TRIGYN TECHNOLOGIES LTD. 31.5
Net profit stands at 236 lakhs for quarter ended June 2007 as against 135 lakhs for June 2006, a 75% increase. Net profit for the year ended March 2007 stands at 4134 lakhs as against -713.12 in March 2006. Currently, the promoter holding is 40% and the public holding is around 50%. No MFs are FIIs are into it. During the previous year the company has fully repaid the term loan of Oriental Bank of Commerce OBC) under One Time Settlement. Due to this, the overall profit has fallen significantly. The EPS has just moved into the positive territory. Now it is 0.9 as against the figures of -4.64, 4.42, -22.33, -190.45 in the previous years.
On the weaker side, the business revenues are sourced predominantly from the US market and any talks of a US slowdown could have an adverse impact. On an interview with CNBC-TV18 in July 07, Shailesh Sampat, the head of operations, has said that 70-80% of the orders are in dollars and they have taken some internally measures to contain that. It can be seen from the stock charts that when the IT biggies have been going southwards in the past few months, Trigyn atleast seems to have stood still.
