Infotech Enterprises shines on reporting 12% rise in Q3 consolidated net profit

17 Jan 2014

Infotech Enterprises is currently trading at Rs. 348.00, up by 1.15 points or 0.33% from its previous closing of Rs. 346.85 on the BSE.

The scrip opened at Rs. 346.90 and has touched a high and low of Rs. 353.30 and Rs. 342.20 respectively. So far 6131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 363.00 on 08-Jan-2014 and a 52 week low of Rs. 157.00 on 16-May-2013.

Last one week high and low of the scrip stood at Rs. 362.00 and Rs. 328.00 respectively. The current market cap of the company is Rs. 3911.23 crore.

The promoters holding in the company stood at 22.34% while Institutions and Non-Institutions held 40.41% and 37.25% respectively.

Infotech Enterprises has reported results for third quarter ended December 31, 2013.

The company has reported 9.54% fall in its net profit at Rs 47.38 crore for the quarter as compared to Rs 52.38 crore for the same quarter in the previous year.  However, total income of the company has increased by 17.39% at Rs 316.41 crore for quarter under review as compared to Rs 269.53 crore for the quarter ended December 31, 2012.

On the consolidated basis, the company has posted a rise of 12.23% in its net profit at Rs 69.39 crore for the quarter ended December 31, 2013 as compared to Rs 61.83 crore for the same quarter in the previous year. The total income has increased by 21.73% at Rs 578.35 crore for quarter under review as compared to Rs 475.12 crore for the quarter ended December 31, 2012.

 

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