Take Solutions reports healthy performance, stock hovers

Take Solutions’ consolidated revenue for the second quarter of FY19 came in at Rs. 515.87 crore, registering 10.34 per cent QoQ increase. This was primarily driven by 11 per cent QoQ growth in life science segment which contributed almost 91 per cent to Q2FY19 revenue.

The company's EBITDA for the quarter rose by 13.06 per cent QoQ to Rs. 105.40 crore with a corresponding margin expansion of 49 bps. EBITDA margin for the quarter stood at 20.43 per cent. PAT for the quarter came in at Rs. 60.79 crores, QoQ increase of 12.23 per cent.

The board of directors have declared an interim dividend of Rs. 0.30 on equity share of Re. 1 each. The record date for the payment of the company's Interim Dividend is fixed on November 12, 2018. 

After announcing the result on Tuesday, the stock of Take Solutions on Wednesday’s trading session opened gap-up at Rs. 164 apiece as against the previous close of Rs. 155.20. At 11.44 hours, the stock was trading at Rs. 164 apiece, up by almost 6 per cent from the previous close.