Indian Infotech and Software announced a sharp rise in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 8.52 times to Rs 15.11 million from Rs 1.77 million in the same quarter last year.
Revenues for the quarter declined 34.92% to Rs 123.77 million, compared with Rs 190.18 million for the prior year period.
Operating margin for the quarter stood at 17.93 percent as compared to 1.35 percent for the previous year period. Operating Income for the quarter was Rs 22.20 million, compared with Rs 2.57 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.01, registering 7.50 times growth over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 123.77 | 190.18 | (34.92) |
Net Profit | 15.11 | 1.77 | 751.75 |
Diluted EPS | 0.02 | 0.00 | 650.00 |
Shares of the company declined Rs 0.01, or 2.38%, to settle at Rs 0.41. The total volume of shares traded was 52,700 at the BSE (Monday).