Subex Ltd.

BSE: 532348 | NSE: SUBEXLTD
Small Cap | IT - Software
10.60
-0.30 (-2.75%)
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Subex tumbles on reporting weak Q4 numbers

Date: 24-05-2012

Subex is currently trading at Rs. 23.65, down by 0.50 points or 2.07% from its previous closing of Rs. 24.15 on the BSE.

The scrip opened at Rs. 24.45 and has touched a high and low of Rs. 24.45 and Rs. 23.45 respectively. So far 49941 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.30 on 15-Jun-2011 and a 52 week low of Rs. 22.20 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 24.70 and Rs. 22.50 respectively. The current market cap of the company is Rs. 163.57 crore.

The promoters holding in the company stood at 11.69 % while Institutions and Non-Institutions held 12.21 % and 65.99 % respectively.

Subex has reported a fall of 36.76% in its consolidated net profit to Rs 15.19 crore for the fourth quarter ended March 31, 2012 as compared to Rs 24.02 crore in the same period of previous fiscal.

The consolidated income from operation of the company has decreased to Rs 107.98 crore for the fourth quarter ended March 31, 2012, against Rs 117.31 crore in the same period of previous fiscal, down by 7.95%.

For the year ended March 31, 2012, the company posted a contraction of 59.58% in its consolidated net profit of Rs 31.84 crore against Rs 78.77 crore in 2010-11. The consolidated income from operation of the company declined marginally by 1.02% to Rs 477.83 crore for the year ended March 31, 2012, compared to Rs 482.75 crore in 2010-11.