Datamatics Global share price has plunged 7% and is presently trading at Rs 605.0.
Meanwhile, the BSE IT index is at 41,482.2 (down 0.5%).
Among the top losers in the BSE IT index today are Sonata Software (down 10.0%) and Birlasoft (down 4.6%).
Firstsource Solutions (up 9.7%) and Eclerx Services (up 2.0%) are among the top gainers today.
Over the last one year, Datamatics Global has moved up from Rs 564.4 to Rs 605.0, registering a gain of Rs 40.7 (up 7.2%).
On the other hand, the BSE IT index has moved up from 30,276.6 to 41,482.2, registering a gain of 37.0% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 180.9%), Firstsource Solutions (up 107.6%) and INFIBEAM AVENUES (up 103.8%).
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The BSE Sensex is at 81,867.6 (up 0.2%).
The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and HDFC Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..
In the meantime, NSE Nifty is at 25,006.0 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,867.6, registering a gain of 15,339.9 points (up 23.1%).
Datamatics Global net profit fell 10.9% YoY to Rs 521 million for the quarter ended March 2024, compared to a profit of Rs 585 million a year ago. Net sales declined 0.9% to Rs 4,127 million during the period as against Rs 4,163 million in January-March 2023.
For the year ended March 2024, Datamatics Global reported 6.4% increase in net profit to Rs 1,971 million compared to net profit of Rs 1,853 million during FY23. Revenue of the company grew 6.2% to Rs 15,499 million during FY24.
The current Price to earnings ratio of Datamatics Global, based on rolling 12 month earnings, stands at 18.1.
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