Semiconductor stock jumps 3% after delivering a custom SoC to ISRO

SYNOPSIS: MosChip completed an end-to-end 28nm ASIC program for ISRO’s Space Applications Centre, achieving silicon validation and functional testing, highlighting strong turnkey semiconductor design and execution capabilities.

Shares of India’s first publicly listed fabless semiconductor company and one of the leading providers of silicon and product engineering services surged over 3 percent on BSE, after the company announced delivering a custom SoC to ISRO’s Space Applications Centre (SAC) for India’s Satellite Navigation Program.

With a market cap of Rs. 3,695.3 crores, shares of MosChip Technologies Limited closed in the green at Rs. 191.5 on BSE, up by around 2 percent, as against its previous closing price of Rs. 188.3. The stock has delivered negative returns of around 9 percent in the last one year, and has fallen by over 5 percent in the last one month.

News

As per its latest regulatory disclosure, MosChip Technologies Limited announced the successful silicon bring-up of a custom System-on-Chip (SoC) developed for SAC using a 28nm process node, marking the completion of an end-to-end turnkey ASIC program, spanning design, tape-out, packaging, assembly and validation.

The company executed the program using its established Netlist-to-GDSII flow and methodology, followed by substrate design for a 10-layer FC-CBGA package. Assembly was completed, and engineering samples were tested on Automated Test Equipment (ATE), with results confirming functionality in line with design specifications.

The customer, Space Applications Centre, is a premier research and development arm of the Indian Space Research Organisation (ISRO). SAC focuses on satellite technologies across earth observation, communication, navigation, and scientific missions, supporting both national objectives and international collaborations.

Financials

MosChip Technologies reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 17 percent, from Rs. 126 crores in Q2 FY25 to Rs. 147 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 10 crores to Rs. 12 crores, representing a rise of nearly 20 percent YoY.

For the quarter, MosChip reported revenue of about Rs. 147 crore. Silicon Engineering Solutions remained the primary contributor, generating nearly Rs. 118 crore and accounting for roughly 80 percent of total revenue, while Product Engineering Solutions contributed around Rs. 29 crore, representing close to 20 percent of the overall revenue mix.

Meanwhile, Revenue from operations increased sharply by 59 percent, rising from Rs. 293.91 crore in FY24 to Rs. 466.84 crore in FY25, driven by strong demand across semiconductor and product engineering segments and supported by disciplined execution.

MosChip Technologies Limited is engaged in the business of engineering solutions comprising systems and product design, IoT solution design, artificial intelligence and machine learning, FPGA design, mixed signal IP design, semiconductor Application-Specific Integrated Circuits (ASICs), verification, and validation.

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