MOSCHIP TECH Reports 25% Jump in Q2 Net Profit, Revenue Up 17% YoY
MOSCHIP Technologies Limited reported strong Q2 results with revenue up 17% to ₹146.94 crore and net profit increasing 25% to ₹12.15 crore. EBITDA grew 9% to ₹18.24 crore, though margin slightly decreased. The Silicon Engineering Solutions segment remained the primary revenue driver. Half-yearly performance showed significant improvements across all metrics. The company is expanding offices in Bangalore and Pune to support growth. The global semiconductor market is projected to grow substantially, with Asia Pacific holding a dominant market share.
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MOSCHIP Technologies Limited, a leading semiconductor and product engineering solutions company, has reported a robust financial performance for the second quarter, with significant growth in both revenue and profitability.
Financial Highlights
For the quarter ended September 30, MOSCHIP TECH posted the following results:
| Metric | Q2 | Q2 Previous Year | YoY Change |
|---|---|---|---|
| Revenue | ₹146.94 crore | ₹125.63 crore | +17% |
| EBITDA | ₹18.24 crore | ₹16.74 crore | +9% |
| EBITDA Margin | 12.3% | 13.2% | -90 bps |
| Net Profit | ₹12.15 crore | ₹9.73 crore | +25% |
| Net Profit Margin | 8.2% | 7.7% | +50 bps |
The company's consolidated revenue from operations grew by 17% year-over-year to ₹146.94 crore, up from ₹125.63 crore in the same quarter last year. This growth was driven by strong performance across both the Silicon Engineering Solutions and Product Engineering Solutions segments.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 9% to ₹18.24 crore, compared to ₹16.74 crore in the previous year's Q2. However, the EBITDA margin saw a slight decline of 90 basis points, settling at 12.3% for the quarter.
Notably, MOSCHIP TECH's net profit after tax showed a significant jump of 25%, reaching ₹12.15 crore, up from ₹9.73 crore in the corresponding quarter of the previous year. The net profit margin improved by 50 basis points to 8.2%.
Segment Performance
The company operates in two main segments:
Silicon Engineering Solutions: This segment continued to be the major revenue driver, contributing ₹117.95 crore to the total revenue in Q2.
Product Engineering Solutions: This segment generated revenue of ₹28.99 crore for the quarter.
Half-Yearly Performance
For the first half of the current fiscal year (H1), MOSCHIP TECH reported:
- Revenue from operations of ₹282.53 crore, a 37% increase from H1 of the previous year
- EBITDA of ₹35.39 crore, up 31% year-over-year
- Net profit of ₹23.05 crore, showing a substantial 68% growth compared to H1 of the previous year
Strategic Developments
MOSCHIP is expanding its presence in key technology hubs:
- The company is moving into larger office spaces in Bangalore and Pune to support its growing business needs.
- These new locations are strategically chosen to be closer to key social infrastructure, offering improved convenience and accessibility for employees.
Industry Outlook
The global semiconductor market is poised for significant growth:
- The market size is projected to grow from $755.28 billion to $2,062.59 billion by 2032, with a CAGR of 15.4%.
- The Asia Pacific region held a dominant market share of 50.94%.
- The U.S. semiconductor market is expected to reach $258.30 billion by 2032, driven by increasing use in consumer electronics and integrated circuits.
Conclusion
MOSCHIP Technologies Limited has demonstrated strong financial performance in Q2, with significant growth in revenue and profitability. The company's strategic expansion in key markets, coupled with the positive industry outlook, positions it well for continued growth in the semiconductor and product engineering solutions space.
Investors and stakeholders may view these results positively, considering the robust top-line growth, improved profitability, and strategic initiatives undertaken by the company. However, the slight decline in EBITDA margin warrants attention and may be an area for potential improvement in the coming quarters.
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