Cybertech Systems & Software Ltd: Q2 Results - Update
On October 29, we have given a positive view on Cybertech Systems, when it was at Rs. 42/-. After two weeks the stock touched a high of Rs.74/- and closed by 10% lower at Rs. 63/-, thanks to a not so good second quarter financials. On a consolidated basis its top-line fell 10% and bottom line slipped into red. What we understand is increased expenses on employee addition and other expenses too caused to report a ( profit after Interest but before exceptional items ) loss of of Rs. 33 lakh against a profit of Rs. 1.84 crore on sequential basis. Despite a dismal financial results, we hopes that all positive circumstances are there to improve its performance in the future. Also we can keenly track the movement of the management, especially if they increasing their stake.
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