Image Source: www.vinsys.com
Vinsys IT Services India Ltd, a top player in IT training, consulting, and software services, has acquired a major order worth ₹186.9 million. This new order is one more feather added to the company's cap that has been experiencing growth ever since its successful initial public offering in 2023 and recent high financial performance.
Order Summary
-
Vinsys IT Services India Ltd has won a fresh order worth ₹186.9 million.
-
The order will also enhance the company's revenue stream and market standing.
Company Overview
-
Vinsys is engaged in corporate IT training, digital learning, project management, technology training, and software development services.
-
The company has an international presence, and it caters to clients in India, the USA, and the Middle East, including many Fortune 500 clients.
-
Vinsys provides a one-stop suite of services, including ERP solutions, DevOps, architecture consulting, and foreign language translation services.
Recent Financial Performance
-
During FY 2023-24, Vinsys saw an 80% revenue growth to ₹1,704.9 million and a net profit growth of 53% to ₹229 million.
-
Its IPO in August 2023 was subscribed 89 times over, indicating high investor confidence.
-
The current market cap ranges from ₹506 crore to ₹587 crore, and share prices over the recent past have fluctuated between ₹349 and ₹385.
Market Response and Share Price Update
-
As of the present date, Vinsys shares are ranging from ₹349.25 to ₹385.05 with its 52-week high price of ₹450 and low price of ₹240.
-
The share has given a 34–41% return in the last year, reflecting the strong market performance and investor demand.
-
Foreign institutional investors have raised their stake, indicating optimism.
Strategic Impact
-
The new order is likely to increase Vinsys's revenue visibility and help it grow in the IT services and training space.
-
The diversified offerings and global clientele of the company place it in a strong position for long-term growth in the competitive IT industry.
About Vinsys IT Services India Ltd
-
Based in Pune, Vinsys is known for its IT training, digital learning, and software development expertise.
-
The firm has several infra-ready labs and caters to a large number of sectors, including government, banking, and corporate companies.
Some of Vinsys's prominent clients are industry titans like IBM, Infosys, HSBC, Siemens, and Dubai Airports.
Sources: Economic Times, ICICI Direct, INDmoney, Vinsys Annual Report, Tickertape
Advertisement
Advertisement
