Compucom Software feels no material impact on domestic projects but export projects suffer

Its export division had to face significant impact due to cancellation of overseas projects

Jun 10, 2020 04:06 IST India Infoline News Service

Compucom Software Limited informed the exchanges Wednesday that due to sudden outbreak of Covid-19 and lockdown since March 24, 2020, they had to keep office completely closed till May 4, 2020. The company continued work from home to the extent possible.

It further revealed that most of its projects are from Rajasthan Government like E-Commerce and learning projects and at the same time they have requisite infrastructure facilities to carry such projects. Therefore it didn’t face any material impact on such projects.

However, its export division had to face significant impact due to cancellation of overseas projects. Some government tenders which were under pipeline got postponed adversely affecting its order book. Its under-construction hotel project has also suffered set back due to shortage of materials and labour at site. This will consequently affect completion schedule of our hotel project. No payment received from the State government which was due to be received in March, 2020.

Compucom Software Ltd traded at Rs10.79 up by Rs0.39 or 3.75% from its previous closing of Rs10.40 on the BSE.


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