Aztecsoft Ltd Q1 net up 91.09% at Rs.6.65 Crores

Aztecsoft Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.66.5 million for the quarter ended June 30, 2007 where as the same was at Rs.34.8 million for the quarter ended June 30, 2006. Total Income is Rs.546.3 million for the quarter ended June 30, 2007 where as the same was at Rs.395.1 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.1.56 for Quarter ended June 30, 2007 compared to Rs.0.85 reported during Q1 2006-2007. The Company on July 12, 2007 has received an order from the Income Tax Appellate Tribunal for the transfer pricing appeal pertaining to the Assessment Year 2002-03. As per the said order, the determination of the arm´s length price has been remanded back to the assessing officer.

Previous period comparatives includes the financial results of Aztec Disha Technologies Ltd which has been merged with the Company with effect from April 01, 2006 pursuant to the order passed by the Honourable High Court of Karnataka. The previous period comparatives have been regrouped/reclassified as necessary and are unaudited.

The stock was trading at Rs.85.45, down by Rs.2.35 or 2.68%. The stock hit an intraday high of Rs.87 and low of Rs.84.75. The total traded quantity was 30508 compared to 2 week average of 14665.

Source : Equity Bulls

Keywords