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24-Jan2013

Onward Technologies soars on reporting 15% rise in Q3 consolidated net profit

Onward Technologies is currently trading at Rs. 43.05, up by 2.05 points or 5.00 % from its previous closing of Rs. 41.00 on the BSE.

The scrip opened at Rs. 42.40 and has touched a high and low of Rs. 43.95 and Rs. 40.75 respectively. So far 6757 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.00 on 01-Oct-2012 and a 52 week low of Rs. 34.05 on 25-May-2012.

Last one week high and low of the scrip stood at Rs. 43.95 and Rs. 41.00 respectively. The current market cap of the company is Rs. 59.18 crore.

The promoters holding in the company stood at 59.08% while Institutions and Non-Institutions held 4.03% and 36.89% respectively. Onward Technologies has reported results for third quarter ended December 31, 2012.

The company, on consolidated basis, has registered a rise of 15.33% in its net profit at Rs 1.73 crore in Q3FY13 as compared to Rs 1.50 crore in the corresponding quarter previous year. The total income from operation of the company has increased by 11.11% to Rs 38.00 crore for the quarter under review as compared to Rs 34.20 crore in the same quarter last year.

Onward Technologies is an ISO 9001-2000 certified company serving customers in the areas of Engineering Design Services, IT Services and IT driven Banking Products & Financial Services.


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