Birlasoft zooms despite reporting 16% fall in Q4 consolidated net profit
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Birlasoft is currently trading at Rs. 308.80, up by 20.95 points or 7.28% from its previous closing of Rs. 287.85 on the BSE.
The scrip opened at Rs. 298.95 and has touched a high and low of Rs. 313.40 and Rs. 292.15 respectively. So far 1310257 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.95 on 18-May-2022 and a 52 week low of Rs. 250.35 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 313.40 and Rs. 272.05 respectively. The current market cap of the company is Rs. 8507.90 crore.
The promoters holding in the company stood at 41.08%, while Institutions and Non-Institutions held 32.67% and 26.25% respectively.
Birlasoft has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 66.63% fall in its net profit at Rs 26.06 crore for the quarter under review as compared to Rs 78.08 crore for the same quarter in the previous year. However, total income of the company increased by 7.13% at Rs 621.77 crore for Q4FY23 as compared to Rs 580.39 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.60% fall in its net profit at Rs 112.17 crore for fourth quarter ended March 31, 2023 as compared to Rs 132.90 crore for the same quarter in the previous year. However, total income of the company increased by 8.90% at Rs 1224.08 crore for Q4FY23 as compared to Rs 1124.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 32.32% fall in its net profit at Rs 200.36 crore as compared to Rs 296.05 crore for the previous year. However, total income of the company increased by 15.44% at Rs 2451.41 crore for year under review as compared to Rs 2123.51 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 28.48% fall in its net profit at Rs 331.58 crore as compared to Rs 463.64 crore for the previous year. However, total income of the company increased by 14.80% at Rs 4817.58 crore for year under review as compared to Rs 4196.55 crore for year ended March 31, 2022.
