Kernex Microsystems is in the spotlight this Friday! The South Eastern Railway has given them a big thumbs up with a Letter of Acceptance (LoA) for a massive project worth Rs 325.33 crores. This project is about making trains safer by setting up a system called Kavach along 688 route kilometers in the Kharagpur and Chakradharpur areas.
Kavach is an advanced safety system designed to stop train crashes by preventing trains from passing red signals, speeding, or colliding with each other. The whole project needs to be completed in 1,000 days. Kernex Microsystems is leading a group, called the Kernex-MRT consortium, to work on this project.
Recently, Kernex Microsystems reported a profit of Rs 7.14 crores in the third quarter of FY25, which is a nice change from a loss of Rs 3.50 crores in the same time last year. Their total earnings reached Rs 36.81 crores, which is an increase of 342.7% from last year. However, compared to the previous quarter, it dropped by 10.7%.
On the stock market, Kernex Microsystems shares closed at Rs 852, up by 4.7%. Although the stock has gone down 40% this year, it has shot up by 208% over the last two years. The company’s total market value is Rs 1,428.7 crores.
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