Sattrix Information Security Limited , a leading cybersecurity solutions provider, has reported robust financial performance for the fiscal year 2024-25 and secured a significant new contract.

Financial Highlights

• Revenue Growth: Consolidated revenue from operations increased by 11% year-over-year to ₹4,463.17 lakhs in FY 2024-25, up from ₹4,037.09 lakhs in the previous year.

• Profit Surge: The company's consolidated profit after tax (PAT) more than doubled, reaching ₹404.61 lakhs, compared to ₹180.31 lakhs in FY 2023-24, marking a substantial 124% increase.

• Improved Profitability: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant jump of 111%, rising from ₹346.77 lakhs to ₹733.03 lakhs.

• Earnings Per Share: Basic and diluted EPS improved to ₹6.27, up from ₹3.61 in the previous year.

New Contract Win

Sattrix Information Security has secured a notable contract worth ₹13.65 crore for managed security services. The two-year domestic contract involves device management and operations for a leading payment gateway service provider in India. This agreement underscores the company's strong position in the cybersecurity market and its ability to attract high-profile clients in the financial technology sector.

Operational Highlights

• The company completed its initial public offering (IPO) in June 2024, listing on the BSE SME platform.
• Sattrix expanded its global footprint by establishing a joint venture in Malaysia and planning expansion into Spain.
• The company moved to a new 10,000 sq. ft. corporate office with a 40-seat Security Operations Center (SOC), enhancing its operational capabilities.
• New partnerships were formed with XM Cyber, Group-IB, and Tenable, broadening Sattrix's technology ecosystem.

Management Commentary

Sachhin Gajjaer, Managing Director of Sattrix Information Security, stated, "Our strong financial performance in FY 2024-25 reflects the growing demand for our cybersecurity solutions and our team's ability to deliver high-quality services. The new contract with a leading payment gateway provider further validates our expertise in the fintech security domain. We remain committed to innovation and expanding our global presence to capitalize on the increasing need for robust cybersecurity measures."

As Sattrix Information Security continues to strengthen its market position and expand its service offerings, the company appears well-positioned for sustained growth in the dynamic cybersecurity landscape.

Sattrix Information Security Limited has secured a significant order worth Rs 40.95 lakh for providing Managed Security Operations Center (SOC) Services and Network Operations Center (NOC) Monitoring Activities. The contract, awarded by a domestic entity from a leading stockbroking and financial consulting group, underscores Sattrix Information Security's growing reputation in the IT infrastructure and cybersecurity solutions sector.

Contract Details

The newly acquired contract spans a 12-month period and involves the following key aspects:

Strategic Implications

This order reflects Sattrix Information Security's expanding capabilities in delivering robust and reliable IT infrastructure and cybersecurity solutions. The company's ability to secure a contract from a client in the financial sector demonstrates its competence in meeting the stringent security requirements of the industry.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Sattrix Information Security Limited has formally intimated the BSE Limited about this order. The company has confirmed that the transaction does not involve any related party interests or connections with the promoter group.

Company Background

Sattrix Information Security Limited, formerly known as Sattrix Information Security Private Limited, is listed on the BSE SME platform. The company specializes in providing IT infrastructure and cybersecurity solutions, catering to the growing demand for robust security services in various sectors, including finance.

This latest contract win is expected to contribute positively to Sattrix Information Security's revenue stream and further solidify its position in the managed security services market.