Bodhtree Consulting hits record high

Bodhtree Consulting is an IT service management company, helping companies transform using cloud, analytics and digital solutions. The stock price hit a record high today morning at Rs.102.80 with volumes jumping up to 68,000 shares, up from 2-week average volume of 46,000 shares.

The company has announced receipt of order today morning. This is from the 'Magadh University', Bihar to provide the 'Digital University Platform' in a managed services model. The project value is expected to cross Rs. 43+ crore inclusive of taxes for a period of 3 years. The University will pay the company on a per student basis.

Magadh is the oldest university of Bihar with 215 plus colleges and a new student base of 5 lakh plus students every year and offering more than 100 plus courses in undergraduate, post graduate, BEd, etc.

The company will be digitizing  key areas of the university catering to the high student base and streamline admissions, examinations, certificate generation and various workflows of the university. It will also provide a digital help desk for the students. The project will also require implementing a biometric based attendance system for the staff of the university and its constituent colleges.

Yesterday, the company announced  the receipt of Letter of Intent (LOI) from ICFRE (Indian Council of Forestry Research and Education, Dehradun) for the project worth Rs. 8.38 crore.

The company had ended H1FY18 with a 57% jump in revenue at Rs.38 crore and net profit came in at Rs.81 lakh, up 6.5%. EBITDA margin improved 212 bps to 12.43% from 10.31%.