Jetking Infotrain disclosed a drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 79.43% to Rs 2.71 million from Rs 13.16 million in the same quarter last year.
Revenues for the quarter declined 7.73% to Rs 57.37 million, compared with Rs 62.18 million for the prior year period.
Total expenses as a percent of revenues decreased to 94.61 percent from 120.30 percent in the same period last year. This has led to an improvement of 2569 basis points in operating margin to 5.39 percent.
Operating margin for the quarter stood at positive 20.30 percent as compared to a negative 20.30 percent for the previous year period. Operating Income for the quarter was Rs 3.09 million, compared with an operating loss of Rs 12.63 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.46, registering 79.37% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 57.37 | 62.18 | (7.73) |
Net Profit | 2.71 | 13.16 | (79.43) |
Diluted EPS | 0.46 | 2.23 | (79.37) |
Shares of the company declined Rs 1.15, or 2.07%, to settle at Rs 54.35. The total volume of shares traded was 887 at the BSE (Tuesday).