Saven Technologies disclosed a substantial rise in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company rose 33.84% to Rs 5.57 million from Rs 4.16 million in the same quarter previous year.
Revenues for the quarter rose 13.45% to Rs 23.27 million, compared with Rs 21 million for the prior year period.
Operating margin for the quarter stood at 23.23 percent as compared to 24.93 percent for the previous year period. Operating Income for the quarter was Rs 5.41 million, compared with Rs 5.114 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.51, registering 34.21% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 23.27 | 20.51 | 13.45 |
Net Profit | 5.57 | 4.16 | 33.84 |
Diluted EPS | 0.51 | 0.38 | 34.21 |
Shares of the company declined Rs 0.15, or 0.76%, to settle at Rs 19.50. The total volume of shares traded was 28,254 at the BSE (Monday).