Tuesday, 15 October 2013

CMC surges on reporting 36% rise in Q2 Consolidated net profit

CMC is currently trading at Rs. 1434.90, up by 61.20 points or 4.46% from its previous closing of Rs. 1373.70 on the BSE.

The scrip opened at Rs. 1449.00 and has touched a high and low of Rs. 1474.00 and Rs. 1409.60 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1523.00 on 09-Apr-2013 and a 52 week low of Rs. 1055.05 on 22-Oct-2012.

Last one week high and low of the scrip stood at Rs. 1417.60 and Rs. 1295.50 respectively. The current market cap of the company is Rs. 4,354 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 41.15% and 7.73% respectively.

On Standalone basis, the company has posted a fall of 26.54% in its net profit at Rs 47.76 crore for the quarter ended September 30, 2013 as compared to Rs 64.75 crore for the same quarter in the previous year. However, the total income has increased by 9.05% at Rs 284.52 crore for quarter under review as compared to Rs 260.90 crore for the quarter ended September 30, 2012.

On Consolidated basis, the company has posted a rise of 36.25% in its net profit at Rs 67.31 crore for the quarter ended September 30, 2013 as compared to Rs 49.40 crore for the same quarter in the previous year. Total income has increased by 22.26% at Rs 560.75 crore for quarter under review as compared to Rs 458.64 crore for the quarter ended September 30, 2012.

CMC is a Tata group firm and subsidiary of the country's top software company TCS. The company operates in four strategic business units namely customer services (CS), Systems Integration (SI), IT enabled Services (ITES) and Education and Training (E&T). The company has pan-India presence that caters to various sectors such as the railways, banks, government entities and other organisations with countrywide operations

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