Home / Markets / News / Birlasoft rallies 19%, hits 52-week high as Q1 net profit rises 35% YoY

Birlasoft rallies 19%, hits 52-week high as Q1 net profit rises 35% YoY

The company's revenue for the quarter under review came in at Rs 915 crore, up 17.7 per cent YoY.

Following the sharp run-up, returns are expected to plateau.

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During the quarter, the company signed deals worth $180 million.

2 min read Last Updated : Aug 06 2020 | 11:36 AM IST

Shares of Birlasoft advanced 19 per cent to hit a 52-week high of Rs 149.2 apiece on the BSE on Thursday after the company on Wednesday reported a 35 per cent year-on-year (YoY) rise in its net profit at Rs 56 crore for the quarter ended June (Q1FY20-21). On sequential basis, the numbers slipped 18.4 per cent.

The company's revenue for the quarter under review came in at Rs 915 crore, up 0.8 per cent quarter-on-quarter (QoQ) and 17.7 per cent YoY.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 46.3 per cent YoY to Rs 113 crore.

Topics : Buzzing stocks Markets Sensex Nifty Q1 results corporate earnings

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