Geometric surged 8.33% to Rs 82.55 at 14:41 IST on BSE after consolidated net profit rose 7.5% to Rs 16.56 crore on 10.1% growth in revenue to Rs 286.53 crore in Q2 September 2013 over Q1 June 2013.
The Q2 result was announced during trading hours today, 21 October 2013.
Meanwhile, the S&P BSE Sensex was down 67.85 points or 0.32% at 20,815.04.
The stock surged on high volumes. On BSE, 4.67 lakh shares were traded in the counter as against average daily volume of 51,000 shares in the past two weeks.
The stock was volatile. The stock spurted as much as 9.71% at the day's high of Rs 83.60 so far during the day. The stock lost as much as 0.59% at the day's low of Rs 75.75 so far during the day.
Geometric's consolidated operating profit surged 41.9% to Rs 52.90 crore in Q2 September 2013 over Q1 June 2013 due to higher contribution margins. Contribution margin improved to 41.2% in Q2 September 2013, as against 37% in Q1 June 2013 and 37.9% in Q2 September 2012.
The company's dollar revenue stood at $46.26 million in Q2 September 2013 as against $46.45 million in Q1 June 2013.
Geometric added one new customer and won new deals worth $5.03 million during the quarter.
Commenting on the company's Q2 earnings, Mr. Manu Parpia, MD & CEO, Geometric said, "While our expectations from FY 2014 continue to be flat, we are seeing an increase in our pipeline by 30% QoQ. Our conversations with our customers and trends in the industry are encouraging; and with the transformations that are taking place within the company, we are positioning ourselves for scalable growth in FY 2015".
Geometric is a specialist in the domain of engineering solutions, services and technologies.
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