Shares of Subex hits 5% upper circuit, touching the day's high of Rs30.70, after the company reported consolidated net profit of Rs16.37 crore in Q3 December 2011, compared with net loss of Rs12.95 crore in Q2 September 2011.
Subex's consolidated net sales rose by 2.54% to Rs131.42 crore in Q3 December 2011 over Q2 September 2011. The product revenue for the company stood at Rs118.72 crore in Q3 December 2011, contributing to 89.36% of the consolidated revenue, the company said in a statement.
Subex said that the order intake for the continuing product business grew 15.5% at $23.10 million in Q3 December 2011 over Q3 December 2010.
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Subex's consolidated net sales rose by 2.54% to Rs131.42 crore in Q3 December 2011 over Q2 September 2011. The product revenue for the company stood at Rs118.72 crore in Q3 December 2011, contributing to 89.36% of the consolidated revenue, the company said in a statement.
Subex said that the order intake for the continuing product business grew 15.5% at $23.10 million in Q3 December 2011 over Q3 December 2010.
....more info