IT stock declares ₹20 per share dividend, PAT rises 22% YoY in Q2FY23

The company in a stock exchange filing said “It is informed to you that the Board of Directors of the Company in its meeting held today, the 28th October, 2022 (Friday), inter alia, declared an interim dividend of Rs. 20/- per equity share of face value of Rs.10/- for each financial year 2022-23. The record date for the purpose of payment of interim dividend has been fixed as Monday, November 7, 2022. Interim dividend shall be paid within 30 days from the date of declaration through electronic mode in accordance with the provisions of the Companies Act, 2013 or by dividend warrant, as applicable.”

Firm reported net profit 15.87 crore on consolidated basis in Q2FY23 as against 12.95 crores in Q2FY22, showing a year-on-year growth of 22.55%. Sales up 22.15% year-on-year 94.20 crore in the quarter ended Sept. 2022 77.12 crore was recorded in the same quarter last year. In Q2FY23, the firm recorded Profit Before Tax (PBT) of 18.53 cr, Q2FY22’s PBT of . up from 16% YoY 15.96 crore

Allsec Technologies standalone net profit jumps 17.70% y-o-y 5.12 crore in the quarter ended September 2022 4.35 crore in the year-ago quarter. Sales up 24.12 percent year-on-year 66.99 crore in the quarter ended September 2022 53.97 crore reported in Q2FY22. The amount of Profit Before Tax (PBT) for the company in Q2FY23 was 6.90 crores, up 7% year-on-year from Q2FY22’s PBT 6.47 crore

Shares of Olsek Technologies Ltd closed on NSE on Friday 524.30 each, up 0.019% from previous close 524.20. During its last trading session, the stock recorded a total volume of 7,953 shares compared to the 20-day average volume of 7,654 shares. In the last 1 year, the stock has fallen 8.01% and on YTD basis, the stock has fallen 22.46 percent so far in 2022. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 73.39%, FII holding of 0.03%, and public shareholding of 26.59%.