This technology stock jumped more than 10% even in the falling market, know what the technical charts are saying – kfin technologies shines with more than 10 percent
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The company’s total revenue decreased marginally by 0.54% in the first quarter. 182 crore as compared to Rs. 183 crore in the fourth quarter of the last financial year. The company’s EBITDA saw a major decline of 16.66 per cent. With this it was Rs 70 crore. Also, there was a decline in the profit after tax of the company. It was Rs 70 crore as compared to Rs 84 crore earlier. This is a quarter-on-quarter decline of 21.05 percent.
Compared on a year-on-year basis, the company’s revenue grew by 7.69 per cent in the first quarter. It stood at Rs.182 crores as against Rs.169 crores. During this period, the operating profit of the company increased by 12.90 percent to Rs 70 crore. At the same time, the company’s net profit increased by 16.21 percent on an annual basis and stood at Rs 43 crore. Good buying is being seen in this stock. It has grown by more than 20 per cent in a year.
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