Infinite Computer Solutions India has tanked 15% to Rs 80, extending its Friday’s fall after reporting a 13% quarter-on-quarter (qoq) drop in its consolidated net profit at Rs 29.79 crore for the quarter ended March 31, 2013 (Q4). IT consulting and software firm had profit of Rs 34.31 crore in December 31, 2012 (Q3) quarter.
The company’s income from operations too, declined 1% at Rs 380 crore on qoq basis. EBITDA or operating profit margins contracted almost 400 bps qoq at 13.05% during the recently concluded quarter.
The stock has declined 32% in past two trading sessions on the BSE. A combined 293,710 shares have changed hands on the counter so far on BSE and NSE.
The company’s income from operations too, declined 1% at Rs 380 crore on qoq basis. EBITDA or operating profit margins contracted almost 400 bps qoq at 13.05% during the recently concluded quarter.
The stock has declined 32% in past two trading sessions on the BSE. A combined 293,710 shares have changed hands on the counter so far on BSE and NSE.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%