8K Miles slumps even as company reports 109% jump in Q4 net profit

NEW DELHI: Shares of 8K Miles Software Services ended lower by 5.66 per cent in trade on Tuesday even after the company reported a 109 per cent jump in Q4 net profit.

The company reported net profit of Rs 12.3 crore in the quarter under review against Rs 6.27 crore in the same quarter last fiscal.

The growth in net profit was aided by a stellar performance in revenue, that grew 115 per cent year-on-year to Rs 86 crore from Rs 42.58 crore.

Reacting to the earnings, the scrip slipped 5.66 per cent to hit a high of Rs 1,980 on the BSE.