Genesys International Strong results

Genesys International jumped 5% to Rs 119.45 at 14:36 IST on BSE on sustained buying spree ever since the company unveiled blockbuster earnings on 30 April 2008.

The stock hit a high of Rs 119.45, which is also its all time high on BSE. The stock touched a low of Rs 115.10 so far during the day. The stock’s 52-week low is at Rs 19.50 touched on 30 May 2007.

The company’s current equity share capital is Rs 11.57 crore. Face value per share is Rs 10.

At the latest market price of Rs 119.45, the stock trades at a PE multiple of 18.18, based on its Q4 March 2008 annualised EPS of Rs 6.57.

The stock witnessed solid re-rating, surging 73.34% from Rs 65.65 on 30 April 2008 to Rs 113.80 on 23 May 2008, taking wings from blockbuster earnings.

Genesys International reported a 126.66-fold spurt in net profit to Rs 7.60 crore on the back of 4.38-fold spurt in net sales to Rs 18.92 crore in Q4 March 2008 over Q4 March 2007

The company posted 608.30% jump in net profit to Rs 14.59 crore on 145.20% surge in net sales to Rs 47.02 crore in FY March 2008 over FY March 2007.

Genesys International providers geospatial, engineering and information technology solutions to the utility, telecom, energy, government, oil & gas and petrochemical sectors.