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Shares of Geometric soared 11% to Rs 128 on the BSE on the back of heavy volumes after the company reported a consolidated net profit of Rs 19.13 crore for the quarter ended June 30, 2015 (Q1) against Rs 3.29 crore in the March quarter.
Consolidated revenues grew 11.2% at Rs 298 crore on a quarter-on-quarter (q-o-q) basis.
In dollar terms, consolidated revenues rose 9% q-o-q and 4.1% y-o-y to $46.80 million compared to $42.92 million in Q4FY15 and $ 44.96 million in Q1FY15, Geometric said in a statement.
The company signed new deals worth $13.65 million during the quarter, Geometric added.
EBITDA (earnings before interest, tax, depreciation and amortization) margins improved to 8.62% in the June quarter against 3.99% in the previous quarter.
Mr. Manu Parpia, Managing Director and CEO said, “This quarter, we saw volume growth in both software services and engineering services. While our pipeline continues to grow, we are now emphasizing conversions. We have also taken several steps to streamline our operations, which should lead to an improvement in margins. Furthermore, the investments we made in improving our processes over the last twelve months are beginning to show results.”
The stock hit a high of Rs 131 on the BSE and has seen an over six-fold jump in trading volumes. Till 01:14 pm, a combined 4.42 million shares changed hands on the counter on the NSE and BSE. The S&P BSE Sensex was down 412 points at 27,700.
Consolidated revenues grew 11.2% at Rs 298 crore on a quarter-on-quarter (q-o-q) basis.
In dollar terms, consolidated revenues rose 9% q-o-q and 4.1% y-o-y to $46.80 million compared to $42.92 million in Q4FY15 and $ 44.96 million in Q1FY15, Geometric said in a statement.
The company signed new deals worth $13.65 million during the quarter, Geometric added.
EBITDA (earnings before interest, tax, depreciation and amortization) margins improved to 8.62% in the June quarter against 3.99% in the previous quarter.
Mr. Manu Parpia, Managing Director and CEO said, “This quarter, we saw volume growth in both software services and engineering services. While our pipeline continues to grow, we are now emphasizing conversions. We have also taken several steps to streamline our operations, which should lead to an improvement in margins. Furthermore, the investments we made in improving our processes over the last twelve months are beginning to show results.”
The stock hit a high of Rs 131 on the BSE and has seen an over six-fold jump in trading volumes. Till 01:14 pm, a combined 4.42 million shares changed hands on the counter on the NSE and BSE. The S&P BSE Sensex was down 412 points at 27,700.
