 "Nucleus Software hits three-month high on good Q4 results")
Nucleus Software Exports has rallied 12% to Rs 224, its highest level since February on the BSE, after the company's consolidated net profit more than doubled to Rs 14.12 crore for the quarter ended March 2016 (Q4FY16) on a sequential basis, due to lower employee cost. The company had profit of Rs 7.01 crore in December 2015 quarter.
Income from software products and services rose 7% at Rs 93 crore against Rs 86 crore in the preceding quarter. Employees benefit expenses declined by 10.6% to Rs 52 crore from Rs 58 crore in previous quarter.
Earnings before interest, tax, depreciation and amortization (EBITDA) margins improved to 20.03% in Q4FY16 against 6.89% in Q3FY16.
At 11:24 am, the stock was up 9% at Rs 218 on the BSE on back of heavy volumes. A combined 763,109 shares changed hands so far against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Income from software products and services rose 7% at Rs 93 crore against Rs 86 crore in the preceding quarter. Employees benefit expenses declined by 10.6% to Rs 52 crore from Rs 58 crore in previous quarter.
Earnings before interest, tax, depreciation and amortization (EBITDA) margins improved to 20.03% in Q4FY16 against 6.89% in Q3FY16.
At 11:24 am, the stock was up 9% at Rs 218 on the BSE on back of heavy volumes. A combined 763,109 shares changed hands so far against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
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