Subex swung to a loss for the quarter ended March 2016. During the quarter, the company reported a loss of Rs 115.10 million compared with a profit of Rs 144.50 million in the same quarter last year.
Revenues for the quarter declined 20.23% to Rs 894.70 million, compared with Rs 1,121.60 million for the prior year period.
Operating margin for the quarter stood at 37.77 percent as compared to 28.16 percent for the previous year period. Operating Income for the quarter was Rs 337.90 million, compared with Rs 315.8 million in the previous year period.
Earnings per share stood negative at Rs 0.27 compared with Rs 0.84 in same quarter last year.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 894.70 | 1,121.60 | (20.23) |
| Net Profit | (115.10) | 144.50 | - |
| Diluted EPS | (0.27) | 0.84 | - |
Shares of the company gained Rs 0.36, or 3.58%, to trade at Rs 10.42. The total volume of shares traded was 4,293,918 at the BSE (3.31 p.m., Tuesday).
