Infotech Enterprises shines on reporting two-fold jump in Q3 net profit

18 Jan 2013

Infotech Enterprises is currently trading at Rs. 181.15, up by 1.80 points or 1.00% from its previous closing of Rs. 179.35 on the BSE.

The scrip opened at Rs. 182.90 and has touched a high and low of Rs. 183.00 and Rs. 179.00 respectively. So far 3,634 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 211.00 and a 52 week low of Rs. 126.90. The current market cap of the company is Rs. 2,021.00 crore.

The promoters holding in the company stood at 22.38% while Institutions and Non-Institutions held 33.80% and 43.82% respectively.

The company has posted growth of over two-fold in its net profit at Rs 52.38 crore for the quarter as compared to Rs 21.72 crore for the same quarter in the previous year. Total income of the company has increased by 15.01% at Rs 269.53 crore for quarter under review as compared to Rs 234.35 crore for the quarter ended December 31, 2011.

On consolidated basis, the company has reported 82.07% rise in its net profit at Rs 61.83 crore for the quarter as compared to Rs 33.96 crore for the same quarter in the previous year. Total income of the company has increased by 14.07% at Rs 475.12 crore for quarter under review as compared to Rs 416.52 crore for the quarter ended December 31, 2011.   

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