Meta Infotech Secures ₹2.58 Crore in Cloud Security Orders
Meta Infotech bags Rs 3-cr cloud security orders
Business Standard
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Meta Infotech has secured fresh and renewal orders totaling ₹2.58 crore (approximately $310,000 USD) from a major domestic mutual fund for cloud security services. The company reported a significant profit increase of 60.7% in FY25, contributing to a 4.99% rise in its share price.
- 01Meta Infotech received ₹2.58 crore in cloud security orders.
- 02The orders are scheduled for execution within 60 days.
- 03The company reported a 60.7% increase in consolidated net profit.
- 04Revenue from operations rose 40.3% in FY25 compared to FY24.
- 05Shares of Meta Infotech increased by 4.99% on the BSE.
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Meta Infotech has secured new and renewal orders worth ₹2.58 crore (approximately $310,000 USD) from a prominent domestic mutual fund for cloud security subscriptions, effective from June 1, 2026, to May 31, 2027. The execution of these orders is expected within 60 days. Notably, the company has no related party transactions with the client. In its financial year 2025 (FY25), Meta Infotech reported a 60.7% surge in consolidated net profit, amounting to ₹10.51 crore (around $1.27 million USD), while revenue from operations increased by 40.3% to ₹152.13 crore (approximately $18.3 million USD) compared to FY24. Following this positive news, shares of Meta Infotech rose by 4.99%, closing at ₹78.83 on the Bombay Stock Exchange (BSE).
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The increase in orders and profits may lead to more job opportunities within the company and enhance its market position in cybersecurity.
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