Birlasoft soars after company posts 43% jump in Q4 profit

NEW DELHI: IT services company Birlasoft NSE 12.07 % jumped 17 per cent in early trade on Monday after the company reported a rise in net profit in the quarter ended on March 21, 2021.

The CK Birla Group company reported a 43.3 per cent rise in consolidated net profit to Rs 98.9 crore for the quarter ended March. It had posted a profit of Rs 69 crore for the corresponding period a year ago.

The scrip soared as much as 16.61 per cent to Rs 312 in morning deals. However, it cooled down to Rs 302.60, up 13 per cent at the last count. The stock sharply outperformed the benchmark S&P BSE Sensex, which was up 184.73 points or 0.37 per cent at 50,725.21.