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Take Solutions soars over 10% on doubling Q4 profit

The stock soared 14% to Rs 120 after reporting a net profit of Rs 27.09 crore in March quarter against Rs 12.89 crore in a year ago quarter.

SI Reporter Mumbai
Last Updated : May 15 2015 | 2:44 PM IST
Take Solutions has soared 14% to Rs 120 on the NSE after reporting a more than double consolidated net profit at Rs 27.09 crore for the quarter ended March 31, 2015 (Q4), due to lower depreciation charges.

The information technology (IT) consulting and services firm had profit of Rs 12.89 crore in a year ago quarter.

Total operational income during the quarter under review increased 9% to Rs 215 crore against Rs 197 crore in the corresponding quarter of previous fiscal. Total expenditure declined by 1% to Rs 182 crore against Rs 183 crore in the same quarter last year.

The stock opened at Rs 108 and touched high of Rs 123 on the NSE. The trading volumes on the counter more than doubled with a combined 4.58 million shares changed hands on the NSE and BSE till 1434 hours.
 

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First Published: May 15 2015 | 2:35 PM IST

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