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8K Miles strengthens on reporting 93% jump in Q2 net profit

09 Oct 2015 Evaluate

8K Miles Software Services is currently trading at Rs. 1836.00, up by 55.00 points or 3.09 % from its previous closing of Rs. 1781.00 on the BSE.

The scrip opened at Rs. 1802.00 and has touched a high and low of Rs. 1873.75 and Rs. 1802.00 respectively. So far 25300 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1845.00 on 06-Oct-2015 and a 52 week low of Rs. 479.60 on 13-Nov-2014.

Last one week high and low of the scrip stood at Rs. 1845.00 and Rs. 1428.50 respectively. The current market cap of the company is Rs. 1971.81 crore.

The promoters holding in the company stood at 61.96%, while Institutions and Non-Institutions held 2.92 % and 35.12 % respectively

8K Miles Software Services has reported a rise of 93.33% in its net profit at Rs 0.29 crore for second quarter ended September 30, 2015as compared to Rs 0.15 crore for the same quarter in the previous year. Total income of the company has increased by 29.47% at Rs 4.13 crore for quarter under review as compared to Rs 3.19 crore for the quarter ended September 30, 2014.

On consolidated basis, the company has posted two fold jump in its net profit after minority interest at Rs 8.74 crore for the quarter ended September 30, 2015 as compared to Rs 4.15 crore for the corresponding quarter in the FY15. Total income the company rose by 125.63% at Rs 61.10 crore for quarter under review as compared to Rs 27.08 crore for the same quarter ended previous year.

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