8K Miles Software touches the roof on reporting stellar Q2 numbers

10 Oct 2014 Evaluate

 8K Miles Software Services is currently trading at its upper circuit limit of Rs. 599.10, up by 28.50 points or 4.99% from its previous closing of Rs. 570.60 on the BSE.

The scrip opened at Rs. 599.10 and has touched a high and low of Rs. 599.10 and Rs. 599.10 respectively. So far 3977 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 599.10 on 10-Oct-2014 and a 52 week low of Rs. 66.00 on 18-Nov-2013.

Last one week high and low of the scrip stood at Rs. 599.10 and Rs. 493.50 respectively. The current market cap of the company is Rs. 601.74 crore.

The promoters holding in the company stood at 66.28 % while Non-Institutions held 33.72% stake in the company.

8K Miles Software Services has registered around four fold jump in its net profit at Rs 0.15 crore for the quarter under review as compared to Rs 0.04 crore for the same quarter in the previous year. Total income from operations of the company has zoomed by 203.81% at Rs 3.19 crore for Q2FY15 as compared Rs 1.05 crore for the corresponding quarter previous year.

On the consolidated basis, the company’s net profit after tax jumped over three fold to Rs 4.98 crore for the Q2 FY15 as compared to Rs 1.54 crore in Q2 FY14. Moreover, the total income also gained around 200% to Rs 27.08 crore in the quarter under review as compared to Rs 9.03 crore in the corresponding quarter previous year.

8KMiles is an online ecosystem of verified professionals and companies that enables outsourcing of software and other knowledge services completely over the internet. Using the 8KMiles portal, companies (buyers) can “smartsource” any type of knowledge work cost effectively and securely to certified individuals or groups (providers).

 

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