Oracle Financial Services slips on reporting 3% fall in Q4 consolidated net profit

Oracle Financial Services Software (OFSS) is currently trading at Rs. 3490.15, down by 11.20 points or 0.32% from its previous closing of Rs. 3501.35 on the BSE.

The scrip opened at Rs. 3500.00 and has touched a high and low of Rs. 3501.85 and Rs. 3445.40 respectively. So far 1,034 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4446.60 on 19-Aug-2015 and a 52 week low of Rs. 3106.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 3588.20 and Rs. 3443.30 respectively. The current market cap of the company is Rs. 29,622.00 crore.

The promoters holding in the company stood at 74.30% while Institutions and Non-Institutions held 17.43% and 8.27% respectively.

The company has posted a fall of 8.75% in its net profit at Rs 183.84 crore for the quarter ended March 31, 2016 as compared to Rs 201.47 crore for the same quarter in the previous year. However, total income of the company has increased by 11.74% at Rs 922.22 crore for quarter under review as compared to Rs 825.35 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a fall of 2.61% in its net profit after taxes & minority interest and share of profit of associates  at Rs 224.36 crore for the quarter ended March 31, 2016 as compared to Rs 230.37 crore for the corresponding quarter in the FY15. However, total income of the company increased by 12.84% at Rs 1075.93 crore for quarter under review as compared to Rs 953.5 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 12.21% in its net profit at Rs 928.85 crore as compared to Rs 1058.02 crore for the same period in the previous year. Total income of company decreased 1.18% at Rs 3673.3 crore for year under review as compared to Rs 3717 crore for the period ended March 31, 2015.   

For the year ended March 31, 2016, on the consolidated basis, the company has posted fall of 2.23% in its net profit after taxes, minority interest and share of profit of associates at Rs 1165.78 crore as compared to Rs 1192.32 crore for the same period in the previous year. However, total income of company has increased by 2.25% at Rs 4348.77 crore for year under review as compared to Rs 4253.04 crore for the period ended March 31, 2015.