Kernex Microsystems Secures ₹91 Crore Order from Banaras Locomotive Works
Kernex Microsystems gains after bagging Rs 91-cr order from Banaras Locomotive Works
Business Standard
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Kernex Microsystems (India) saw a 2.33% increase in stock price after winning a ₹91.12 crore contract from Banaras Locomotive Works in Varanasi. The order entails supplying and installing 112 sets of KAVACH locomotive equipment, with completion expected by February 15, 2027.
- 01Kernex Microsystems' stock rose by 2.33% following the order announcement.
- 02The contract is valued at ₹91.12 crore (approximately $11 million USD).
- 03The project involves supplying 112 sets of KAVACH locomotive equipment.
- 04Completion is scheduled for February 15, 2027.
- 05The company reported a 15.88% decline in net profit despite a significant revenue increase.
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Kernex Microsystems (India) experienced a 2.33% increase in its stock price, reaching ₹974.95 after securing a ₹91.12 crore (approximately $11 million USD) order from Banaras Locomotive Works (BLW) in Varanasi. The contract entails the supply, installation, testing, and commissioning of 112 sets of KAVACH locomotive equipment, adhering to RDSO Specification No. RDSO/SPN/196/2020. The project is expected to be completed by February 15, 2027. Despite this positive development, Kernex reported a 15.88% decline in consolidated net profit, amounting to ₹6.04 crore, for Q3 FY26 compared to the same quarter in the previous fiscal year, although revenue surged by 97.23% to ₹72.60 crore.
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This contract could enhance job stability and growth for Kernex Microsystems, potentially leading to increased employment opportunities in the region.
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