Mindteck (India) announced a sharp rise in consolidated net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 96.50% to Rs 103.47 million from Rs 52.66 million in the same quarter last year.
Revenues for the quarter declined marginally 5.00% to Rs 735.62 million, compared with Rs 774.32 million for the prior year period.
Operating margin for the quarter stood at 4.18 percent as compared to 10.02 percent for the previous year period. Operating Income for the quarter was Rs 30.75 million, compared with Rs 77.597 million in the previous year period.
Earnings per share for the quarter stood at Rs 4.11, registering 95.71% growth over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 735.62 | 774.32 | (5.00) |
Net Profit | 103.47 | 52.66 | 96.50 |
Diluted EPS | 4.11 | 2.10 | 95.71 |
Shares of the company gained Rs 1.7, or 2.08%, to settle at Rs 83.30. The total volume of shares traded was 95,226 at the BSE (Friday).