Synopsis:
Shares surged 5% after securing a ₹20.06 crore work order for server systems, reflecting strong market credibility. Revenue rose 14% and net profit jumped 150%, underpinned by robust operational efficiency, diversified clientele, global partnerships, and a growing order book.
The shares of the leading system integrator gained up to 5 percent in today’s morning session after the company bagged a significant work order from Info Edge (India) Limited worth Rs 20.06 crores.
With a market capitalization of Rs 291.90 crore, the shares of Esconet Technologies Limited were trading at Rs 221.25 per share, decreasing around 4.59 percent compared to the previous closing price of Rs 231.90 apiece.
Significant order
According to the company filing, Esconet Technologies Limited bagged a significant work order from Info Edge (India) Limited worth Rs 20.06 crores for the supply and installation of server systems.
Further, the order highlights the company’s expanding expertise and solid market position in server infrastructure and data center solutions, showcasing its ability to successfully execute large-scale technology projects and reinforcing credibility and trust among clients and stakeholders.
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Financial & Operational highlights
The company demonstrated strong financial growth, with revenue rising 14% from Rs 105 crore in H1FY25 to Rs 120 crore in H2FY25. Notably, net profit surged 150%, reaching Rs 5 crore from Rs 2 crore, reflecting improved operational efficiency and robust profitability during the period.
Esconet Technologies Limited is an IT company that offers supercomputing solutions and data center facilities, including network security, storage servers, data protection, and virtualization. The company’s clientele includes SMEs, large organizations, and public sector companies.
EscOnet Technologies has established itself as a trusted tech solutions provider, serving over 20 sectors with more than 500 clients. The company stands out with impressive achievements like installing nearly 28 petabytes of storage, delivering over 60,000 Ethernet ports, and distributing 6,000+ high-performance workstations through partnerships with global technology leaders.
EscOnet Technologies partners with renowned brands like AWS, Cisco, Dell, and NVIDIA, enhancing its product portfolio and global reach. Their client base includes prestigious organizations from the public and private sectors, such as the Indian Army, ONGC, Wipro, and Adobe, reflecting a strong market presence and trust across various industries.
EscOnet Technologies is focused on becoming a leader in India’s IT infrastructure, cloud, and cybersecurity sectors, while also targeting niche, high-value segments with a robust product portfolio. With a strong order book exceeding Rs. 100 crore and plans to become a Rs. 500 crore company, EscOnet is positioning itself for steady growth and is committed to enhancing shareholder value through its expansion and innovation strategy.
Written by Abhishek Singh
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