RS Software Q3, net loss recovered

R.S. Software India, an electronic payment service provider, posted Q3 FY17 results on NSE. The stock lost 2.99% in the afternoon trade after consolidating in the morning trade.

Jan 18, 2017 04:01 IST India Infoline News Service

R S Software India, an electronic payment service provider, has posted Q 3FY17 results on NSE. The stock lost 2.99% in the afternoon trade after consolidating in the morning trade.
 
R S Software India's consolidated revenue for the quarter has come in at Rs 18.06 crores, registering a 20.37% yoy decline, but growth of 17.5% qoq.
 
Company has posted a negative EBITDA for the quarter at Rs 8.32 crore as against negative EBITDA of Rs 8.20 crore qoq, and negative EBITDA of Rs 11.15 crore yoy
 
The net loss for the quarter has come in at Rs 4.24 crore as against net loss of Rs 5.96 crore qoq, and net loss of Rs 7.53 crore yoy. Company’s other income has come in at Rs 2.71 crore as against Rs 3.59 crore qoq and Rs 4.14 crore yoy.
 
 
Stock View:
 
R S Software (India) Ltd is currently trading at Rs 111.05, down by Rs 2.8 or 2.46% from its previous closing of Rs 113.85 on the BSE.
 
The scrip opened at Rs 113.85 and has touched a high and low of Rs 115.9 and Rs 110.3 respectively. So far 1317641(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 292.69 crore.
 
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 127.5 on 13-Dec-2016 and a 52 week low of Rs 57.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 117.4 and Rs 109.8 respectively.
 
The promoters holding in the company stood at 40.46 % while Institutions and Non-Institutions held 3.19 % and 51.88 % respectively.
 
The stock is currently trading above its 50 DMA.

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