Helios and Matheson surges on reporting over two fold jump in Q1 net profit

05 Feb 2013

Helios and Matheson is currently trading at Rs. 58.30, up by 1.30 points or 2.28% from its previous closing of Rs. 57.00 on the BSE.

The scrip opened at Rs. 57.25 and has touched a high and low of Rs. 59.50 and Rs. 57.10 respectively. So far 323542 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.00 on 31-Jan-2013 and a 52 week low of Rs. 22.05 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 65.00 and Rs. 49.70 respectively. The current market cap of the company is Rs. 141.44 crore.

The promoters holding in the company stood at 40.38% while Institutions and Non-Institutions held 0.54% and 59.08% respectively. Helios and Matheson Information Technology has reported results for first quarter ended December 31, 2012.

The company has reported over two fold jump in its net profit at Rs 8.27 crore for the quarter as compared to Rs 3.46 crore for the same quarter in the previous year. Net sales of the company has increased by 44.53% at Rs 96.33 crore for quarter under review as compared to Rs 66.65 crore for the quarter ended December 31, 2011.

Helios and Matheson Information Technology has helped scores of clients maximize the performance of their IT organizations with a powerful suite of services driven by a seamless global delivery model, headquartered in Chennai, India with offices and subsidiaries in USA, Singapore and India.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323