Geometric Limited has tanked 17% to Rs 96 from intra-day high on back of heavy volumes after mid-cap information technology company said that its consolidated net profit has declined by 13% at Rs 17.88 crore for the quarter ended September 2012 over the previous quarter. Net sales too grew single digit by 2.2% at Rs 230 crore on quarter on quarter basis.
“EBITDA (earnings before the deduction of interest, tax and amortization expenses) margin for the quarter declined to 16.1% against 17.4% in Q1FY13 mainly due to lower Contribution, impact of one time transactions in Q1 & forex movements,” Geometric said in a statement.
The stock opened at Rs 114 and hit a high of Rs 116 on the BSE. As many as a combined 5.72 million shares have already changed hands on the counter so far against an average sub one million shares that were traded daily in past two weeks.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app