Semiconductor stock jumps 12% after signing MoU worth ₹510 Cr with Karnataka Govt; Announces robust resultsSemiconductor stock jumps 12% after signing MoU worth ₹510 Cr with Karnataka Govt; Announces robust results

Introduction:

Leading semiconductor and automotive design-led manufacturer has announced a ₹510 crore investment to expand its ESDM and precision engineering capacity in Karnataka. The company also commenced operations at two new facilities and reported strong revenue and profit growth for Q3 FY25.

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Share price movement of ASM Technologies:

On February 13, 2025, ASM Technologies Ltd. opened at ₹1,215.00, up 3.08% from its previous close of ₹1,178.70. The stock reached a high of ₹1,340.00 (13.67%) and a low of ₹1,214.95. By 12:23 PM, it traded at ₹1,289.95, a 9.44% increase, with a market cap of ₹1,518.56 crore.

ASM Technologies Expands, Reports Strong Growth:

ASM Technologies Limited, a pioneer in design-led manufacturing for semiconductor and automotive industries, has signed an MoU with the Karnataka government to invest ₹510 crore. The company will acquire 10 acres from KIADB for a state-of-the-art design facility, expanding its ESDM and precision engineering capacity.

Additionally, ASM Technologies commenced operations at two new manufacturing facilities in Dabaspet, Karnataka, and Sriperumbudur, Tamil Nadu. Spanning over 55,000 sq. ft., these centers are set to boost the company’s design-led manufacturing and strengthen its industry leadership, aligning with ‘Make in India.’

For Q3 FY25, ASM Technologies reported a net profit of ₹5.1 crore, marking a 112.5% QoQ rise from ₹2.4 crore and a turnaround from a ₹0.7 crore loss YoY. Revenue grew 17.2% QoQ and 17.6% YoY to ₹6.47 crore, while total income rose 11.9% QoQ and 17.8% YoY to ₹6.6 crore.

Ace investor holding in ASM Technologies:

Sundar Kannan

Sundar Kannan holds an 8.53% stake in ASM Technologies Ltd., owning 1,004,520 shares valued at ₹129.6 crore. His significant holding underscores confidence in the company’s growth amid its recent expansion and strong financial performance.

Mukul Mahavir Agrawal

Mukul Mahavir Agrawal holds a 6.48% stake in ASM Technologies Ltd., owning 762,500 shares valued at ₹98.4 crore. His substantial investment highlights confidence in the company’s growth, driven by expansion plans and strong financial performance.

Stock performance of ASM Technologies for Period of 1 week, 6 months and 1 year:

ASM Technologies Ltd. saw a 3.68% decline over the past week and a 16.4% drop in six months. However, the stock has delivered an impressive 61.1% return over the past year, reflecting strong long-term growth and expansion-driven momentum.

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Shareholding pattern of ASM Technologies:

	Dec 2024	Sep 2024	Jun 2024
Promoter	57.10%	57.10%	61.50%
FII	0.20%	0.20%	0.30%
DII	0%	0.00%	0.00%
Public	42.70%	42.70%	38.20%

About ASM Technologies:

ASM Technologies Limited (BSE: 526433) is a publicly listed company with over three decades of expertise in engineering design-led manufacturing. With multiple delivery centers in India, it has a global presence across the USA, Singapore, UK, Canada, Japan, Thailand, and Mexico.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.