The shares of a small cap Software (ETR:SOWGn) company involved in the business of manufacturing & assembly of robots & their accessories, app developing & related services are in focus after bagging international order for Procurement of 2 Autonomous Mobile Robots.
Share Price Movement
The shares of Kody Technolab Ltd (NSE:KODY), with a market capitalization of Rs 1,555 Crores, as of Tuesday noon were trading around Rs 1,222 per share which was around 1.2% down from its previous close of Rs 1,236.
The stock has generated multibagger returns of 137% for the past year, and an impressive return of 1,286% since it got listed in September 2023.
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About the Order
Kody Technolab Ltd has received a work order from Sobha (NSE:SOBH) Advanced Industries LLC OPC, for the procurement of 2 Autonomous Mobile Robots (AMR). This order will be fulfilled by the Company’s Authorised Dealer in the United Arab Emirates (UAE).
The time period by which the order is to be executed is 45 days, and the order has been awarded by an International Entity.
Financials
Revenue from operations increased by 590% from Rs 5.8 Crores in H1FY24 to Rs 40 Crores in H1FY25. Their Net Profits jumped 1175% from Rs 0.8 Crores to 10.2 Crores over the same period.
Company Updates
As per a press release dated February 3, 2025, Kody Technolab announced a joint venture with the UAE-based Platinum Group for Businessmen Services L.L.C. Together, they have formed Falcon Tech Robotics LLC which is a cutting-edge manufacturing company dedicated to producing “Made in UAE” robots for diverse industries.
AI and Tech Industry
India’s AI market is growing rapidly, projected to hit $17 billion by 2027, with AI spending expected to rise from $1.7 billion in 2023 to $5 billion by 2027. In FY2024, AI adoption in key Indian industries reached 48%, with a 5-7% growth expected in FY25. The Indian Web 3.0 ecosystem raised $1.3 billion by April 2022, and the global Web 3.0 blockchain market is projected to reach $23.3 billion by 2028.
About Kody Technolab Ltd
Kody Technolab Limited is a leading robotics and AI solutions provider, specializing in enterprise-level projects and mobile application development. The company is known for its expertise in artificial intelligence, machine learning, and advanced robotics. It has delivered over 250 projects to clients in more than 30 countries.
Written By Adhvaitha Nayani
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