Alphageo (India) hits the roof on turnaround Q4 numbers

Alphageo (India) hit an upper circuit limit of 5% at Rs 221.85 at 14:59 IST on BSE after the company reported a net profit of Rs 10.98 crore in Q4 March 2014 compared with net loss of Rs 3.43 crore in Q4 March 2013.

The result was announced during trading hours today, 29 May 2014.

Meanwhile, the BSE Sensex was down 274.77 points, or 1.12%, to 24,281.32.

On BSE, so far 16,000 shares were traded in the counter, compared with an average volume of 4,165 shares in the past one quarter.

The stock hit a high of Rs 221.85 and a low of Rs 202 so far during the day. The stock hit a 52-week high of Rs 223 on 21 May 2014. The stock hit a 52-week low of Rs 21.05 on 12 July 2013.

The stock had outperformed the market over the past one month till 28 May 2014, rising 32.06% compared with 8.50% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 112.36% as against Sensex's 16.27% rise.

The small-cap company has an equity capital of Rs 5.63 crore. Face value per share is Rs 10.

Alphageo (India)'s total income from operations (net) surged 5107.02% to Rs 29.68 crore in Q4 March 2014 over Q4 March 2013.

The company reported a net profit of Rs 11.25 crore in the year ended March 2014 compared with net loss of Rs 9.94 crore in the year ended March 2013. Total income from operations (net) surged 413.41% to Rs 44.41 crore in the year ended March 2014 over the year ended March 2013.

Alphageo (India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.

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