CMS Info Systems gains on reporting 22% rise in Q1 consolidated net profit
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CMS Info Systems is currently trading at Rs. 381.35, up by 0.85 points or 0.22% from its previous closing of Rs. 380.50 on the BSE.
The scrip opened at Rs. 385.05 and has touched a high and low of Rs. 392.20 and Rs. 381.00 respectively. So far 30812 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 401.05 on 17-Jul-2023 and a 52 week low of Rs. 246.65 on 25-Jul-2022.
Last one week high and low of the scrip stood at Rs. 401.05 and Rs. 376.10 respectively. The current market cap of the company is Rs. 5934.37 crore.
The promoters holding in the company stood at 46.48%, while Institutions and Non-Institutions held 36.23% and 17.28% respectively.
CMS Info Systems has reported results for first quarter ended June 30, 2023 (Q1FY24).
CMS Info Systems has reported 4.77% rise in its net profit at Rs 75.33 crore for the quarter under review as compared to Rs 71.90 crore for the same quarter in the previous year. Total income of the company increased by 11.16% at Rs 462.35 crore for Q1FY24 as compared Rs 415.94 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 22.13% rise in net profit at Rs 84.28 crore for the quarter ended June 30, 2023 as compared to Rs 69.01 crore for the same quarter in the previous year. Total income of the company increased by 13.73% at Rs 518.25 crore for Q1FY24 as compared Rs 455.70 crore for the corresponding quarter previous year.
