CMC dips post Q4 earnings
The operating profit (EBITDA) has declined1.65% to Rs 81.80 crore in March quarter against Rs 83.17 crore in December quarter.
CMC has dipped 5% to Rs 1,345 after reporting a marginal 0.46% quarter-on-quarter (qoq) growth in its consolidated net profit at Rs 61.34 crore for the quarter ended March 2013. IT solutions provider had profit of Rs 61.06 crore in December quarter.
“The operating profit (EBITDA) has declined 1.65% qoq at Rs 81.80 crore in Q4FY13. Total income from operations however, increased by 6.3% at Rs 524 crore from Rs 493 crore during the recently concluded quarter,” CMC, a subsidiary of Tata Consultancy Services (TCS) said in a filing.
The stock opened at Rs 1,357 and touched a low of Rs 1,302 on NSE. A combined 34,344 shares have changed hands on the counter till 0943 hours on NSE and BSE.
“The operating profit (EBITDA) has declined 1.65% qoq at Rs 81.80 crore in Q4FY13. Total income from operations however, increased by 6.3% at Rs 524 crore from Rs 493 crore during the recently concluded quarter,” CMC, a subsidiary of Tata Consultancy Services (TCS) said in a filing.
The stock opened at Rs 1,357 and touched a low of Rs 1,302 on NSE. A combined 34,344 shares have changed hands on the counter till 0943 hours on NSE and BSE.