Trigyn Technologies stock tanks 9% after Q3FY22 PAT declines despite a steady revenue growth

11 Feb 2022 , 01:09 PM

Trigyn Technologies Limited for the quarter ended on December 31, 2021, on a consolidated basis has reported a revenue of Rs26,164.29 lakh as compared to Rs25,531.24 lakh in the previous corresponding quarter. For the nine months ended on December 31, 2021, on a consolidated basis, Company logged revenue of Rs76,730.18 lakh as against Rs72,710.19 lakh in the corresponding period last year.

The consolidated PAT for the quarter ended on December 31, 2021, is Rs928.14 lakh as against Rs1,186.17 lakh in the previous quarter of the year. For the 9M period ended on December 31, 2021, on a consolidated basis, Company has a PAT of Rs3,536.02 lakh as against Rs4,975.82 lakh in the previous year’s corresponding period.

On standalone basis, the company reported a revenue of Rs2,262.40 lakh for the quarter ended on December 31, 2021 as against Rs2,445.96 lakh in the previous quarter of the year. For the nine months ended on December 2021, revenue was reported at Rs6,956.15 lakh as against Rs5,695.34 lakh for the 9M ended December 2020.

The PAT for the same period stood negative at Rs428.46 lakh as against profit of Rs139.09 lakh in the previous quarter of the year. For the nine months ended on December 2021 PAT reported negative at Rs399.62 lakh as against loss of Rs107.34 lakh in the corresponding 9M period.

Trigyn Technologies is currently trading at Rs158.95 down by Rs15.6 or 8.94% from its previous closing of Rs174.55 on the BSE. The scrip opened at Rs164.10 and has touched an intraday high and low of Rs164.90 and Rs155 respectively.