Allsec Tech Q2 Net surges 76.3%; shares up 13.2%

IT services provider Allsec Technologies today reported a steep hike of 76.3 per cent in consolidated net profit at Rs 16.12 crore for the second quarter ended September 30, 2016.
The city-based firm had registered consolidated net profits of Rs 9.14 crore during the corresponding quarter last fiscal.
For the half-year ending September 30, 2016, consolidated net profits more than doubled to Rs 29.24 crore from Rs 13.03 crore registered during the year-ago period.
Consolidated total income from operations soared to Rs 82.63 crore from Rs 55.29 crore registered during the same period of previous year.
For the six month period ending September 30, 2016, consolidated total income from operations grew to Rs 154.56 crore from Rs 106.26 crore registered during the same period of previous year.

Shares of the company surged 13.21 per cent to Rs 346.75 apiece in BSE today.