Kernex Microsystems India has bagged an order worth Rs 2,465.71 crore from Chittaranjan Locomotive Works for the execution of Kavach Loco equipment. Under this order, the company will be responsible for the supply, installation testing and commissioning of 3,024 sets of on-board Kavach Loco equipment.
Kernex Microsystems: Project Details
The order has been commissioned as per the Research Designs and Standards Organisation (RDSO). Kernex further added that the order will be executed within a period of twelve months from its date of purchase.
Additionally, the company stated that the contract win will help enhance its financials. “This strategic order further enhances the company’s revenue visibility and reinforces its market position in the railway safety sector,” it said in its official statement.
The order stands domestic in nature and has been made in compliance with the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 .
The company has clarified that neither its promoters nor its promoter groups have any interest in the awarding entity, and no related party transactions are involved.
Kernex Microsystems: About the company
Kernex Microsystems is an Indian technology company that designs, develops, and manufactures software packages both in India and abroad. The company has a strong focus on the railway industry and other industrial applications. Kernex develops railway safety systems which are deployed in various railway stations across the country.
Kernex Microsystems: Financial Result
For Q2FY26, the company reported net profit of Rs 6.52 crore, down over 4% on a YoY basis. Additionally, the company’s revenue from operations stood at Rs 47.1 crore down over 14% on year.
Kernex Microsystems: Share Price
The company’s share price is not available for today since exchanges are closed on account of municipal elections in Maharashtra. Over the past one month, the company’s stock has delivered a return of over 25%. While over the past one year the company’s stock has delivered a return of nearly 4%.Currently, the company’s market capitalization on BSE stands at Rs 2,110 crores.