Onward Technologies announced a steep drop in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 23.37% to Rs 14.81 million from Rs 19.32 million in the same quarter previous year.
Revenues for the quarter rose 13.06% to Rs 571.68 million, compared with Rs 506 million for the prior year period.
Operating margin for the quarter stood at 55.72 percent as compared to 74.68 percent for the previous year period. Operating Income for the quarter was Rs 318.53 million, compared with Rs 377.6 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.92, registering 25.81% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 571.68 | 505.65 | 13.06 |
| Net Profit | 14.81 | 19.32 | (23.37) |
| Diluted EPS | 0.92 | 1.24 | (25.81) |
Shares of the company declined Rs 1.15, or 1.58%, to settle at Rs 71.70. The total volume of shares traded was 32,778 at the BSE (Friday).
