 "Trigyn Technologies surges on strong Q4 results")
Trigyn Technologies is locked in upper circuit of 20% Rs 105 on the BSE after the company reported a more than doubled consolidated net profit at Rs 13.54 crore for the fourth quarter ended March 31, 2016 (Q4FY16).
The information technology (IT) software products company had profit of Rs 5.59 crore in the same quarter year ago.
The company’s income from operations rose 27% to Rs 173 crore in Q4FY16 against Rs 136 crore in the corresponding quarter of previous fiscal.
Ebitda (earnings before interest, taxes, depreciation and amortization) margins improved to 12.6% from 6.5% during the recently concluded quarter.
On standalone basis, the company posted net profit of Rs 63 crore in March quarter against loss of Rs 58 crore in previous year quarter.
The trading volumes on the counter jumped an over five-fold with a combined 2.44 million shares changed hands till 13:21 pm. There were pending buy orders for 155,852 shares on the BSE and NSE.
The information technology (IT) software products company had profit of Rs 5.59 crore in the same quarter year ago.
The company’s income from operations rose 27% to Rs 173 crore in Q4FY16 against Rs 136 crore in the corresponding quarter of previous fiscal.
Ebitda (earnings before interest, taxes, depreciation and amortization) margins improved to 12.6% from 6.5% during the recently concluded quarter.
On standalone basis, the company posted net profit of Rs 63 crore in March quarter against loss of Rs 58 crore in previous year quarter.
The trading volumes on the counter jumped an over five-fold with a combined 2.44 million shares changed hands till 13:21 pm. There were pending buy orders for 155,852 shares on the BSE and NSE.
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