Infosys Technologies Q1 net profit at Rs.1028 Crores, stock slumps 3.46%

Infosys Technologies Ltd has announced the Audited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax & exceptional items of Rs 10280 million for the quarter ended June 30, 2007 as compared to Rs 8050 million for the quarter ended June 30, 2006. Total Income has increased from Rs 29960 million for the quarter ended June 30, 2006 to Rs 38060 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a net profit after tax, exceptional items and minority interest of Rs 10790 million for the quarter ended June 30, 2007 as compared to Rs 8000 million for the quarter ended June 30, 2006. Total Income has increased from Rs 31430 million for the quarter ended June 30, 2006 to Rs 40260 million for the quarter ended June 30, 2007.

The stock was trading at Rs.1950, down by Rs.69.95 or 3.46%. The stock hit an intraday high of Rs.2025 and low of Rs.1925. The total traded quantity was 1037417 compared to 2 week average of 242118.

Source : Equity Bulls

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