Shares of AGS Transact Technologies rose 10% following a new ₹1,100 Crore order from State Bank of India for deploying 2,500+ ATMs over 7 years. The company's stock traded at Rs. 85.80, up 9.51%.
This adds to a recent order for 1,350 ATMs from SBI. AGS will implement these ATMs under a transaction fee model. In FY23, the company reported a revenue decline to Rs. 1,671.27 Crores but turned a profit of Rs. 36.96 Crores.
With a 7.59% ROE and 15.44% ROCE, AGS demonstrates sound financial performance. Promoters hold 65.52%, FIIs 0.01%, and DIIs 5.28% in the company. AGS is a leading omnichannel payment solutions provider in India.