IT stock announced dividend of 20 per share, NPAT increased by 22% YoY in Q2FY23

Allsec Technologies Ltd. is a local IT related company with a market value of Rs. 798.03 crore. Allsec is a market leader in outsourcing solutions and providing services to dramatically transform business operations. The company also announced an interim dividend of Rs. 20 per share in addition to its Q2 financial results.

The company said in a stock exchange filing that “This is to inform you that the Board of Directors of the company, at its meeting held today, October 28, 2022 (Thursday). Six) among countries, declared an Interim Dividend of Rs. 20/- per equity share par value Rs. 10/- each for the fiscal year 2022-23. The Record Date for the purpose of Payment of Interim Dividends is set to Monday, November 7, 2022. Interim Dividends will be paid within 30 days from the date of declaration as required by the Publicity Act. company, 2013, through electronic means or proof of dividend rights, if applicable. “

The company reported a net profit of 15.87 crore on a consolidated basis in Q2FY23 vs 12.95 crore in Q2FY22, reflecting year-on-year growth of 22.55%. Sales increased by 22.15% year-on-year to 94.20 crore for the quarter ended September 2022 vs 77.12 crore was recorded in the same quarter last year. In Q2FY23, the company recorded pre-tax profit (PBT) of Cr 18.53, up 16% YoY compared to Q2/22 PBT of 15.96 Cr.

Allsec Technologies standalone net profit up 17.70% YoY up 5.12 crore for the quarter ended September 2022 from 4.35 crore in the previous quarter. Sales increased 24.12% year-on-year to 66.99 crore for the quarter ended September 2022 vs 53.97 crore reported in Q2FY22. The company’s pre-tax profit (PBT) in Q2FY23 is up to Cr 6.90, up 7% y/y compared to Q2/22 PBT of 6.47 Cot.

On Friday, shares of Allsec Technologies Ltd closed on the NSE at 524.30 each, an increase of 0.019% from the previous closing level of 524.20. In the last trading session, this stock recorded a total volume of 7,953 shares compared to the 20-day average volume of 7,654 shares. Over the past 1 year, the stock is down 8.01% and on a year-to-date basis, the stock is down 22.46% so far in 2022. For the quarter ending September or Q2 23, the company reported shareholder shares of 73.39%, FII holding 0.03% and public share of 26.59%.

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