Shares of DCX Systems Ltd skyrocketed 15% and hit a 52-week high of Rs 440 on 2 July after the company announced securing a significant order worth Rs 1,250 crore from engineering and infrastructure conglomerate Larsen and Toubro Ltd. 

In its regulatory filing, the company said that they have secured a significant order from Larsen  and Toubro for manufacturing and supply of electronic modules for a total consideration of Rs 1,250 crore and has to be executed in a period of 3 years. 

Earlier last month, the company secured an order worth Rs 32 crore for the supply of cable and wire harness assemblies from domestic and overseas clients. 

In its quarterly earnings for January-March, the company reported a 19% year-on-year decline in net profit to Rs 32.95 crore for the quarter from Rs 41.13 crore reported in the same quarter last year. 

However, the revenue from operations during the quarter stood at Rs 746.20 crore, marking a 46% YoY increase from Rs 510.55 crore reported in the same quarter of the previous fiscal year. 

The company delivers strategic electronics solutions for defence and aerospace, encompassing a variety of cable and wire harnesses, along with a full suite of environmental and electrical testing capabilities.

At 11:16 am, the shares of DCX Systems were trading 11.68% higher at Rs 423.70 on NSE.