T C I Finance announced a substantial drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 94.82% to Rs 2.00 million from Rs 38.60 million in the same quarter last year.
Revenues for the quarter declined 57.61% to Rs 24.50 million, compared with Rs 57.80 million for the prior year period.
Operating margin for the quarter stood at 87.35 percent as compared to 97.06 percent for the previous year period. Operating Income for the quarter was Rs 21.40 million, compared with Rs 56.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.16, registering 94.67% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 24.50 | 57.80 | (57.61) |
| Net Profit | 2.00 | 38.60 | (94.82) |
| Diluted EPS | 0.16 | 3.00 | (94.67) |
Shares of the company declined Rs 0.15, or 0.41%, to trade at Rs 36.20. The total volume of shares traded was 439 at the BSE (3.41 p.m., Tuesday).
