3FY24 to Rs. 7.68 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 8.62 percent in revenue from Rs. 7.07 Crore in the previous quarter.

Their Net profit saw a decrease of 65.38 percent YoY from Rs. 1.56 Crore to Rs. 0.54 Crore for the same period. On a QoQ basis, the company reported an increase of 22.72 percent in Net profit from Rs. 0.44 Crore in the previous quarter. 

About the Company

Adroit Infotech Limited, established in 1990 and headquartered in Hyderabad, India, is a specialist SAP consulting company with nearly two decades of experience. The company offers a comprehensive range of services, including business and technology consulting, enterprise solutions, systems integration, custom application development, and application maintenance and support. 

Written By Abhishek Das

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