on Monday received an order from the Ministry of Defence to supply two optronic periscopes for submarine applications, valued at around Rs 71.68 crore, including GST. The contract is slated for execution between August and September 2026. Despite the order win, the stock slipped 1.55 per cent to hit a day low of Rs 754. Advertisement

In terms of earnings, the private defence and space engineering firm posted a 50 per cent year-on-year (YoY) rise in net profit at Rs 21 crore, compared with Rs 14 crore in the corresponding quarter of the previous fiscal. Revenue for the quarter came in at Rs 106 crore, marking a 21.8 per cent YoY increase, driven by steady execution across its optics, defence electronics and space engineering segments.

Operational performance also strengthened during the

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