Q2 profit rises 51%; board proposes ₹48 crore share buyback
ALLDIGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts more than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated Q2 revenue was ₹15,331 lakh versus ₹14,742 lakh, while net profit rose to ₹2,658 lakh from ₹1,762 lakh. Half-year revenue was ₹30,359 lakh and net profit ₹4,470 lakh, versus ₹29,133 lakh and ₹3,251 lakh. The board proposed a buyback of up to 4.8 lakh shares, or 3.15% of capital, at ₹1,000 each for up to ₹48 crore. The promoter plans to participate. Auditors issued unmodified limited reviews.
Profit growth and the proposed buyback may support the stock, but shareholder approval is still needed through a postal ballot.