CMS Info Systems’ stock saw a decline of more than 5% during morning trade following the company’s Q3 results. As of 9:35 AM, the shares were trading 5.34% lower at Rs 441.15.
The revenue for the period stood at Rs 581 crore, reflecting a 6.9% decrease compared to Rs 625 crore in the same quarter of the previous year. Despite the revenue drop, the company’s EBITDA showed a positive performance, increasing by 4.3% to Rs 159 crore, up from Rs 153 crore.
This growth in EBITDA resulted in an improved margin, which reached 27.4%, compared to 24.5% in the corresponding quarter last year. Furthermore, CMS Info’s net profit rose by 2.4%, standing at Rs 93.1 crore, compared to Rs 90.9 crore in the previous year.
CMS Info Systems stock opened at ₹460.00, reaching a high of ₹460.00 and a low of ₹440.65 during the day. The stock’s 52-week high stands at ₹616.50, while its 52-week low is ₹355.10.
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