Silver Touch Technologies Limited has announced its financial results for the first quarter, showcasing robust growth and improved profitability.

Financial Highlights

• Revenue from operations increased by 11% year-on-year to ₹627.49 crore, up from ₹566.62 crore in the same quarter of the previous year.
• EBITDA grew by 38% to ₹90.28 crore, compared to ₹65.50 crore in the previous year.
• EBITDA margin improved by 200 basis points to 14%.
• Profit after tax (PAT) rose by 22% to ₹40.36 crore from ₹33.20 crore.
• Earnings per share (EPS) increased by 21% to ₹3.18.

Performance Drivers

The company attributed its strong performance to several factors:

1. Larger order book
2. Higher average order sizes
3. Increased focus on high-margin software development projects

Business Segments

Silver Touch Technologies operates across various IT services segments:

Company Overview

With over 30 years of experience in the IT industry, Silver Touch Technologies has established itself as a leading end-to-end IT solutions provider. The company serves more than 1,500 clients worldwide, employs over 2,000 IT professionals, and has successfully delivered more than 4,000 projects. Silver Touch has a global presence with operations in India, USA, UK, and Canada.

Management Commentary

Mr. Vipul Thakkar, Chairman & Managing Director of Silver Touch Technologies, commented on the results: "We have delivered a resilient and growth-oriented performance in Q1, marked by double-digit revenue growth and strong improvement in profitability. This has been driven by an increased order book, a strategic shift towards higher-margin software development projects and continued operational efficiencies. Our focus on expanding e-Governance partnerships, scaling global delivery capabilities and investing in emerging technologies continues to fuel sustainable growth."

Future Outlook

Silver Touch Technologies is poised for continued growth with its focus on:

1. Deepening its e-Governance leadership
2. Expanding international presence, particularly in the UK, Europe, USA, and Canada
3. Investing in emerging technologies such as AI, Cloud, Cybersecurity, RPA, and Data Analytics
4. Enhancing global delivery capabilities
5. Driving recurring revenues through Managed Services and AMC

As Silver Touch Technologies continues to leverage its expertise in cognitive computing, hyper-automation, robotics, cloud, and analytics, the company is well-positioned to capitalize on the evolving digital landscape and deliver value to its stakeholders.

Silver Touch Technologies Limited has secured a significant contract from the Airports Authority of India (AAI), marking a notable advancement in the company's aviation sector portfolio. The project encompasses the supply, installation, testing, and commissioning of cutting-edge communication and security systems across 15 airports in India.

Contract Scope and Implementation

The contract awarded to Silver Touch Technologies involves two key components:

1. VHF Active Multicoupler systems
2. Secure network security solutions

These systems are slated for implementation in Air Traffic Control towers, aiming to enhance the communication infrastructure and bolster protection against potential intrusions.

Strategic Importance

This project underscores the critical role of advanced technology in modernizing India's aviation infrastructure. By upgrading the communication and security systems at multiple airports simultaneously, the AAI is taking a proactive approach to improve operational efficiency and safety in air traffic management.

Company's Perspective

Minesh V Doshi, Executive Director of Silver Touch Technologies, expressed the company's sentiment regarding the contract:

"We are proud to associate with AAI in developing the country's aviation infrastructure," Doshi stated. He further emphasized the company's commitment to "providing state-of-the-art, secure technology solutions for mission-critical environments."

Implications for Silver Touch Technologies

This contract represents a significant opportunity for Silver Touch Technologies to:

• Strengthen its position in the aviation technology sector
• Demonstrate its capabilities in handling large-scale, multi-site projects
• Contribute to the modernization of India's critical infrastructure

As the project unfolds across 15 airports, Silver Touch Technologies is poised to play a crucial role in enhancing the technological backbone of India's air traffic control systems, potentially opening doors for future contracts in the aviation and security sectors.

The successful execution of this project could serve as a benchmark for similar upgrades across other airports in India, positioning Silver Touch Technologies as a key player in the ongoing modernization of the country's aviation infrastructure.