Infinite Computer Solutions tanks 32% in two days on weak Q4 earnings
Q4 EBITDA or operating profit margins contracted almost 400 bps at 13.05% on qoq basis.
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.