Onward Tech, Sasken Tech hits 52-week high on strong Q2 numbers
Onward Technologies has reported Q2 net profit at Rs 3 crore against Rs 0.5 crore in the quarter ended June 2017.
Moneycontrol News
Share price of Onward Technologies and Sasken Technologies have touched 52-week highs, gaining 8-13 percent intraday Tuesday on the back of strong Q2 (July-September) numbers.
Onward Technologies has reported Q2 net profit at Rs 3 crore against Rs 0.5 crore in the quarter ended June 2017.
Revenue of the company was up 11 percent at Rs 63 crore versus Rs 57 crore.
The operating profit (EBITDA) of the company was up 144 percent at Rs 4.4 crore and margins was up 370 bps at 6.9 percent.
Sasken Technologies has registered 9 percent jump in profit at Rs 18.7 crore and revenue was up 6 percent at Rs 124 crore.
EBITDA was flat at Rs 20.9 crore and margins was at 16.7 percent.
At 10:05 hrs Sasken Technologies was quoting at Rs 577, up 9.35 percent and Onward Technologies was quoting at Rs 163.95, up 4.83 percent on the BSE.
Posted by Rakesh Patil
