declined 0.37 per cent to trade at ₹483 on the National Stock Exchange on Friday afternoon, despite the company reporting a sharp 68 per cent quarter-on-quarter increase in net profit. The stock opened at ₹480 and touched an intraday high of ₹514 before paring gains, with over 2.70 lakh shares changing hands by 12.24 pm.
The geospatial services company announced its September quarter results on Wednesday, showing profit after tax rose to ₹12 crore from ₹7.12 crore in the previous quarter. Profit margin expanded from 9.8 per cent to 14.8 per cent during the period. Total revenue increased 12 per cent quarter-on-quarter to ₹80.79 crore, while EBITDA grew nearly 10 per cent to ₹33.84 crore.
On a year-on-year basis, revenue grew 10.64 per cent and EBITDA increased 11.38 per cent. However, annual profit growth was modest at 6.86 per cent compared to the same quarter last year.
Chairman Sajid Malik attributed the performance to operational discipline and improved project execution. He highlighted the company’s focus on working capital management and investments in its 3D ADAS-driven navigation platform, which is gaining validation from industry partners.
The stock has been volatile, trading between a 52-week high of ₹1,055 in January and a low of ₹463.85 last month. With a market capitalisation of ₹2,015 crore, the counter witnessed delivery of 41.11 per cent of traded quantity during the session.