B F Utilities disclosed a steep drop in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 36.02% to Rs 51.93 million from Rs 81.17 million in the same quarter last year.
Revenues for the quarter declined marginally 2.48% to Rs 96.44 million, compared with Rs 98.89 million for the prior year period.
Operating margin for the quarter stood at 65.51 percent as compared to 72.34 percent for the previous year period. Operating Income for the quarter was Rs 63.18 million, compared with Rs 71.54 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.38, registering 35.81% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 96.44 | 98.89 | (2.48) |
| Net Profit | 51.93 | 81.17 | (36.02) |
| Diluted EPS | 1.38 | 2.15 | (35.81) |
Shares of the company gained Rs 21.1, or 4.38%, to trade at Rs 503.05. The total volume of shares traded was 66,638 at the BSE (1.42 p.m., Thursday).
