EBIT stood at Rs 30.64 crore in Q2 FY24, compared to Rs 15.85 crore in Q2 FY23, improving 93.37% YoY. EBIT margin for the quarter increased to 9.91% compared to 9.11% in Q2 FY23. Improvement in operational efficiency and supply chain measures helped improve the margins.
DCX Systems IPO: The qualified institutional buyers' (QIBs') portion got subscribed 84.32 times, while the non-institutional investors' category received 43.97 times subscription. The quota for retail individual investors (RIIs) got subscribed 61.77 times.
DCX Systems IPO: Market participants said DCX Systems IPO grey market premium (GMP) today is at Rs 85. It implies that the grey market is expecting the lender to list around Rs 292 (Rs 207 + Rs 85), which is more than 41 per cent higher than the IPO's upper band price of Rs 207 per equity share.
DCX Systems IPO: According to the company, 75 per cent of the issue has been reserved for qualified institutional investors, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.